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Norton city Housing Market

Virginia · 133 counties · Ranked #276 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$100,700

vs national$100,700 vs $281,900 national

Median Gross Rent

$670/mo

vs national$670 vs $1,163 national

Effective Tax Rate

0.78%

vs national0.78% vs 1.02% national

Median Household Income

$38,497

vs national$38,497 vs $74,755 national

Affordability Ratio

2.6x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

27.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$787

Tax as % of Home Value

0.78%

Monthly Owner Cost

$582

Renter Income

$16,497

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Frequently Asked Questions

What is the median home value in Norton city?

The median home value in Norton city is $100,700. This is below the national median of $281,900.

How much is rent in Norton city?

The median gross rent in Norton city is $670 per month.

What is the property tax rate in Norton city?

The effective property tax rate in Norton city is 0.78%. The median annual property tax bill is $787.

Is Norton city affordable?

With a home-value-to-income ratio of 2.6x, Norton city is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.