Zip 23438 (Suffolk, VA) Housing

The housing market in 23438 Suffolk, VA is thriving with a median value of $299,900. This is significantly lower than the US median house value at $338,100 but despite the lower price tag, the 1 year house appreciation in 23438 Suffolk is 11.30%, which dwarves the 8.27% appreciation rate across the nation. This makes it an attractive and highly desirable area to live in as more and more homeowners find themselves able to make good returns on their investment.

The median home cost in Suffolk (zip 23438) is $299,900. Home appreciation the last 10 years has been 58.5%. Home Appreciation in Suffolk (zip 23438) is up 13.1%.

Average Age of Homes

- The median age of Suffolk (zip 23438) real estate is 43 years old

The Rental Market in Suffolk (zip 23438)

- Renters make up 16.0% of the Suffolk (zip 23438) population
- 3.7% of houses and apartments in Suffolk (zip 23438), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Suffolk, Virginia	United States
	705.0	139,647,020.0
	40	42
	$299,900	$338,100
	13.1%	16.6%
	42.0%	57.0%
	58.5%	101.1%
	$8.35	$10.98
	$2,106	$2,690
	84.5%	57.4%
	3.7%	11.2%
	11.8%	31.4%
Vacant Housing
	3.7%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	0.0%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	1.8%	2.4%
	0.8%	2.8%
	0.0%	3.9%
	1.3%	4.5%
	4.0%	11.3%
	23.2%	13.0%
	26.5%	20.1%
	32.0%	13.6%
	1.5%	8.3%
	3.7%	9.7%
	5.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	11.9%	13.6%
	11.9%	13.6%
	16.5%	13.6%
	10.8%	13.2%
	8.7%	14.8%
	16.5%	13.6%
	8.4%	10.0%
	4.3%	4.7%
	14.8%	12.2%

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