515 E Freemason St Unit 3A · Norfolk, VA
Flood risk 4/10 · Minor
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.13%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $666 – $1,236
Heat risk 9/10 · Severe
- Hot days now (above 106°F)
- 7 days/yr
- Hot days in 30 yrs
- 16 days/yr
Wind risk 8/10 · Major
- Chance of severe wind over 30 yrs
- 80.0%
Air-quality risk 5/10 · Moderate
- Unhealthy air days now
- 6 days/yr
- Unhealthy air days in 30 yrs
- 7 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the D- grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- ARV discount +12.0/15.0
- Appreciation +5.1/10.0
- Cash flow +4.7/30.0
- Livability +4.2/5.0
- Rent growth +3.7/5.0
- Schools +3.5/10.0
- 1% rule +2.9/10.0
- Condition / age +2.5/5.0
- DSCR +0.0/10.0
$225,000
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
AMAZING DOWNTOWN CONDOMINIUM WITH A VERY OPEN FLOOR PLAN! LARGE OPEN LIVING ROOM WITH GAS FP, KITCHEN BOASTS ALL SS APPLIANCES WITH LOTS OF CABINETS AND A PERFECT BREAKFAST NOOK BAR AREA FOR ENTERTAINING. OVERSIZE BEDROOM SUITE IS ENHANCED BY A LARGE WALK-IN CLOSET & RESTORATION BATH. THE UTILITY ROOM IS ALSO LARGE AND INCLUDES THE WASHER & DRYER. ONE (1) RESERVED, ONE (1) COVERED CARPORT FOR A TOTAL OF TWO (2) PARKING, AS WELL AS STREET PARKING AVAILABLE. LOCATED BEHIND THE MALL AND IN NEAR TO SHOPPING, RESTAURANTS AND ACTIVITIES DOWNTOWN. HAS A LARGE WALK-IN ATTIC FOR STORAGE. NEW CARPETING! CONDO FEE INCLUDES-WATER, SEWER, GROUND MAINT, SECURITY, TRASH PU. THIS VERY WELL MAINTAINED CONDO IS MOVE-IN READY! COME TOUR TODAY! ATTN: INVESTORS, PROPERTY HAS A STRONG RENTAL HISTORY SINCE SELLER PURCHASED IN 2016.
Key facts
- Updated bath
- Walk-in closet
- Gas fireplace
Tags
Property features AI
Finance
- Other: Pet restrictions
- HOA & community: Homeowners association (ST Pauls Place Association) with professional management; HOA dues approximately $408 monthly; HOA covers ground maintenance, security, sewer, trash pickup, and water
Exterior
- Parking: Assigned covered off-street parking (1 space)
- Security: Community security; Security system
- Utilities: City water; City sewer; Electric water heater; Electric power
- Home design: Attached condo, low-rise style; Corner/end unit with 1 living level; Unit on condo level 3; City view
- Construction: Asphalt shingle roof; Slab foundation
- Exterior features: Corner unit; Brick siding; Fenced yard
Interior
- Kitchen: Electric range; Microwave; Dishwasher; Refrigerator; Disposal
- Bedrooms: Master bedroom with ensuite; Bedroom with full bathroom on first floor
- Flooring: Carpet; Ceramic
- Bathrooms: 1 full bathroom
- Heating & cooling: Heat pump heating; Programmable thermostat; Central air conditioning
- Interior features: Gas fireplace; Ceiling fan; Security system; Walk-in attic; Walk-in closet; Window treatments; One fireplace
- Laundry & utility: Washer; Dryer; Utility room
Neighborhood map
What this means for you Summary
Snapshot
- This is a 1-bed/1.0-bath condo listed at $225k.
Deal economics
- At list price, monthly cash flow is $-561 ($-7k/yr) — negative.
- To cash-flow at today's rent, offer at most $126k (44.0% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $179k (20.6% below list).
- Recommended offer: $126k (44.0% below list) — sets the bar for cash-flow.
Location & tenants
- Location reads 83/100 on livability (#43 in VA, #1,026 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, health & safety A+; Watch: employment C-, crime F.
