Norfolk vs Richmond: Housing
| Norfolk | Richmond | |
|---|---|---|
| Median Home Value | $289,900 | $353,000 |
| Median Gross Rent | $1,321/mo | $1,372/mo |
| Homeownership Rate | 46.3% | 43.5% |
| Rent as Share of Income | 24.0% | 25.5% |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.