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