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Suffolk City

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

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 City?

Mortgage rates for Suffolk City are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

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What is the median home price in Suffolk City?

The median home value in Suffolk City 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 City?

Home values in Suffolk City 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 City?

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 City is $97k/year.

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What industries drive the economy in Suffolk City?

The largest employment sectors in Suffolk City 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