- Norfolk City Public School District (urban): math 27% / reading 56% proficiency, ranked #118 of 131 in VA (top 90%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
- Zoned schools: Walter Herron Taylor Elementary (math 57% / reading 67%, grade B, #480 of 1,108 statewide, top 46%, 341 students, 98% FRL); Matthew Fontaine Maury High (math 46% / reading 90%, grade B, #180 of 319 statewide, top 57%, 1,697 students, 96% FRL) — zoned schools average 97% FRL vs 59% district-wide (38 pts higher); higher-poverty schools than district average — tighter screening recommended.
- Zoned-school proficiency averages 65% at this address vs 42% district-wide (+24 pts) — the actual schools serving this property are materially stronger than the Norfolk City Public School District average implies; a family-tenant draw the district grade alone would hide.
- Market conditions: Rents rising fast (+5.0%/yr); 44 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); 438 units permitted in Norfolk city in 2024 (273 in 5+ unit buildings).
Forward outlook
- In year one you build about $2k of equity ($2k loan paydown + $401 appreciation (0.2% local appreciation)).
Negotiation context
- It's been on market 34 days — a 3% lower offer ($218k) is reasonable based on typical stale-listing flexibility.
- 5 sale attempts since 11y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
Risks & watch-outs
- Watch-outs: HOA is 23% of rent.
- Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
- It's been on market 34 days. Have you received any prior offers? Is the seller open to a 44% concession, seller financing, or rate buy-down credit?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
- Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
- The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 0.79% ✗
- Cap rate
- 3.30%
- Cash-on-cash
- -10.68%
- DSCR
- 0.52
- GRM
- 10.5
CMA / ARV
- ARV (median comp)
- $250,000
- List price
- $225,000
- Delta
- -10.00%
- Verdict
- FAIR
- Comps
- 20 within 1.0 mi
Projected returns pro-forma
0.18% appreciation · 4.96% rent growth · sell at horizon
- IRR
- -12.1%
- Equity multiple
- 0.42×
- Total profit
- $-36,517
- Equity at exit
- $67,345
- IRR
- -4.1%
- Equity multiple
- 0.53×
- Total profit
- $-29,614
- Equity at exit
- $82,575
Cash invested: $63,000 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 55 Moderately Landlord-Leaning
- State Virginia
- 55 Moderately Landlord-Leaning · D+2
- County
- — inherits STATE
- City
- — inherits STATE
ZIP-level market 23510
- Home prices YoY
- 0.1%
- Rents YoY
- 5.0%
- Active inventory
- 44
- Price-to-rent
- 10.5×
Monthly cashflow live
- Estimated rent
- $1,786 high interval (Pro) →
- Mortgage (P&I)
- −$1,180
- Tax from tax record
- −$289 /mo · $3,474/yr
- Insurance
- −$94
- HOA
- −$408
