The story of this market
The typical home in Suffolk, Virginia sells for about $380,000, or $203 per square foot.
Prices are down 1.21% from a year ago, which gives buyers more room to negotiate. Homes take about 39 days to sell. HUD's fair market rent for a two-bedroom is $2,500 a month.
Monthly price momentum
Home values since 2015
+2.6%
VA · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Suffolk, Virginia
The Suffolk housing market shows resilience with a median sale price of $380,000, supported by steady demand from families and professionals. While year-over-year prices have seen a slight adjustment, the market remains active with a low supply of inventory. Growth in the logistics and defense sectors continues to drive long-term interest in the area.
No ARED county foreclosure postings attributed to Suffolk yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 6 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 2.4% year over year.
Homes spend a median of 122 days on market with 0.3 months of supply — a balanced-paced market.
1% of listings have cut prices · homes sell at 8.3% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.0% · poverty 9.8% — a stable, low-distress profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A massive protected area offering hiking, birdwatching, and boating, serving as a major ecological and recreational anchor for the region.
A primary commercial hub featuring a wide array of national retailers, restaurants, and entertainment options, driving significant local economic activity.
A multi-use trail that provides residents with scenic outdoor recreation and connectivity between various parts of the city.
A vital waterway that supports recreational boating and fishing while defining much of the city's geography and residential appeal.
Suffolk is an ideal fit for family buyers seeking a balance of suburban space and access to regional employment hubs. It also attracts commuters who work in the broader Hampton Roads area but prefer a more residential, community-focused environment. Investors find value in the city's steady growth and diverse housing stock, ranging from historic downtown properties to modern master-planned communities.
Public education in Suffolk is primarily served by Suffolk Public Schools, which maintains a diverse portfolio of elementary, middle, and high schools. The district is actively working on curriculum enhancements and facility upgrades to improve student outcomes. Many families prioritize the city for its balance of educational access and extracurricular opportunities.
The city is served by major highway corridors including US-58 and US-460, which facilitate regional connectivity. While public transit options are limited, the road network is the primary mode of transportation for the majority of the workforce. Infrastructure projects are ongoing to improve traffic flow and regional access.
Suffolk offers a robust amenity base centered on its natural beauty, including the expansive Great Dismal Swamp National Wildlife Refuge and the Nansemond River. Residents enjoy extensive trail systems like the Suffolk Seaboard Coastline Trail and various community parks. The city also features a growing retail and dining scene, particularly in the Harbour View district.
The rental market in Suffolk is characterized by steady demand, with median rents reflecting the city's growing appeal to professionals and families. Vacancy rates remain relatively low, supported by the influx of workers in the logistics and defense sectors. Investors maintain a presence in the market, though short-term rental regulations are subject to local zoning ordinances.
Suffolk's economy is anchored by the logistics, manufacturing, and defense sectors, bolstered by its proximity to major ports and military installations. The city continues to see steady economic momentum through commercial development and corporate investment. The industry mix is diverse, providing a stable employment base for residents.
Suffolk serves as a major hub for logistics, manufacturing, and defense-related industries, benefiting from its strategic location in the Hampton Roads region. Significant infrastructure investments and the expansion of the Harbour View area continue to drive commercial and residential development. Major employers include regional healthcare systems and government contractors.
The city has a robust development pipeline focused on mixed-use projects and residential expansion in the Harbour View and northern sectors. Planning efforts prioritize sustainable growth and the integration of new infrastructure with existing community assets.
Parcels in Suffolk may be subject to various special service districts, including those for utility infrastructure and flood control. These districts are managed at the city level to ensure adequate service delivery to growing residential areas.
Suffolk experiences crime rates that are generally consistent with regional averages for the Hampton Roads area. Local law enforcement focuses on community-based policing to address property and violent crime trends. Residents are encouraged to utilize city-provided crime mapping tools for neighborhood-specific safety updates.
Suffolk faces moderate risks related to coastal flooding and storm surges, particularly in low-lying areas near the Nansemond River and the Great Dismal Swamp. Property owners are frequently advised to maintain adequate flood insurance coverage. The city participates in regional hazard mitigation planning to address wind and water-related climate risks.
Property insurance in Suffolk is influenced by the city's coastal geography and flood risk profiles. Premiums are generally competitive but reflect the necessity of flood coverage in designated zones. Market health remains stable with active participation from major national insurers.
The city of Suffolk operates under a real estate tax rate determined annually by the City Council, which is applied to the assessed value of all taxable property. Special service districts may exist for specific infrastructure or utility improvements in newer developments. Residents should consult the city's Commissioner of the Revenue for details on available tax relief programs for seniors and disabled veterans.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from data.census.gov; figures represent city-level place data.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.