One of the most popular types of VA real estate are single family homes for sale in Norfolk VA! Located in the heart of Hampton Roads, Norfolk, VA, is the second largest city of the 7 cities VA. It is known for its rich history, beautiful downtown, strong culture, and the Elizabeth River and Atlantic Ocean!
The real estate market in Norfolk is as dynamic as the city itself, particularly when it comes to single-family homes for sale. Norfolk’s location, excellent schools, and the employment opportunities make it one of the best place to live and invest in VA real estate.
Active Listings of Single Family Homes for Sale Norfolk, VA MLS
On real estate information network (REIN) you can view listing photos, review sales history, and use detailed real estate filters to find the perfect place.
Cheap Houses for sale in Norfolk Virginia
Norfolk, Virginia, is a vibrant city with a dynamic real estate market that offers opportunities for low budgets. In July 2023, there are numerous affordable single homes for sale in Norfolk VA, making it a great location for first-time buyers or investors.
On any give day the average of cheap houses for sale in Norfolk is right under 100! There are 88 cheap houses and apartments for sale priced under $250,000.
Single Family Homes for Sale in Norfolk VA
Single-family homes in Norfolk come in all shapes sizes, and of architectural styles, From charming bungalows and Cape Cods in the historic districts to more modern and new builds in the developing neighborhoods. Whether you’re looking for a cozy starter home or a spacious property for a growing family, Norfolk’s real estate market has something for everyone.
Norfolk’s diverse neighborhoods each offer unique benefits. Areas like Ghent and Larchmont-Edgewater are known for their historic charm. And on the other side of the block the new construction developments offer big luxury homes with modern and luxurious features.
As of now, there are hundreds of active listings for single-family homes for sale in Norfolk VA. The prices for these homes range from around $65,000 to over a million dollars, catering to a all types of budgets.
Neighrbohood Guides For Homes for sale in Norfolk
Norfolk is also has natural beauty along the coast line. It is situated on the Chesapeake Bay, on the Atantic Ocean. This provides residents and visitors with waterfront homes for sale in Norfolk VA, stunning views, and plenty of beach access. Norfolk has more than 144 miles of beachfront and the city parks have 7000 acres of green and open spaces.
Here is our quick guide to some of the Neighbors in Norfolk VA
Best neighborhoods in Norfolk Virginia.
- Downtown Norfolk: The heart of Norfolk, Downtown, is a bustling urban center filled with shopping, dining, entertainment, and arts venues. It’s also home to the Waterside District, a lively waterfront area with restaurants, live music, and events.
- Ghent: A historic district known for its charming early 20th-century homes, local boutiques, art studios, and unique eateries. Ghent is often described as Norfolk’s most bohemian neighborhood.
- Freemason Historic District: This district is one of the oldest and most historic in Norfolk, with beautifully preserved buildings and cobblestone streets.
- Granby District: A vibrant area known for its nightlife, with numerous bars, clubs, and restaurants. It’s also home to the iconic Granby Street.
- St. Paul’s Neighborhood: An area undergoing significant redevelopment, St. Paul’s Neighborhood is set to become a vibrant, mixed-income, mixed-use community.
- Historic Ghent: Known for its historic houses, tree-lined streets, and friendly community vibe. It’s also home to the popular Ghent Business District.
- East Beach: A prestigious neighborhood located on the Chesapeake Bay, East Beach offers luxury living with a small-town feel.
- Larchmont/Edgewater: A residential neighborhood known for its beautiful historic homes and high-quality schools.
- Ocean View: Offering three miles of beaches along the Chesapeake Bay, Ocean View is a favorite among locals. Many people that grew up in Ocean View end up staying their whole lives.
Homes Under $100 000 in Norfolk | Investing in Norfolk Real estate
There are several options for homes under $100,000 in Norfolk, Virginia. As for whether Norfolk is a good place to invest in real estate, it is considered one of the best areas for real estate investing in Virginia thanks to its desirable location, diverse population, and thriving economy.
You may have more options if you look for condos in Norfolk under 100,000. Many neighborhoods like Norfolk VA 23518, Ocean View, and even downtown may have a few options for you to find the perfect dream home for sale in Norfolk VA.
Reasons to Invest in Norfolk VA Real Estate
- Strong Economy: Norfolk has an excellent economy. Which is a driving factor for real estate investment. With the strong economic stability Norfolk has it leads to a steady housing demand, making Norfolk an ideal location for investors.
- Military Presence: The city has a strong military presence, including the largest naval base in the world. This ensures a constant flow of renters and potential homebuyers, providing a steady market for rental and sale properties.
- Thriving Tourism Industry: Norfolk attracts visitors with its rich history, beautiful waterfront, and vibrant art scene and international airport. This thriving tourism industry can lead to opportunities for short-term rental opportunity. There are so many things to do in Norfolk VA!
- Numerous Job Opportunities: Norfolk offers numerous job opportunities in many sectors. Including healthcare, education, and local government. This diverse job market attracts a steady stream of new residents, increasing the demand for housing.
- Potential for High Returns: According to a study by Owners.com, Norfolk is currently one of the best places for residential real estate investment. The real estate market in the city is dynamic and offers potential for high returns.
- Norfolk Property Options: From single-family homes in Norfolk to multi-unit apartments and commercial properties, Norfolk offers a wide range of home options. There are also opportunities to invest in wholesale real estate deals.
- Community of Real Estate Investors: Norfolk has a vibrant community of real estate investors. Joining local real estate investor associations can provide networking opportunities, educational resources, and support.
Ready to Purchase a Home in Norfolk?
Are you ready to buy your dream home in Norfolk? Have you gone through our 10 steps to buy a home in Virginia? Or what about our first time home buyers guide? Our agents are continuously working to stay up with latest market trends to get you the best price whether you are buying or selling in Norfolk!
We also have information on FHA VS VA Loans too if you coming to norfolk for the military or new to mortgage loans!
Ready to Start your Search? Contact one of our listing or buyers agent in Virginia!
Homes under 250000 4 Bedroom House For Sale in Norfolk VA
Waterfront homes for sale in Norfolk VA
Luxury homes for sale in Norfolk VA
Is Norfolk VA a good place to invest in real estate?
Yes! Norfolk VA is a good place to invest in real estate for several reasons: strong economy, military presence, thriving tourism industry, job opportunities, high returns competitive housing market, potential for rental investments.
Is Norfolk Virginia a Good Place to Live?
Yes! Norfolk is a good place to live! Norfolk is the third most populous in Virginia with about 238,005 residents and is particularly loved by those who enjoy being near the water. Known for its large Naval base, beautiful beaches, and appreciation for the arts, Norfolk is a great place to consider settling down.
Residents often highlight the nice places in Norfolk, like Waterside, where you can relax and have a good time with family and friends. The cost of living in Norfolk is also lower than the Virginia and U.S. averages, making it affordable place to live for growing families.
What is the Oldest House in Norfolk VA?
The oldest house in Norfolk, Virginia is believed to be a colonial home built in 1672. This historic estate encompasses 33 acres and features lake views, a pool, a tennis court, alongside the main house.
However, there are several other historic homes in Norfolk that are worth mentioning. The Boush-Tazewell House, built around 1783-1784, is a two-story Georgian frame house. The Taylor-Whittle House, which is 231 years old, has sat vacant for more than a decade but is now being brought back to life.
These homes represent a piece of Norfolk’s rich history and serve as a testament to the city’s long-standing architectural legacy.
