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Foreclosure Homes in Suffolk, VA 23434

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Suffolk, VA Foreclosures

How much do homes sell for in Suffolk, VA?
The average home price is currently $430,772.
In Suffolk, VA, how many homes are available?
There are currently 191 active home listings available in Suffolk.
What’s the average rental cost in Suffolk, VA?
The average rental price in Suffolk is $1,774.
What is the most expensive home in Suffolk?
The most expensive home sold in Suffolk had a price of $102,107,864.
What is currently the cheapest priced home in Suffolk, VA?
The cheapest home for sale in Suffolk is priced at $10,061.

Living in Suffolk, VA

Suffolk, VA is a rapidly growing city that combines the charm of history with modern amenities. Residents enjoy a peaceful lifestyle with access to parks, excellent schools, and community events. With its picturesque surroundings and family-friendly neighborhoods, Suffolk is a desirable location for many homebuyers and investors.

Current Market Conditions in Suffolk, VA

The real estate market in Suffolk is characterized by steady growth, making it an attractive area for investment. Home prices have been on the rise, but the market remains accessible for first-time homebuyers and investors seeking rental opportunities. The demand for homes continues to increase due to the city's expanding population and economic development.

Suffolk's proximity to major employment centers and its ongoing infrastructure improvements contribute to its appeal. Investors can expect a favorable return on investment as market trends indicate a strong demand for housing, making it an ideal time to invest in the area.

Home Value Estimator For Suffolk, VA

There are currently 34,264 real estate properties in Suffolk, VA, with a median automated valuation model (AVM) price of $364,447.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Suffolk, VA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Suffolk, VA, is $430,772.00, with the most expensive house in Suffolk, VA, topping out at $102,107,864.00 and the cheapest home in Suffolk, VA, clocking in at $10,061.00. In other words, there’s something for every potential homebuyer or savvy investor in Suffolk, VA!

Rent Prices In Suffolk, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Suffolk, VA, is on a rollercoaster ride. The average rent price in Suffolk, VA, is $1,774.00. Indeed, when looking to rent in Suffolk, VA, you can expect to pay as little as $640.00 or as much as $6,490.00, with the average rent median estimated to be $1,660.00. The good news is that finding an affordable and desirable property to rent in Suffolk, VA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Suffolk, VA 23434 Foreclosures


Market Trend for Suffolk, VA

Total Listings Available: 191

Market Values:

Home Prices from $10,061 to $102,107,864

Average Sales Price: $430,772

Rental Values:

Rental from $640 to $6,490

Average Rent Value: $1,774 / month

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