Norfolk
Branches located in Virginia
About Norfolk, Virginia
Welcome to Norfolk, Virginia, a city with a rich maritime heritage and a vibrant cultural scene. As the home of the world's largest naval station, Norfolk has a strong military presence that shapes its identity. The city is also known for its arts, festivals, and historical attractions, including the Chrysler Museum of Art and the Battleship Wisconsin. Norfolk's diverse neighborhoods offer a variety of living experiences, from bustling downtown areas to peaceful waterfront communities.
Average Home Prices in Norfolk
The average home price in Norfolk, VA, stands at approximately $286,639. This figure reflects the city's dynamic real estate market, offering options ranging from historic homes to modern condos. Norfolk's diverse neighborhoods cater to a range of preferences and budgets, making it an attractive place to live for individuals and families alike.
Based on calculations of home data from MLS and/or public records.
Veteran Benefits in Virginia
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Virginia Veterans Homes
Virginia offers veterans homes in Richmond and Roanoke, with new facilities opening in Puller and Virginia Beach. These homes provide care for honorably discharged Virginia resident veterans, with costs based on the individual's ability to pay.
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Virginia Veteran Financial Benefits
Active duty personnel can enjoy up to $15,000 of tax-exempt military basic pay, with additional benefits for retired veterans, including increasing deductions on retirement income. Disabled veterans benefit from a real estate tax exemption on their homes.
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Virginia Veterans Employment Benefits
Virginia provides a 5% test score addition for veterans seeking state employment, with 10% for disabled veterans. Programs like Troops to Trucks facilitate CDL licensing for qualified military personnel.
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Education Benefits
The Virginia Military Survivors and Dependents Education Program offers tuition and fee assistance at state-supported institutions for eligible family members of veterans affected by military service.
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Recreation Benefits
Disabled veterans can access free or discounted hunting and fishing licenses, with state park admission benefits extending to those with 100% VA disability.
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Virginia Veterans Cemeteries
Veterans are entitled to no-cost burial in one of Virginia's three veterans cemeteries, with a nominal fee for eligible family members.
Norfolk Neighborhoods and Surrounding Areas
Norfolk's neighborhoods offer a diverse range of living experiences, each with its unique character and charm. Here are detailed insights into 20 notable neighborhoods in Norfolk:
- Ghent: Known for its artistic vibe and historic architecture, Ghent is a vibrant community with a mix of local shops, restaurants, and cultural venues, making it a popular spot for locals and visitors alike.
- Freemason District: This historic area features cobblestone streets and elegant townhomes, offering a quaint and serene atmosphere steeped in history, just steps away from the downtown core.
- Larchmont: Ideal for families, Larchmont boasts a strong sense of community, beautiful homes, and proximity to excellent schools and parks along the Lafayette River.
- Ocean View: Offering miles of sandy beaches along the Chesapeake Bay, Ocean View is perfect for those seeking a laid-back, coastal lifestyle with a variety of waterfront dining and entertainment options.
- Norfolk Downtown: The heart of the city, Downtown Norfolk, is a bustling hub of business, culture, and entertainment, featuring high-rise apartments, shopping, and the Waterside District.
- Ghent: With its bohemian atmosphere, Ghent is a favorite among young professionals and artists, featuring eclectic shops, restaurants, and a strong sense of community.
- Colonial Place: This neighborhood offers charming early-20th-century homes, tree-lined streets, and a welcoming community, making it a desirable location for families and professionals.
- East Beach: A newer development designed to reflect traditional coastal architecture, East Beach provides a close-knit community feel with luxury amenities and stunning waterfront views.
- Lafayette: Known for its diverse community and vibrant local scene, Lafayette offers a mix of residential options and easy access to cultural hotspots and parks.
- Riverview: Riverview is a picturesque neighborhood with a variety of housing styles, from historic homes to modern residences, complemented by unique shops and eateries along Granby Street.
- Chelsea: An up-and-coming area, Chelsea is attracting a mix of residents with its local breweries, artisanal eateries, and a growing arts scene, nestled between West Ghent and Lambert's Point.
- Bel-Aire: This quiet, residential neighborhood is known for its well-maintained homes, family-friendly atmosphere, and access to good schools, appealing to those seeking a suburban feel.
- Berkley: Situated along the Elizabeth River, Berkley combines a rich history with modern growth, offering affordable housing options and a strong sense of community.
- Lambert's Point: Home to Old Dominion University, Lambert's Point is a vibrant area with a youthful energy, providing a range of living options and amenities for students and faculty alike.
- Bayview: As its name suggests, Bayview offers beautiful bayfront views, a relaxed lifestyle, and a variety of outdoor activities, making it a sought-after area for those who love the water.
- Poplar Halls: Featuring a mix of residential properties, Poplar Halls is a welcoming neighborhood with a convenient location, offering easy access to shopping, dining, and major highways.
- Park Place: A neighborhood in transition, Park Place is experiencing revitalization, attracting new residents with its historic charm, community initiatives, and proximity to downtown.
- Fairmount Park: Offering affordable housing and a diverse community, Fairmount Park is known for its active neighborhood association and commitment to improving the local quality of life.
- Ballentine Place: With a history dating back to the early 1900s, Ballentine Place offers a blend of old and new, with historic homes, new developments, and a strong sense of community.
- Roosevelt Gardens: A peaceful, residential neighborhood, Roosevelt Gardens is characterized by its well-kept homes, friendly neighbors, and accessibility to Norfolk's amenities and services.
Military in Virginia
Norfolk's significant military presence is highlighted by its proximity to several key installations, reinforcing its status as a strategic military hub:
- Norfolk Naval Station: As the world's largest naval station, it plays a critical role in the U.S. Navy's operations and significantly impacts the local community and economy.
- Naval Air Station Oceana: A premier East Coast tactical aviation base, NAS Oceana is vital for training and deploying naval air forces.
- Joint Expeditionary Base Little Creek-Fort Story: This joint base is a pivotal point for U.S. military readiness, hosting various amphibious and special operations.
Local Universities in Norfolk
Norfolk is home to esteemed educational institutions, enriching the city's academic and cultural landscape:
- Old Dominion University: A dynamic public research university offering a wide range of undergraduate and graduate programs and known for its community engagement and innovation.
- Norfolk State University: A historically black university providing diverse academic opportunities and a strong emphasis on research and public service.
- Eastern Virginia Medical School: Specializing in health professions education, EVMS contributes significantly to the medical field and local healthcare services.
VA Loan Benefits in Norfolk
VA Loans in Norfolk offer numerous advantages for veterans looking to buy a home, emphasizing affordability and support:
- No Down Payment: VA Loans remove the barrier of a down payment, facilitating home ownership for veterans.
- Competitive Interest Rates: Benefiting from lower rates, veterans can save significantly on their home loans.
- No PMI: Without the need for private mortgage insurance, VA Loans offer lower monthly payments.
MHS Lending is dedicated to assisting veterans in Norfolk with their home-buying journey, providing expertise in VA Loans to navigate the process efficiently.