- Vacancy / Maint / Mgmt
- −$375
- Net cashflow
- $-561
Break-even live
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $56,250
- Closing costs
- $6,750
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 415 Saint Pauls Blvd Norfolk, VA | 2.0 | 2.0 | 1185 | $2,348 | $1.98 | 12d | 4 | 0.02mi |
| 415 Saint Pauls Blvd Norfolk, VA | 1.0–2.0 | 2.0 | 1186 | $1,750 | $1.48 | 4d | 3 | 0.02mi |
| 444 E Freemason St Unit 1B Norfolk, VA | 1.0 | 1.0 | 864 | $1,700 | $1.97 | 17d | 1 | 0.08mi |
| 426 Granby St Unit 2B Norfolk, VA | 2.0 | 1.5 | 1100 | $1,895 | $1.72 | 23d | 1 | 0.30mi |
| 426 Granby St Unit 2B Norfolk, VA | 2.0 | 1.5 | 1100 | $2,000 | $1.82 | 43d | 1 | 0.30mi |
| 321 E Main St Norfolk, VA | 3.0 | 1.0–2.0 | 1147 | $2,766 | $2.41 | 2d | 15 | 0.35mi |
| 645 Church St Norfolk, VA | 1.0–3.0 | 1.0–2.0 | 881 | $1,140 | $1.29 | 7d | 1 | 0.36mi |
| 219 Granby St #20 Norfolk, VA | 2.0 | 2.0 | 1233 | $2,050 | $1.66 | 7d | 1 | 0.36mi |
| 388 Boush St Norfolk, VA | 2.0 | 2.0 | 1057 | $1,895 | $1.79 | 21d | 2 | 0.36mi |
| 388 Boush St Norfolk, VA | 2.0 | 2.0 | 1057 | $2,070 | $1.96 | 2d | 2 | 0.36mi |
| 200 College Pl Norfolk, VA | 1.0–3.0 | 1.0–2.0 | 1047 | $1,847 | $1.76 | 2d | 12 | 0.43mi |
| 229 W Bute St Norfolk, VA | 1.0 | 1.0 | 573 | $1,889 | $3.30 | 3d | 4 | 0.45mi |
| 740 Duke St Norfolk, VA | 1.0 | 1.0 | 701 | $1,675 | $2.39 | 43d | 1 | 0.58mi |
| 500 Botetourt St Norfolk, VA | 1.0–2.0 | 1.0–2.0 | 650 | $1,400 | $2.15 | 2d | 3 | 0.66mi |
| 330 W Brambleton Ave Norfolk, VA | 2.0 | 1.0–2.0 | 744 | $1,525 | $2.05 | 3d | 1 | 0.68mi |
| 1110 Chapel St Unit 6 Norfolk, VA | 2.0 | 1.0 | 1000 | $1,200 | $1.20 | 43d | 1 | 0.71mi |
| 100 Westover Ave Norfolk, VA | 2.0 | 2.0 | 1248 | $2,062 | $1.65 | 43d | 1 | 0.77mi |
| 200 Drummond Pl Unit b2 Norfolk, VA | 2.0 | 1.0 | 1000 | $1,695 | $1.70 | 44d | 1 | 0.78mi |
| 200 Drummond Pl Norfolk, VA | 1.0–2.0 | 1.0 | 975 | $1,695 | $1.74 | 23d | 4 | 0.78mi |
| 408 Mowbray Arch Unit 3 Norfolk, VA | 1.0 | 1.0 | 780 | $1,460 | $1.87 | 43d | 1 | 0.79mi |
| 119 E Princess Anne Rd Unit 206 Norfolk, VA | 1.0 | 1.0 | 760 | $1,950 | $2.57 | 16d | 1 | 0.80mi |
| 119 E Princess Anne Rd Unit 305 Norfolk, VA | 2.0 | 2.0 | 1024 | $2,325 | $2.27 | 17d | 1 | 0.80mi |
| 119 E Princess Anne Rd Unit 205 Norfolk, VA | 2.0 | 2.0 | 1024 | $2,375 | $2.32 | 16d | 1 | 0.80mi |
| 400 Fairfax Ave Norfolk, VA | 2.0 | 1.0 | 1200 | $2,100 | $1.75 | 43d | 1 | 0.83mi |
| 407 Fairfax Ave Unit 201 Norfolk, VA | 1.0 | 1.0 | 800 | $1,300 | $1.62 | 20d | 1 | 0.83mi |
| 407 Fairfax Ave Unit 201 Norfolk, VA | 1.0 | 1.0 | 800 | $1,300 | $1.62 | 23d | 1 | 0.83mi |
| 407 Fairfax Ave Unit 103 Norfolk, VA | 2.0 | 1.0 | 975 | $1,450 | $1.49 | 3d | 1 | 0.84mi |
| 348 Llewellyn Mews Norfolk, VA | 2.0 | 2.0 | 1420 | $2,095 | $1.48 | 23d | 1 | 0.89mi |
