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Suffolk city, VA

RANK #471 / 1001 NAT  ·  #15 / 37 VA  ·  POP 98,796

1YR FORECAST: +2.6%

5YR OUTLOOK: +18%

Suffolk city's housing market is projected to grow +2.6% over the next year, tracking near the national average.

[01] Why Suffolk city?

Suffolk, Virginia, stands out as the "Peanut Capital of the World," a nod to its deep agricultural roots and the historic presence of Planters Peanuts. Located in the Hampton Roads metropolitan area, Suffolk is Virginia's largest city by land area, encompassing 430 square miles of diverse landscapes from urban centers to farmlands and forests. Commuting to nearby cities like Norfolk or Virginia Beach is common, though traffic can add to travel times. The community offers a blend of small-town warmth and growing development, with abundant outdoor recreation opportunities at places like the Great Dismal Swamp National Wildlife Refuge and various city parks.

Life in Suffolk offers a sparse suburban feel, attracting families and professionals with its relatively affordable cost of living compared to other Hampton Roads cities. The economy is diverse, driven by sectors such as agriculture, manufacturing, logistics, and healthcare. Major employers include Amazon and Target distribution centers, benefiting from Suffolk's proximity to the Port of Virginia. The city has seen recent economic growth, with investments in technology, logistics, and healthcare, including expansions by Sentara Healthcare. Suffolk Public Schools serve nearly 14,000 students, and there are also private school options like Nansemond-Suffolk Academy and Suffolk Christian Academy.

MARKET PROFILE

Idiosyncratic Markets

Suffolk city's data profile doesn't fit any single market profile cleanly — its housing, labor, and demographic signals pull in different directions (home prices +2.7% YoY, population +2.2%, wages -5.0%). About 414 U.S. counties show this kind of mixed-signal pattern.

See all 414 Idiosyncratic Markets counties →

[02] Market Snapshot

Housing Ratio
12.7x

Overvalued relative to economy

Home Prices
+2.7%

Above national median

Climate & Terrain
0.2

Moderate climate & terrain

Price/Rent
14x

Below national median (15x)

Housing looks overvalued at 12.7x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    DoD Joint Staff J7 Military
    1,000+
  2. 2
    US Navy Dom Forces (cyber) Military
  3. 3
    Suffolk Public Schools Education
  4. 4
    U.S. Department of Defense Military
  5. 5
    Science Applications International Corporation (SAIC) Technology
  6. 6
    Sentara Healthcare Healthcare
  7. 7
    City of Suffolk Government
  8. 8
    Target Corp. Retail
  9. 9
    Amazon Logistics
  10. 10
    Walmart Retail
    100+

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Suffolk city U.S. National

Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).

The Numbers

DEMOGRAPHICS
Population
98,796
+2.23% YoY
Median Household Income
$92,666
Median Home Value
$347,400
+2.7% 12mo
Median Rent
$1,563
Average Annual Pay
$61,028
-5.0% YoY
Employment
44,427
+22.0% YoY
Income-to-Home-Value
0.2667
More affordable than average
Migration Inflow
5.9%
of pop. from another state
Bachelor's Degree+
33.3%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Building Permits (2025)
589
Single-Family Permits
514

[05] Crime & Safety

C
SAFETY
GRADE
Homicide Rate
7.5
per 100K · nat avg 6.5
Firearm Fatalities
16.1
per 100K · nat avg 13.4
Injury Deaths
69.1
per 100K · nat avg 83.6
vs National Average
Above national avg
based on homicide rate
10-Year Trend
Up 14% since 2015
homicide rate, 2015 → 2025

Source: Homicide rates from CDC/NCHS vital-statistics mortality data — a multi-year average that stabilizes counts in smaller counties — compiled in the County Health Rankings 2025 release. Rates per 100,000 population; U.S. average ≈ 6.5. Grade reflects homicide rate relative to the national average. Learn more →

See where Suffolk city stands nationally: safest large counties in America · highest homicide-rate counties.

[06] Score Breakdown

Population Growth +2.2% 90 percentile
Income Growth +2.9% 53 percentile
Vacancy Rate 0.8% 67 percentile
Home Price Change +2.7% 59 percentile
Rent Growth +6.1% 86 percentile
Price/Rent 14x 62 percentile

Bars show percentile rank among all 1001 counties.

[07] Frequently Asked Questions

Is Suffolk city, VA a good place to move to?

Suffolk city scores 53/100 on the Boom Town Index, landing in the middle of the pack among 1001 U.S. counties (#471). Median household income is $92,666 and job growth is running at +22.0%. The data points to a county with mixed signals — some positive indicators alongside areas that lag faster-growing peers.

Is Suffolk city affordable?

Housing in Suffolk city is roughly in line with national affordability norms. The median home costs $347,400 and the income-to-home-value ratio sits at 0.27, with rents averaging $1,563/month. Not a bargain, but not a stretch for most local earners either.

Is Suffolk city growing or shrinking?

Suffolk city is growing on multiple fronts. Population is up +2.2% year-over-year while employers added jobs at a +22.0% clip. Home values shifted +2.7% in the past year.

Are people moving to Suffolk city?

In significant numbers — 5.9% of Suffolk city's current population relocated from another state, well above the national norm. That level of in-migration usually signals a county where jobs, affordability, or quality of life are pulling people in from elsewhere.

[08] Similar Counties by Size & Score

York County, VA 53 Augusta County, VA 49 Rockingham County, VA 49 Spotsylvania County, VA 58 Portsmouth city, VA 47 Richmond city, VA 62 Terrebonne Parish, LA 53 Kauai County, HI 53