Cities with the most expensive homes in the Norfolk metro area
Cities with the most expensive homes in the Norfolk metro area
Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights affordability plays a huge role for buyers.
The typical home value in the United States was a record $351,423 in August, 1.3% higher than the year before. High mortgage rates are also making monthly payments more expensive; as of Sept. 21, the 30-year fixed mortgage rate sits at 7.19%.
Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.
Stacker compiled a list of cities with the most expensive homes in the Norfolk metro area using data from Zillow. Charts show the monthly typical home value since January 2018.
#30. Susan, VA
- Typical home value: $322,954
- 1-year price change: -2.0%
- 5-year price change: +24.5%
#29. Jarvisburg, NC
- Typical home value: $324,320
- 1-year price change: +4.0%
- 5-year price change: +72.2%
#28. Hayes, VA
- Typical home value: $325,203
- 1-year price change: +2.0%
- 5-year price change: +37.9%
#27. Gloucester, VA
- Typical home value: $341,984
- 1-year price change: +4.1%
- 5-year price change: +43.9%
#26. Camden, NC
- Typical home value: $343,138
- 1-year price change: +3.9%
- 5-year price change: +39.8%
#25. Suffolk, VA
- Typical home value: $348,235
- 1-year price change: +4.1%
- 5-year price change: +43.2%
#24. Shawboro, NC
- Typical home value: $348,455
- 1-year price change: +1.8%
- 5-year price change: +50.0%
#23. Grandy, NC
- Typical home value: $352,849
- 1-year price change: +4.5%
- 5-year price change: +68.3%
#22. Maple, NC
- Typical home value: $360,965
- 1-year price change: +1.5%
- 5-year price change: data not available
#21. Smithfield, VA
- Typical home value: $363,381
- 1-year price change: +2.1%
- 5-year price change: +34.4%
#20. Powells Point, NC
- Typical home value: $363,726
- 1-year price change: +4.6%
- 5-year price change: +79.0%
#19. Hartfield, VA
- Typical home value: $364,475
- 1-year price change: +3.1%
- 5-year price change: +43.6%
#18. Poplar Branch, NC
- Typical home value: $364,652
- 1-year price change: +2.5%
- 5-year price change: +60.8%
#17. Aydlett, NC
- Typical home value: $367,919
- 1-year price change: +0.4%
- 5-year price change: +51.0%
#16. Knotts Island, NC
- Typical home value: $374,463
- 1-year price change: +2.5%
- 5-year price change: +57.3%
#15. South Mills, NC
- Typical home value: $374,870
- 1-year price change: +2.5%
- 5-year price change: +41.1%
#14. Chesapeake, VA
- Typical home value: $378,956
- 1-year price change: +4.0%
- 5-year price change: +40.9%
#13. Virginia Beach, VA
- Typical home value: $386,959
- 1-year price change: +5.2%
- 5-year price change: +40.5%
#12. Carrollton, VA
- Typical home value: $398,811
- 1-year price change: +1.9%
- 5-year price change: +30.0%
#11. Coinjock, NC
- Typical home value: $412,866
- 1-year price change: +0.2%
- 5-year price change: +53.2%
#10. Toano, VA
- Typical home value: $417,986
- 1-year price change: +3.2%
- 5-year price change: +37.5%
#9. Poquoson, VA
- Typical home value: $421,463
- 1-year price change: +4.1%
- 5-year price change: +35.1%
#8. Williamsburg, VA
- Typical home value: $423,512
- 1-year price change: +5.8%
- 5-year price change: +36.3%
#7. Harbinger, NC
- Typical home value: $424,550
- 1-year price change: +1.7%
- 5-year price change: +59.8%
#6. Currituck, NC
- Typical home value: $428,757
- 1-year price change: +0.5%
- 5-year price change: +52.8%
#5. Point Harbor, NC
- Typical home value: $433,867
- 1-year price change: +4.6%
- 5-year price change: +78.9%
#4. Yorktown, VA
- Typical home value: $437,269
- 1-year price change: +4.8%
- 5-year price change: +32.1%
#3. Seaford, VA
- Typical home value: $460,187
- 1-year price change: +3.2%
- 5-year price change: +33.9%
#2. Moyock, NC
- Typical home value: $461,803
- 1-year price change: +1.1%
- 5-year price change: +51.6%
#1. Corolla, NC
- Typical home value: $908,577
- 1-year price change: -0.7%
- 5-year price change: +69.4%
This story features data reporting and writing by Elena Cox, and is part of a series utilizing data automation across 379 metros.
