Located in the state of Virginia, Norfolk is a large city with a population of 245,724 inhabitants. Norfolk has a population density of 4,612 people per square mile. This would be considered well above the national population density level. Norfolk is known to be an ethnically diverse city. The two most common races are White (48%) and Black or African American (42%). If you are a young adult or student, you might be pleased to know that the average age of all Norfolk residents is 30.
Living in Norfolk can be a fulfilling experience for anyone relocating to the area. Having said that, in the state of Virginia, there are many incredible places to live, so choose wisely! To help you find the best places to live in and around Norfolk, AreaVibes has created a livability score using key metrics like amenities, crime, education, employment, housing and more.
Norfolk, VA receives 68/100 for its livability score; this results in a ranking of #403 in Virginia and #13,591 in the USA. There are seven total categories that create the livability score. Norfolk ranks well for amenities (A+), weather (B-) and education (A). There are some categories that Norfolk ranks poorly for, including: crime (F), cost of living (D), employment (D) and housing (F). It might be worth taking a closer look to figure out why.
Location, location, location - possibly the three most important words in your search for a new place to live. Fortunately, in Norfolk, there is no shortage of amazing local amenities and interesting things to do. Here are some of the more popular things to do in Norfolk: Virginia Zoo, Norfolk Botanical Garden, and Chrysler Museum of Art.
Knowing that the Norfolk schools rank highly for test scores plays an important factor in deciding if this area is the right place to live. The average school test scores are 69%, which is far higher than the national average.
Assuming that Norfolk meets all of your requirements, the next most important item to examine is the affordability of real estate in Norfolk. Everything else becomes a lot less important if it turns out that home prices in Norfolk are simply unattainable. Median real estate prices in Norfolk come in at $193,100, which is 22.3% lower than the Virginia average. The home price to income ratio compares the median home prices to the median household income. In Norfolk, the home price to income ratio is 4.3, which is 13.2% higher than the Virginia average. Purchasing your new home can come with many financial benefits, some of which are more lucrative than others. Perhaps the most notable benefit could be the appreciation of your new home. Home appreciation rates are a good way to generate tax-free equity on a long term basis. The year over year appreciation rates in Norfolk were 1.8%, and the 5 year appreciation rates came in at 4.1%.