Port Norfolk median real estate price is $206,892, which is more expensive than 39.8% of the neighborhoods in Virginia and 54.9% of the neighborhoods in the U.S.
The average rental price in Port Norfolk is currently $1,137, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 60.0% of Virginia neighborhoods.
Port Norfolk is a suburban neighborhood (based on population density) located in Portsmouth, Virginia.
Port Norfolk real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Port Norfolk neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in Port Norfolk. The current real estate vacancy rate here is 21.0%. This is higher than the rate of vacancies in 86.6% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.