The typical Norfolk home was worth $310,673 in September 2026, a record and up 1.5% in a year, Zillow says. Median sale price: $321,600 in August.
Last checked Oct. 19, 2026. Figures come from Zillow Research’s public data files (September 2026, the latest month published, and August 2026 for sale prices), the Federal Housing Finance Agency’s House Price Index (second quarter of 2026) and the city’s Real Estate Assessor. This page is refreshed monthly.
The typical Norfolk home was worth $310,673 in September 2026, according to the Zillow Home Value Index. That is 1.5% more than a year earlier and the highest the index has been. Values slipped slightly in the spring, then rose about $1,200 a month from July to September. They are 37% higher than in September 2020.
What this means for you
- Buyers: Norfolk remains one of the cheaper cities in Hampton Roads, more than $100,000 below Virginia Beach and Chesapeake.
- Sellers: values are at a record, but gains have slowed to about 1% to 2% a year.
- Owners: your tax value comes from the city’s Real Estate Assessor, 757-664-4732, not Zillow. See property taxes.
The numbers
| Measure | Latest | A year earlier | Change |
|---|---|---|---|
| Typical home value, Norfolk (Zillow index) | $310,673 (Sept. 2026) | $306,036 | +1.5% |
| Median sale price, Norfolk (Zillow) | $321,600 (Aug. 2026) | $315,000 | +2.1% |
| Typical home value, Virginia Beach metro (Zillow index) | $371,181 (Sept. 2026) | $360,893 | +2.9% |
| Median days to pending, Virginia Beach metro (Zillow) | 30 days (Sept. 2026) | 30 days | No change |
| FHFA price index, Virginia Beach-Chesapeake-Norfolk metro | 388.95 (2nd quarter 2026) | 375.30 | +3.6% |
Sources: Zillow’s city home value file, ZIP code home value file, metro home value file, city median sale price file and metro days to pending file; FHFA’s all-transactions metro index.
The median sale price moves more from month to month than the smoothed index. Over the past year it ranged from $292,500 in January 2026 to $330,000 in May 2026.
Ten years of values
The biggest jump came between September 2020 and September 2021, when the index rose about $32,000. The yearly gain was 4.2% in 2024, almost nothing in 2025 and 1.5% in 2026.
Home values by ZIP code
Zillow Home Value Index for September 2026, ZIP codes mostly inside Norfolk:
| ZIP code | Typical value | Change in a year |
|---|---|---|
| 23507 | $478,728 | +0.9% |
| 23508 | $379,098 | +0.7% |
| 23518 | $342,482 | +1.3% |
| 23510 | $327,623 | -1.6% |
| 23505 | $327,470 | +2.3% |
| 23517 | $321,257 | -0.8% |
| 23503 | $315,126 | +1.6% |
| 23502 | $311,254 | +1.6% |
| 23509 | $283,362 | +2.8% |
| 23513 | $271,833 | +2.2% |
| 23504 | $269,145 | +1.0% |
| 23523 | $259,921 | +1.3% |
Two downtown-area ZIP codes, 23510 and 23517, were the only ones to fall.
For each neighborhood’s ZIP code, zoned schools and parks, see our Norfolk neighborhoods guide.
How Norfolk compares
Zillow Home Value Index for September 2026, cities across Hampton Roads:
| City | Typical value | Change in a year |
|---|---|---|
| Virginia Beach | $424,785 | +3.1% |
| Chesapeake | $424,217 | +3.6% |
| Suffolk | $386,848 | +2.8% |
| Norfolk | $310,673 | +1.5% |
| Newport News | $291,926 | +2.9% |
| Hampton | $279,178 | +2.5% |
| Portsmouth | $266,504 | +2.5% |
Norfolk’s gain was the smallest of the seven cities, though every one hit a new high in September.
What the city’s assessor sees
The city’s own figures point the same way. The average assessed value of a Norfolk home rose 3.85% to $339,760 for July 1, 2026, and the assessor expects smaller residential gains in 2027, according to its 2026 annual report.
Where to look up a specific house
- Assessed value and property details: the city’s property search and Norfolk AIR.
- Recorded sales: our weekly real estate transfers.
- Taxes owed: the City Treasurer’s eServices portal.
Notes on method
Zillow’s index estimates the value of a typical home in the middle third of the market, single-family homes and condos together, smoothed and seasonally adjusted. It is not the price of homes that sold. FHFA’s index tracks repeat sales and refinance appraisals on the same houses across the metro area and is an index number, not a dollar price; the percentage change is the useful part. ZIP codes do not follow city lines exactly. We report the latest month each source has published.
Related: property taxes, Norfolk population and growth and moving to Norfolk.
Frequently asked questions
What is the average home price in Norfolk, Virginia?
The Zillow Home Value Index put the typical Norfolk home at $310,673 in September 2026. Zillow’s median sale price for the city was $321,600 in August 2026.
Are home prices going up in Norfolk?
Yes, slowly. Zillow’s index rose 1.5% from September 2025 to September 2026 and reached a new high in September, after a flat spring.
Which Norfolk ZIP code has the highest home values?
23507, where Zillow’s typical value was $478,728 in September 2026. The lowest of the city’s ZIP codes was 23523, at $259,921.
Is Norfolk cheaper than Virginia Beach?
Yes. Zillow’s September 2026 typical value was $310,673 in Norfolk and $424,785 in Virginia Beach, a gap of more than $114,000.
Does Zillow set my Norfolk tax assessment?
No. The city’s Real Estate Assessor sets the assessed value on your tax bill; call 757-664-4732. Zillow’s index is an estimate of market value.
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