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Suffolk

Learn about the people, housing, costs and businesses in Suffolk County

Median Home$339,869
Median Rent$1,664/month
Population98,796
Leading IndustriesHealthcare · Arts, Food & Hospitality · Education13% healthcare
Home Value Growth⬆⬆+20.1% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners71% of occupied units
NotableVeteran Community15% of residents · top 2% nationally
NotableHigh Incomes$97k/year · top 8% nationally
Suffolk City
VA

Frequently Asked Questions

What are today's mortgage rates in Suffolk?

As of today, the 30-year fixed mortgage rate for Suffolk is approximately 6.985% (7.011% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Suffolk?

The median home value in Suffolk is $340k. The median monthly rent is $1,664. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Suffolk?

Home values in Suffolk have increased 20.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Suffolk?

Based on a typical all-in ownership cost of $1,776/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $76k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Suffolk is $97k/year.

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What industries drive the economy in Suffolk?

The largest employment sectors in Suffolk are public administration (24%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas