Median home value is about $513,500 — about 48% above the U.S. median home value ($348,079).
Housing tenure and rents show owner-occupancy near 97.3% (about 31.9 points above the national owner-occupancy rate (65.4%)).
To comfortably buy a median-priced home in ZIP 23433 in Suffolk, VA, a household would need roughly $141,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,299. That is roughly in line with the local median household income ($151,500). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.