| 405 Clifton St Unit A Norfolk, VA | 2.0 | 2.0 | 787 | $1,245 | $1.58 | 17d | 1 | 0.92mi |
| 405 Clifton St Unit A Norfolk, VA | 2.0 | 1.0 | 700 | $1,245 | $1.78 | 23d | 1 | 0.92mi |
| 1400 Granby St #119 Norfolk, VA | 2.0 | 2.0 | 1224 | $1,895 | $1.55 | 43d | 1 | 0.95mi |
| 533 Front St Apt 329 Norfolk, VA | 2.0 | 2.0 | 1105 | $3,300 | $2.99 | 19d | 1 | 0.97mi |
| 533 Front St Norfolk, VA | 1.0 | 1.0 | 813 | $1,825 | $2.24 | 43d | 1 | 0.97mi |
| 742 Lexington St Unit A Norfolk, VA | 2.0 | 1.0 | 780 | $1,100 | $1.41 | 20d | 1 | 1.02mi |
| 819 Colonial Ave Norfolk, VA | 1.0–3.0 | 1.0–2.0 | 1092 | $1,700 | $1.56 | 2d | 11 | 1.03mi |
| 464 Westover Mews Norfolk, VA | 2.0 | 1.5 | 1316 | $2,200 | $1.67 | 43d | 1 | 1.04mi |
| 758 Fremont St Norfolk, VA | 2.0 | 1.0 | 852 | $995 | $1.17 | 7d | 1 | 1.07mi |
| 754 Fremont St Norfolk, VA | 2.0 | 1.0 | 852 | $995 | $1.17 | 3d | 1 | 1.07mi |
| 359 Middle St Portsmouth, VA | 1.0 | 1.0 | 700 | $1,150 | $1.64 | 43d | 1 | 1.09mi |
| 303 North St #2 Portsmouth, VA | 1.0 | 1.0 | 800 | $1,224 | $1.53 | 14d | 1 | 1.11mi |
HOA detail condo
- Monthly dues
- $408 · $4,896/yr
- Likely covers
- watersewertrashgassecurity
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 30 events
-
2026-06-18days on market $225,000 Active 34 DOM
-
2026-06-17days on market $225,000 Active 33 DOM
-
2026-06-16days on market $225,000 Active 32 DOM
-
2026-06-15days on market $225,000 Active 31 DOM
-
2026-06-13days on market $225,000 Active 29 DOM
-
2026-06-09days on market $225,000 Active 25 DOM
-
2026-06-08days on market $225,000 Active 24 DOM
-
2026-06-07days on market $225,000 Active 23 DOM
-
2026-06-03days on market $225,000 Active 19 DOM
-
2026-06-02days on market $225,000 Active 18 DOM
-
2026-06-01days on market $225,000 Active 17 DOM
-
2026-05-31days on market $225,000 Active 16 DOM
-
2026-05-15$225,000 Active 966-char remark
-
2025-07-02soldstatus $219,900
-
2025-06-30soldstatus $219,900 Sold 828-char remark
Show marketing remark (828 chars)
AMAZING DOWNTOWN CONDOMINIUM WITH A VERY OPEN FLOOR PLAN! LARGE OPEN LIVING ROOM WITH GAS FP, KITCHEN BOASTS ALL SS APPLIANCES WITH LOTS OF CABINETS AND A PERFECT BREAKFAST NOOK BAR AREA FOR ENTERTAINING. OVERSIZE BEDROOM SUITE IS ENHANCED BY A LARGE WALK-IN CLOSET & RESTORATION BATH. THE UTILITY ROOM IS ALSO LARGE AND INCLUDES THE WASHER & DRYER. ONE (1) RESERVED, ONE (1) COVERED CARPORT FOR A TOTAL OF TWO (2) PARKING, AS WELL AS STREET PARKING AVAILABLE. LOCATED BEHIND THE MALL AND IN NEAR TO SHOPPING, RESTAURANTS AND ACTIVITIES DOWNTOWN. HAS A LARGE WALK-IN ATTIC FOR STORAGE. NEW CARPETING! CONDO FEE INCLUDES-WATER, SEWER, GROUND MAINT, SECURITY, TRASH PU. THIS VERY WELL MAINTAINED CONDO IS MOVE-IN READY! COME TOUR TODAY! ATTN: INVESTORS, PROPERTY HAS A STRONG RENTAL HISTORY SINCE SELLER PURCHASED IN 2016.
