Suffolk, VA

Population: 85,728
Average annual home appreciation rate: 5.99%
Total of homes for sale in this market: 667
Median home price: $242,153
Median Rent: $1,064 per room
Home price range: 34.02% of homes are between $200,001 – $300,000
Median sales price: NO DATA
Number of homes: 94
Median foreclosure sales price: NO DATA
Foreclosure discount: NO DATA
Most common home type: 77.69% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 8.63%
Number of renters: 27.45%
Number of owner occupied: 72.55%
Number people living below poverty level: 11.37%
Unemployment rate: 5.60%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Suffolk area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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