Norfolk city: Homeownership Rate Trend
How Norfolk city's homeownership rate changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
60.8%
2023
63.2%
Total change
+2.4 pp
% change
+3.9%
| Year | Homeownership Rate | Change |
|---|---|---|
| 2017 | 60.8% | — |
| 2019 | 60.1% | -0.7 pp (-1.2%) |
| 2020 | 61.9% | +1.8 pp (3%) |
| 2021 | 61.6% | -0.3 pp (-0.5%) |
| 2022 | 62.3% | +0.7 pp (1.1%) |
| 2023 | 63.2% | +0.9 pp (1.4%) |