Suffolk, Virginia.
Typical home $386,848 (+2.8% in a year), asking rent $2,028 (+6.8%). Virginia Beach-Norfolk-Newport News, VA-NC metro.
to buy the typical home at today's mortgage rate — +$1,097 (+117%) since Jan 2020.
- 1 year
- Up $10,464 +3%
- $376,384$386,848 since Sep 2025
- 5 years
- Up $81,636 +27%
- $305,213$386,848 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Suffolk$2,030
- Virginia$2,164
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 15 years.
Typical home values in Suffolk, VA rose 2.8% over the past year — faster than the nation's +1.2%.
Asking rents in Suffolk, VA rose 6.8% over the past year — faster than the nation's +2.7%.
Owning the typical home in Suffolk runs $716/mo more than renting one. The gap peaked at $929 in Nov 2023.
That is $2,744 a month against $2,028 rent: a $2,030 mortgage payment, plus $300 property tax and $414 insurance & upkeep.
Owning vs renting — Suffolk
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$2,744
- Renting$2,028
- Mortgage only$2,030
Property tax · $300/mo 0.93% of value a year — the ACS 2020-2024 median bill over the median home value for Suffolk City, VA
Insurance & upkeep · $414/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Suffolk, Virginia
Suffolk is a city of 94,324 people in Suffolk city. Half its households earn more than $92,666 a year and half less, against $92,666 across Suffolk city; 9% of its people live below the poverty line. 71% of its homes are lived in by their owners and 29% are rented. Unemployment in Suffolk was 3.8% in August 2026, and Suffolk city had 22.0% more jobs in 2025 than the year before. The most residents work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Suffolk is a city of Virginia's Hampton Roads region, and it is large enough that many of its residents are spread across a mix of neighborhoods rather than a single downtown. Most homes are lived in by their owners, and household incomes are healthy, with a typical household earning well above what is common across the country. Winters are cool and mostly mild, with only a little snow, and summers turn hot, with plenty of rain and melted snow through the year.
Work. Many residents work in schools, hospitals and social care, followed by professional and business services, manufacturing and shops. Among the largest workplaces in Suffolk are Amazon, Suffolk City Public Schools and Sentara Obici Hospital. Jobs in the city have grown strongly over the past year, and the typical commute is a fairly long one, with some people working from home.
Things to do. For time outdoors, Nansemond National Wildlife Refuge is a protected area a short drive away. A longer drive brings you to Great Dismal Swamp National Wildlife Refuge, another protected area, and to the Chrysler Museum of Art if you prefer a day indoors. The James River is also a longer drive away.
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- 37,908households
- 33%of adults have a degree
- 9%below the poverty line
- 30 mintypical commute
- 11%work from home
What residents work in
Employed residents by industry, from the Census survey. Suffolk city had 44,427 jobs in 2025, 22.0% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 49° and lows near 31°; warmest in July, with highs near 87° and lows near 70°. About 6 inches of snow and 52 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Suffolk Lake Kilby weather station, 3 miles away (NOAA).
Largest workplaces in Suffolk
- AmazonGeneral warehousing and storage4,226
- Suffolk City Public SchoolsSchool district2,279FTE
- TargetDiscount department stores1,660
- Sentara Obici HospitalGeneral hospital1,195FTE
- QVC SuffolkGeneral warehousing and storage644
- Kellermeyer Bergensons ServicesJanitorial services404
- Massimo-ZanettiCoffee, blended, manufacturing398
- WalmartWarehouse clubs and supercenters357
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 65 workplaces with 20 or more staff, 14,283 people in all. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Winter weatherRelatively high
- HurricanesRelatively moderate
- Strong windRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Suffolk’s census tracts, against the rest of the country; all of them together, very low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Suffolk city and the Virginia Beach-Norfolk-Newport News, VA-NC metro.
Suffolk home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Suffolk$386,848
- Virginia$412,252
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 4 Suffolk listings, and the typical home goes pending in 39 days — the market is heating up.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Suffolk28.49%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Suffolk39
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Suffolk479
New listings per month
Sellers arriving at the market.
- Suffolk130
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Suffolk$392,238
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Suffolk99.54%
Zip codes with a Suffolk address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Suffolk — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Suffolk
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 23434 | Suffolk | 54,387 | $1,846 | $340,849 |
| 23435 | Suffolk | 33,721 | $2,421 | $450,320 |
| 23437 | Suffolk | 5,023 | — | $349,881 |
| 23438 | Suffolk | 1,749 | — | $356,680 |
| 23433 | Suffolk | 1,391 | — | $558,814 |
| 23432 | Suffolk | 1,180 | — | $457,291 |
| 23436 | Suffolk | 882 | — | $518,837 |