Norton city, VA
Housing, jobs, water, deposits and federal obligations for this county, each figure with the release it came from. Internal point 36.93, -82.63.
Assembled 2026-10-07. Read the brief.
- 6th pct · 2,854th of 3,063 US counties · median $234,566
- 3rd pct · 128th of 133 Virginia counties · median $307,999
- 3rd pct · 2,944th of 3,063 US counties · median +2.9%
- 0th pct · 132nd of 133 Virginia counties · median +2.9%
- US counties: not published this period
- Virginia counties: not published this period
- 26th pct · 2,378th of 3,221 US counties · median 8,232
- 18th pct · 109th of 133 Virginia counties · median 9,944
- 38th pct · 1,970th of 3,221 US counties · median $1,039
- 37th pct · 83rd of 133 Virginia counties · median $1,048
- 8th pct · 2,804th of 3,063 US counties · median 4.3
- 2nd pct · 130th of 133 Virginia counties · median 5.4
Typical home value divided by the average annual wage of one covered job.
A percentile here is a min-max scaling of average rank: the smallest published value in the cohort is 0 and the largest is 100, and tied values share the average of the ranks they span. It is not the share of entities below the value, so 0 means smallest, not none below. Entities that did not publish the metric are outside the cohort entirely and are counted in neither the rank nor its denominator.
Home values #
Typical home $121,713 (Aug 2026), -5.5% over one year, +19.8% over five
- 6th pct · 2,854th of 3,063 US counties · median $234,566
- 3rd pct · 128th of 133 Virginia counties · median $307,999
| Item | Value | Distance |
|---|---|---|
| Norton city, VA | $121,713 · -5.5% 1-yr |
Zillow Home Value Index (ZHVI), typical value of homes in the 35th to 65th percentile, smoothed and seasonally adjusted; a model estimate of value, not a sale price. Data through Zillow Research.
Rents #
Zillow publishes no rent index for this area (ZORI covers about 1,400 counties)
- US counties: not published this period
- Virginia counties: not published this period
Zillow Observed Rent Index (ZORI), smoothed, all homes and multifamily; price-to-rent = typical home / (typical rent × 12).
What the typical home costs to carry #
Principal and interest of $666 a month on $121,713 at 7.28%, against an average weekly wage worth $4,286 a month: 15.5% of one job’s pay.
- payment = P·r / (1 − (1+r)^−n), P = $121,713 × 80% = $97,370, r = 7.28%/12 (Freddie Mac PMMS via FRED, 2026-10-01), n = 360 → $666/mo principal and interest
- wage share = payment / (avg weekly wage $989 × 52 / 12 = $4,286) = 16% of one average job's pay (BLS QCEW 2026 Q1, all covered jobs)
- years of wages = $121,713 / ($989 × 52) = 2.4
The wage is one covered job’s average, not a household’s income, so this is the share of a single paycheque and not a mortgage underwriting ratio.
Estimate. Principal and interest on the typical home with 20% down over 30 years at this week's Freddie Mac average rate; compared with the average weekly wage of all jobs covered by unemployment insurance in the area (BLS QCEW), which is pay per job, not household income.
Jobs & wages #
3,202 jobs at 235 employers (2026 Q1); +2.9% jobs and +5.8% average weekly wage over the year
- 26th pct · 2,378th of 3,221 US counties · median 8,232
- 18th pct · 109th of 133 Virginia counties · median 9,944
| Item | Value | Distance |
|---|---|---|
| Norton city, VA | 3,202 jobs · $989/wk · +2.9% YoY |
| NAICS sector | Jobs | Avg weekly wage | Location quotient | Jobs over the year |
|---|---|---|---|---|
| Health care and social assistance | 822 | $1,294 | 1.71 | -12.0% |
| Retail trade | 667 | $649 | 2.14 | +6.7% |
| Accommodation and food services | 453 | $376 | 1.57 | +16.5% |
| Manufacturing | 162 | $940 | 0.63 | +29.6% |
| Administrative and waste services | 138 | $1,212 | 0.76 | +0.0% |
| Wholesale trade | 87 | $2,323 | 0.71 | +3.6% |
| Other services | 54 | $592 | 0.56 | -15.6% |
| Finance and insurance | 40 | $1,217 | 0.31 | +2.6% |
| Real estate and rental | 23 | $759 | 0.47 | +9.5% |
| Mining, oil and gas | withheld | |||
| Utilities | withheld | |||
| Construction | withheld |
BLS Quarterly Census of Employment and Wages, all ownerships, total covered employment in the quarter's third month; over-the-year changes as published. Suppressed cells stay blank.
Drought #
No drought class at this point (USDM covers the United States only)
Sites found: 5, searched within 0 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 0 km away are not.
US Drought Monitor current week; the highest class of any polygon containing the point.
Reservoirs #
No reservoir gauges within 150 km (or the camera is above the gauge altitude)
Sites found: 0, searched within 150 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 150 km away are not.
Σ(capacity × percent full) / Σ capacity over TWDB reservoirs within 150 km. Texas only; elsewhere USGS reservoir elevation/storage is listed without a capacity to normalise by.