-
2025-04-28status Under Contract 828-char remark
Show marketing remark (828 chars)
AMAZING DOWNTOWN CONDOMINIUM WITH A VERY OPEN FLOOR PLAN! LARGE OPEN LIVING ROOM WITH GAS FP, KITCHEN BOASTS ALL SS APPLIANCES WITH LOTS OF CABINETS AND A PERFECT BREAKFAST NOOK BAR AREA FOR ENTERTAINING. OVERSIZE BEDROOM SUITE IS ENHANCED BY A LARGE WALK-IN CLOSET & RESTORATION BATH. THE UTILITY ROOM IS ALSO LARGE AND INCLUDES THE WASHER & DRYER. ONE (1) RESERVED, ONE (1) COVERED CARPORT FOR A TOTAL OF TWO (2) PARKING, AS WELL AS STREET PARKING AVAILABLE. LOCATED BEHIND THE MALL AND IN NEAR TO SHOPPING, RESTAURANTS AND ACTIVITIES DOWNTOWN. HAS A LARGE WALK-IN ATTIC FOR STORAGE. NEW CARPETING! CONDO FEE INCLUDES-WATER, SEWER, GROUND MAINT, SECURITY, TRASH PU. THIS VERY WELL MAINTAINED CONDO IS MOVE-IN READY! COME TOUR TODAY! ATTN: INVESTORS, PROPERTY HAS A STRONG RENTAL HISTORY SINCE SELLER PURCHASED IN 2016.
-
2025-03-19$219,900 Active 828-char remark
Show marketing remark (828 chars)
AMAZING DOWNTOWN CONDOMINIUM WITH A VERY OPEN FLOOR PLAN! LARGE OPEN LIVING ROOM WITH GAS FP, KITCHEN BOASTS ALL SS APPLIANCES WITH LOTS OF CABINETS AND A PERFECT BREAKFAST NOOK BAR AREA FOR ENTERTAINING. OVERSIZE BEDROOM SUITE IS ENHANCED BY A LARGE WALK-IN CLOSET & RESTORATION BATH. THE UTILITY ROOM IS ALSO LARGE AND INCLUDES THE WASHER & DRYER. ONE (1) RESERVED, ONE (1) COVERED CARPORT FOR A TOTAL OF TWO (2) PARKING, AS WELL AS STREET PARKING AVAILABLE. LOCATED BEHIND THE MALL AND IN NEAR TO SHOPPING, RESTAURANTS AND ACTIVITIES DOWNTOWN. HAS A LARGE WALK-IN ATTIC FOR STORAGE. NEW CARPETING! CONDO FEE INCLUDES-WATER, SEWER, GROUND MAINT, SECURITY, TRASH PU. THIS VERY WELL MAINTAINED CONDO IS MOVE-IN READY! COME TOUR TODAY! ATTN: INVESTORS, PROPERTY HAS A STRONG RENTAL HISTORY SINCE SELLER PURCHASED IN 2016.
