Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 96,638 ↑ 2.5% since 2020 |
| Median Household Income | $90,089 21% above national median |
| Median Home Value | $329,600 |
| Unemployment Rate | 5.0% |
| Median Age | 38.7 years |
| Housing Vacancy Rate | 6.4% |
| Total Land Sales (Past 12 Months) | 93 transactions |
| Active Listings | 52 properties |
| Avg Days on Market | 517 days |
Rural Land Sales (1+ Acres) (Jan 2026 – Jan 2026)
| Metric | Value |
|---|---|
| Median Price/Acre | $17,634 |
| Recent Sales | 51 transactions |
| Avg Days on Market | 468 days |
| Avg Parcel Size | 36.40 acres |
| Active Listings | 17 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Location |
|---|---|---|---|---|
| Jan 2026 | 126.76 | $785,000 | $6,193 | Suffolk |
Suburban/Urban Land Sales (Under 1 Acre) (Sep 2025 – Nov 2025)
| Metric | Value |
|---|---|
| Median Lot Price | $100,000 |
| Recent Sales | 42 transactions |
| Avg Days on Market | 576 days |
| Avg Parcel Size | 0.30 acres |
| Active Listings | 35 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Location |
|---|---|---|---|
| Nov 2025 | 0.17 | $35,000 | Suffolk |
| Sep 2025 | 0.07 | $30,000 | Suffolk |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 96,638 |
| Population (2020) | 94,324 |
| Population Growth | 2.45% |
| Median Household Income | $90,089 |
| Median Home Value | $329,600 |
| Total Housing Units | 39,651 |
| Vacant Housing Units | 2,518 |
| Housing Vacancy Rate | 6.4% |
| Median Age | 38.7 |
| Bachelor's Degree or Higher | 13,145 (13.6%) |
| Unemployment Rate (BLS) | 3.6% |
Market Overview
Suffolk city, Virginia has a population of 96,638, which has grown 2.45% since 2020. The median household income is $90,089, above the national median of $74,580 by 20.8%. With a median home value of $329,600 and an unemployment rate of 3.6%, the local economy is strong. The housing vacancy rate of 6.4% suggests tight market conditions. Suffolk city is part of Virginia's land market, attracting both local and out-of-state buyers. Recent rural land sales show a median price of $17,634 per acre, with properties averaging 36.40 acres. There are currently 52 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Suffolk city, Virginia?
As of the 2023 American Community Survey, Suffolk city has a population of 96,638. The county has grown 2.45% since the 2020 Census, indicating a growing community.
What is the median household income in Suffolk city?
The median household income in Suffolk city is $90,089, which is 20.8% above the national median of $74,580.
Is Suffolk city growing or shrinking?
Suffolk city is growing. The population has increased 2.45% since 2020.
What is the housing market like in Suffolk city?
The median home value in Suffolk city is $329,600. The housing vacancy rate is 6.4%, which suggests tight market conditions. The unemployment rate is 3.6%, indicating a strong local economy. Recent rural land sales (1+ acres) show a median price of $17,634 per acre. Suburban/urban lots under 1 acre have a median lot price of $100,000.
Does Reelvest buy land in Suffolk city, Virginia?
Yes! Reelvest Properties buys vacant land throughout Virginia, including Suffolk city. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: Market data reflects recent vacant land transactions in the county. Demographic data from U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.