October's First-Time Homebuyer Report for Suffolk City

Suffolk City has one of the fastest growing populations in Virginia with a 32.8% increase over the last 10 years. Despite being ranked fifth for growth, it's currently only ranked 22nd in terms of total population with 84,585 residents. 23434, 23323, and 23435 are the three largest zip codes in terms of population. Suffolk City is made up of homes that are of moderate age with a median of 21 years. The best school in the county is Moyock Elementary School.

Culture

If you are interested in the top stores to shop in Suffolk City, Foursquare says that Walmart Supercenter, Farm Fresh, and Walgreens are the most popular places to buy a few things. If you're looking to explore the outdoors, some favorite spots are Bennetts Creek Park and YMCA. And finally, The Suffolk Center of Cultural Arts and Suffolk Seaboard Station Museum are frequently visited spots for entertainment.

Price Range

The median value of homes in Suffolk City is $199,000, making it one of the most valuable areas in Virginia. At the same time, the average list price of available homes is presently $268,069.

Make sure you take a look at these eye-catching homes in Suffolk City that generated the most views from potential buyers:

$290K   $220K   $220K  

Typical Dwelling

A four-bedroom detached home valued around $293,641 is considered a typical dwelling in Suffolk City. If a buyer was looking for a similar home, they would need good credit and a $58,728 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,193 and the property tax rate is $9.23 per $1,000 of taxable assessed value.

Get started right now by checking out Suffolk City homes for sale or reviewing Suffolk City real estate trends.


Data reported through 10/13/2016

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