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Suffolk city Housing Market

Virginia · 133 counties · Ranked #2749 in home value

Above National Avg

Housing at a Glance

Median Home Value

$329,600

vs national+$329,600 vs $281,900 national

Median Gross Rent

$1,484/mo

vs national+$1,484 vs $1,163 national

Effective Tax Rate

0.93%

vs national0.93% vs 1.02% national

Median Household Income

$90,089

vs national+$90,089 vs $74,755 national

Affordability Ratio

3.7x

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

Rent Burden

33.0%

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

More Housing Data

Property Tax (Median)

$3,073

Tax as % of Home Value

0.93%

Monthly Owner Cost

$1,803

Renter Income

$52,513

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Frequently Asked Questions

What is the median home value in Suffolk city?

The median home value in Suffolk city is $329,600. This is above the national median of $281,900.

How much is rent in Suffolk city?

The median gross rent in Suffolk city is $1,484 per month.

What is the property tax rate in Suffolk city?

The effective property tax rate in Suffolk city is 0.93%. The median annual property tax bill is $3,073.

Is Suffolk city affordable?

With a home-value-to-income ratio of 3.7x, Suffolk city is moderately 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.