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NORFOLK HOME VALUES

Located in the heart of Hampton Roads, Norfolk provides a diverse atmosphere for its residents. Waterfront property is plentiful here, and the stately homes of The Hague, Larchmont, and Lafayette-Winona that sit along the estuaries hearken back to an age of manners and elegance. History is also alive in the homes of Colonial Place and West Ghent for those seeking to renovate, while those interested in more contemporary, urban living have the Freemason area and the new downtown condo developments as options.

Home values in Norfolk will vary according to the market and overall economic health. You might think at first that luxury living cannot be achieved on a budget, but if you know where to look in Norfolk, you can find the right new home for you. We are happy to provide below an estimate of home values in Norfolk for your reference.

 
Norfolk
National
Home Value Index $199,500 $209,018
1 Yr. Change -$7,500 -$22,037
Estimate per Square Feet $158 $258
Property Tax $1,905 $2,861
Median Condo Value $234,000 $216,500
Median 1-BR $179,500 $196,500
Median 2-BR $169,500 $205,00
Median 3-BR $203,500 $231,500
Median 4-BR $226,000 $337,500

 *Based upon information in the 2000 U.S. Census

 Thinking of selling? What is your Norfolk home worth now? Fill out the form below and a Realtor from Nancy Chandler Associates will contact you.

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