Home Insurance in Norfolk city, Virginia
With a median home value of $289,900, Norfolk city is 24% lower than the Virginia median.
The typical home in Norfolk city was built around 1964. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 44% of homes were built before 1960, about 25 points above Virginia's 19%.
In Norfolk city, the housing stock is 56% single-family homes, 29% apartments in buildings with 5+ units and 1% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
72% of owner-occupied homes in Norfolk city carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Norfolk city has an owner-occupancy rate of 46% and a vacancy rate of 8%; unoccupied homes typically need a different coverage form.
In Norfolk city, 59% of homes are primarily heated with electricity.
The top hazards for Norfolk city, per FEMA's National Risk Index, are hurricane (Relatively Moderate), coastal flooding (Relatively High) and earthquake (Relatively Low). Standard homeowners policies exclude earthquake, so separate coverage is usually needed.
Norfolk city had 10,846 active National Flood Insurance Program policies as of September 2026. Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood policy.
In Virginia, the statewide average premium for a standard HO-3 homeowners policy is $1,537 per year (NAIC, 2023 data).
Key figures
| Median home value | $289,900 |
|---|---|
| Median year built | 1964 |
| Owner-occupied share | 46% |
| Share of owner-occupied homes with a mortgage | 72% |
| Top hazards (FEMA National Risk Index) | Hurricane (Relatively Moderate), Coastal Flooding (Relatively High), Earthquake (Relatively Low) |
| Active NFIP flood policies (county) | 10,846 |
| Home insurance premium | $1,537 - statewide average (NAIC, 2023 data) |
Towns and cities
Sources
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)