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    AI-Generated Neighborhood Summary

    Suffolk, VA 23432, is a part of Suffolk City, located in southeastern Virginia. Known for its rural charm and scenic landscapes, this area offers a blend of suburban and country living. The area is characterized by low to moderate crime rates compared to national averages, making it a relatively safe place to live. The school district, Suffolk Public Schools, generally receives moderate ratings, with some schools performing better than others. Amenities include easy access to local parks, such as Sleepy Hole Park, and multiple grocery stores and retail shopping centers. Tourist attractions in the area often highlight the natural beauty and historical sites, including the Great Dismal Swamp National Wildlife Refuge.

    The average household income in Suffolk, VA, is around the national average, with variations depending on specific neighborhoods. Nearby neighborhoods like Harbourview might have higher average incomes due to newer developments and amenities. Suffolk's economy is growing, with job opportunities in various sectors, including manufacturing, healthcare, and education. The city's proximity to Virginia's larger metropolitan areas, like Norfolk and Chesapeake, provides additional employment options and a reasonable commute.

    Suffolk is not far from more urbanized areas; the city center of Suffolk is easily accessible, offering a mix of rural and suburban infrastructure. The area has seen steady job growth in recent years, driven by local businesses and the expansion of nearby cities. With ongoing development and investments in infrastructure, Suffolk's economic outlook remains positive, making it an attractive option for potential homebuyers seeking a balance between rural tranquility and urban convenience.

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    StreetView
    Neighborhood Insights
    Key metrics about this location

    Neighborhood Summary

    Nestled in a serene locale with a median home price of $296,300, this neighborhood presents an intriguing profile for potential homebuyers and real estate professionals alike. The area boasts a median household income of $80,250, which is comfortably above the national average, reflecting a relatively affluent community. With a low poverty rate of 7%, this community exhibits economic stability, making it an attractive option for families and investors seeking secure environments. Its demographic composition is predominantly white, adding to its unique cultural landscape. However, only 17% of residents hold a college degree, which is considerably below the national average, possibly influencing local employment opportunities and income growth in specific sectors.

    A significant aspect of the neighborhood is its strong homeownership rate, with 83% of properties owned and only 5% rented, indicating a stable and committed residential base. Notably, 38% of homeowners hold properties free of mortgage, a testament to the financial resilience and long-term investment potential here. Despite this strength, 36% of residents with mortgages spend 30% or more of their income on housing, which is indicative of the financial pressure some homeowners might face. The vacancy rate stands at 12%, somewhat higher than the national average, suggesting opportunities for investment in the housing market, but also a potential indicator of mobility or turnover issues.

    The area's unemployment rate of 4% aligns closely with national figures, pointing to a relatively stable job market. However, the absence of public data on walk, bike scores, and crime index may require prospective residents to conduct additional research to ensure the neighborhood aligns with their lifestyle and safety priorities. The community's social fabric is supported by a high percentage of married-couple families at 62%, bolstering its image as a family-friendly area.

    Given the neighborhood's appealing financial metrics, those seeking more favorable educational or cultural diversity metrics might consider exploring nearby communities. Alternatives with similar price points but potentially higher educational attainment and diverse racial representation could offer a different living experience. Overall, this neighborhood presents a strong case for investment for those prioritizing economic stability, low poverty, and high homeownership rates, though individual lifestyle preferences and values should guide final decisions.

    Median Home Price

    $296,300

    Walk Score

    -

    Bike Score

    -

    Median Household Income

    $80,250
    Nat'l Avg: $69,021

    Percent Under Poverty

    7%
    Nat'l Avg: 12%

    Median Contract Rent

    $NaN
    Nat'l Avg: $988

    Owners vs Renters

    83% / 5%
    Nat'l Avg: 57% / 31%

    Vacant Housing Units

    12%
    Nat'l Avg: 11%

    Unemployment Rate

    4%
    Nat'l Avg: 3%

    College Degree

    17%
    Nat'l Avg: 21%

    Dominant Race

    White
    Nat'l Avg: 68%

    Married-Couple Families

    62%
    Nat'l Avg: 48%

    Owners Without Morgages

    38%
    Nat'l Avg: 38%

    Mortgage ≥ 30% Income

    36%
    Nat'l Avg: 27%

    Rent ≥ 30% Income

    N/A
    Nat'l Avg: 46%

    Non-US Citizens

    0%
    Nat'l Avg: 7%
    Location Map
    Overview of the neighborhood
    Nearby Places
    Essential locations and points of interest in the area

    Sleepy Hole Park

    3 miles

    Sentara Obici Hospital

    11 miles

    Food Lion

    6 miles

    Vintage Tavern

    5 miles

    Suffolk Family YMCA

    10 miles

    Norfolk International Airport

    30 miles

    Oakland Elementary School

    4 miles

    Suffolk Seaboard Station Railroad Museum

    12 miles

    Suffolk Fire & Rescue Station 5

    5 miles

    Suffolk Transit Center

    12 miles

    Neighborhood Assessment
    Key advantages and considerations for this area

    Dynamic Insights

    In February 2025, the median sale price of homes in the 23432 zip code was $480,000, marking a 32.4% increase from the previous year.
    The average home value in 23432 reached $433,333 by November 2024, reflecting a 4.0% annual growth.
    Suffolk's median household income rose to $87,758 in 2022, a 7.17% increase from the prior year.
    The population of Suffolk grew by 1.7% between 2021 and 2022, reaching 94,856 residents. These trends indicate a robust real estate market and economic growth in the 23432 area.

    Custom Narratives

    The median sale price of homes in Suffolk, VA 23432 reached $480,000 in February 2025, marking a 32.4% increase from the previous year.
    The median sale price per square foot in the area rose to $218, reflecting a 4.8% year-over-year growth.
    The median household income in Suffolk was $87,758 in 2022, with a 7.17% increase from the previous year.
    The population of Suffolk grew by 1.7% between 2021 and 2022, reaching 94,856 residents, with a median age of 38.5 years. These insights highlight the dynamic real estate market and evolving community demographics in Suffolk, VA 23432.

    Green Flags

    Scenic countryside and natural beauty
    Rich history and cultural heritage
    Family-friendly community atmosphere
    Proximity to coastal activities and attractions

    Red Flags

    Limited nightlife and entertainment options.
    Potential for hurricanes and severe weather.
    Limited public transportation infrastructure.
    Possible traffic congestion during peak hours.
    Flood Risk Assessment
    FEMA flood zone information and historical flooding data

    Flood Zone

    Flood zone information is not available for this property at this time.

    Historical Flooding

    Historical flood damage records are not available for this property.

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