-
2017-03-09price $146,000
-
2017-03-06soldstatus $146,000
-
2017-02-23status Under Contract
-
2016-11-29price $152,500
-
2016-08-15$155,000 Active
-
2016-04-12historical
-
2016-01-06price $157,500
-
2015-11-25price $159,990
-
2015-10-13price $162,900
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2015-08-05price $169,900
-
2015-08-05status Active
-
2015-07-28historical
-
2015-07-20$162,900 Active
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast VA · Resets to sale price
- Current annual tax
- $3,474 · $289/mo
- Projected year-2 tax
- $3,474 · $289/mo
- Expected delta
- $0/yr ($0/mo · 0.0%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 4/10 Moderate FEMA zone X (unshaded) · 13% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 9/10 Extreme 7 d/yr ≥106°F today · 16 d/yr by 30 yrs out
- Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
- Air quality 5/10 Major 6 unhealthy d/yr today · 7 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $21,427
- − Mortgage interest
- −$12,603
- − Property taxes
- −$3,474
- − Insurance
- −$1,125
- − Repairs & maintenance
- −$1,714
- − Management
- −$1,714
- − HOA
- −$4,896
- − Depreciation
- −$6,545
- Taxable loss
- −$10,645
- Est. tax savings @ 24.0%
- +$2,555
- After-tax cash flow
- $-4,171/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Schools (NCES district)
- District
- Norfolk City Public School District
- NCES district ID
- 5102670
- Math proficiency
- 27% ▼ -44.00%
- Reading proficiency
- 56% ▼ -10.00%
- Median HH income
- $44,358
- Composite
- 35.08/100
- National rank
- #5026
- State rank
- #118 of 131 in VA
Livability — Norfolk
- Score
- 83/100
- State rank
- #43
- US rank
- #1026
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Norfolk, VA
- County
- Norfolk City · 214,042 people
- City population
- 214,042
- Metro
- Virginia Beach-Norfolk-Newport News, VA-NC
- Population (ZIP)
- 9,190
- Household income
- $73,524
- Rent vs Own
- Severe rent burden
- 803.0
Population outlook (Norfolk County) Hauer SSP2
- Today (2025)
- 249,032 people
- By 2030
- 252,347 · +1.3%
- By 2040
- 253,644 · +1.9%
- By 2050
- 251,913 · +1.2%
- By 2075
- 245,281 · -1.5%
- By 2100
- 219,548 · -11.8%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Diverse neighborhood (Simpson 0.65)
- Race & ethnicity
- White 45% Black 38% Two or more races 8% Hispanic / Latino 7% Asian 5%
- Hispanic origin (detail)
- Mexican 3%
- Common ancestry
- Lithuanian 3% Slovak 2% Scotch-Irish 2%
- Foreign-born
- 11% · Canada
- Languages at home
- 88% English-only · Spanish 6% Other Indo-European 2% French/Haitian/Cajun 1%
Political lean MEDSL · Norfolk
- 2024 margin
- Solid D (+41.5) · D 70.0% · R 28.5% · Other 1.6%
- 2008→2024 swing
- -1.4pp toward R · 2008: 43.0pp · 2024: 41.5pp
- All cycles
- 2024: D+41.5 2020: D+45.6 2016: D+42.0 2012: D+44.0 2008: D+43.0
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▲ 0.18%
- Current HPI
- 217.9574
- Rent YoY
- ▲ 4.96%
- Metro
- Virginia Beach-Norfolk-Newport News, VA-NC
- State GDP YoY
- ▲ 2.40%
- F500 in state
- 50
Industry mix (Fortune 500 HQ in VA)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Aerospace / Defense | 4 | $236B |
|
||
| Technology / Defense | 3 | $32B |
|
||
| Financial Services | 2 | $176B |
|
||
| Utilities | 2 | $27B |
|
||
| Insurance | 2 | $25B |
|
||
| Technology | 2 | $15B |
|
||
Price history
+38.1% since first listed18 events — show timeline
- 2026-05-15 Listed $225,000 REINMLS
- 2025-07-02 Sold (Public Records) $219,900 Public Records
- 2025-06-30 Sold (MLS) $219,900 REINMLS
- 2025-04-28 Pending — REINMLS
- 2025-03-19 Listed $219,900 REINMLS
- 2017-03-09 Price Changed $146,000 REINMLS
- 2017-03-06 Sold (Public Records) $146,000 Public Records
- 2017-02-23 Pending — REINMLS
- 2016-11-29 Price Changed $152,500 REINMLS
- 2016-08-15 Listed $155,000 REINMLS
- 2016-04-12 Listing Removed — REINMLS
- 2016-01-06 Price Changed $157,500 REINMLS
- 2015-11-25 Price Changed $159,990 REINMLS
- 2015-10-13 Price Changed $162,900 REINMLS
- 2015-08-05 Relisted — REINMLS
- 2015-08-05 Price Changed $169,900 REINMLS
- 2015-07-28 Listing Removed — REINMLS
- 2015-07-20 Listed $162,900 REINMLS
Property tax history
+2.7%/yrLatest (2025): $3,474 · +5.8% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…