Market Overview
Home Prices in Suffolk, VA
The median home value in Suffolk, VA is $392,538 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.3% compared to a year ago and up 2.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Suffolk are priced4% below average. Suffolk is part of the Virginia Beach-Norfolk-Newport News, VA-NC metro area.
Over the past five years, Suffolk home values have risen by approximately27.8%, reflecting strong long-term appreciation in this market.
Price History
Suffolk Home Price Trend
City Comparison
Suffolk vs. National Median
At $392,538, homes in Suffolk cost 4% below the national median of $410,000. This makes Suffolk a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Suffolk?
20% Down Payment
$78,508
on $392,538
Monthly P&I
$2,047/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,600/mo
incl. taxes & insurance
Income Needed
$104,000
gross annual (30% rule)
10% Down Option
$39,254
+ PMI applies
Loan Amount (20% dn)
$314,030
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Suffolk, VA?
The median home value in Suffolk is $392,538 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.3% year-over-year.
How much have home prices changed in Suffolk?
Over the past year, home values in Suffolk have increased by 2.3%. Over five years, prices have risen approximately 27.8%.
How much do I need to earn to buy a home in Suffolk?
To comfortably afford the median home price of $392,538 with a 20% down payment ($78,508) at today's rates (6.8%), you'd need a gross annual income of approximately $104,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Suffolk compare to the national average home price?
The national median home value is approximately $410,000. At $392,538, homes in Suffolk are 4% below the national average.
What metro area is Suffolk part of?
Suffolk is part of the Virginia Beach-Norfolk-Newport News, VA-NC metropolitan area. Home prices and market conditions can vary across the broader metro region.