Stream gauges #
42 gauges · 0 flooding · 7 with quality panels averaging 100 % · 9 stale
Sites found: 42, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.
| Site | Reading | Distance |
|---|---|---|
| POWELL RIVER AT BIG STONE GAP, VA | flow 47.2 ft³/s | 15 km |
| CLINCH RIVER AT ROUTE 65 AT DUNGANNON, VA | turb. 3.70 FNU · quality 100 % (4) | 18 km |
| GUEST RIVER NEAR MILLER YARD, VA | flow 33.0 ft³/s · STALE | 20 km |
| USGS-371016082381001 | stage 2.66 ft · STALE | 27 km |
| CRANES NEST RIVER NEAR CLINTWOOD, VA | flow 19.2 ft³/s | 27 km |
| NORTH FORK KENTUCKY RIVER AT WHITESBURG, KY | flow 17.1 ft³/s | 27 km |
| ELKHORN CREEK AT BURDINE, KY | flow 2.09 ft³/s | 29 km |
| COPPER CREEK NEAR GATE CITY, VA | flow 29.0 ft³/s · STALE | 29 km |
| USGS-371144082383401 | stage 2.65 ft | 29 km |
| POOR FORK AT CUMBERLAND, KY | flow 13.9 ft³/s | 33 km |
USGS latest readings screened against EPA freshwater criteria (DO ≥ 5 mg/L, pH 6.5–9, conductance, turbidity, temperature); NWS flood categories where a NWPS gauge is co-located.
Groundwater #
6 wells in 0 named aquifers:
Sites found: 6, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.
| Site | Reading | Distance |
|---|---|---|
| USGS-370604082403901 | depth 34.8 ft · 2026-10-06 | 19 km |
| USGS-370654082482501 | depth 12.2 ft · 1984-11-08 | 26 km |
| USGS-371033082374301 | depth 22.9 ft · 1984-11-08 | 27 km |
| USGS-364022082450201 | depth 75.4 ft · 2026-10-06 | 31 km |
| USGS-370443082022301 | depth 3.68 ft · 2002-04-11 | 55 km |
| USGS-371841081584201 | depth 21.0 ft · 2026-10-06 | 71 km |
USGS latest daily water levels. A single latest reading says where the table is, not which way it is moving; select a well for its 365-day trace.
Water stress #
low (0.00)
Σ wᵢ·termᵢ / Σ wᵢ = 0.35×0.00 + 0.2×0.00 / 0.55
Banks & federal dollars #
$236.1 m in deposits at 5 offices of 5 banks (SOD June 2026); HHI 3,610, highly concentrated. $38.2 m federal obligations in FY2026 (direct payments $31.4 m, contracts $3.9 m), $11,938 per covered job
| Item | Value | Distance |
|---|---|---|
| Wells Fargo Bank, National Association | $121.9 m · 51.6% share · 1 office | |
| New Peoples Bank, Inc. | $51.3 m · 21.7% share · 1 office | |
| The First Bank and Trust Company | $50.2 m · 21.3% share · 1 office | |
| Norton (City), VA | $38.2 m FY2026 · $11,938/job | |
| MULTIPLE RECIPIENTS | $31.4 m · top recipient FY2026 |
| Institution | Deposits | Share | Offices |
|---|---|---|---|
| Wells Fargo Bank, National Association | $121,930,000 | 51.6% | 1 |
| New Peoples Bank, Inc. | $51,341,000 | 21.7% | 1 |
| The First Bank and Trust Company | $50,246,000 | 21.3% | 1 |
| Miners Exchange Bank | $9,696,000 | 4.1% | 1 |
| Woodforest National Bank | $2,931,000 | 1.2% | 1 |
Deposit concentration is 3,610 across 5 banks, which the 1995 Department of Justice bank merger screen calls highly concentrated.
HHI = Σ (share %)² over 5 banks with deposits in the county = 51.6² + 21.7² + 21.3² + … (2 more) = 3,610
FDIC Summary of Deposits: deposits at every insured office as of June 30, annual; HHI is the sum of squared county deposit shares (DOJ 1995 bank merger screen: 1000 / 1800). USAspending: obligations by place of performance for the latest complete federal fiscal year (Oct 1 to Sep 30), what agencies committed, not what they paid out; recipients are legal entities. Per-job divides obligations by BLS QCEW covered employment.
Federal obligations #
USAspending place-of-performance obligations for FY2026, by awarding agency.
| Awarding agency | Obligations |
|---|---|
| Social Security Administration | $27,692,867 |
| Department of Agriculture | $3,885,516 |
| Department of Veterans Affairs | $3,164,187 |
| Department of Transportation | $2,955,212 |
| Railroad Retirement Board | $449,630 |
| Department of Health and Human Services | $78,500 |
| Small Business Administration | $0 |
That is $11,938 per covered job, against 3,202 jobs in the 2026 Q1 QCEW quarter.
per job = FY2026 obligations $38.2 m / 3,202 covered jobs (BLS QCEW 2026 Q1, all ownerships) = $11,938
USAspending obligations are recorded where the work is performed, so a prime award performed here is counted here even when the recipient is headquartered elsewhere. Recipients are legal entities, never people.
National context, not this county #
These are United States, single-gauge, single-state and port series. None of them is keyed to this county.
| Series | Latest | As of | Change |
|---|---|---|---|
| Mississippi River at Memphis, stage · ft | not published | not published | |
| Mississippi River at St. Louis, stage · ft | not published | not published | |
| Ohio River at Louisville, stage · ft | 12.69 | 2026-10-05 | +3.3% |
| Missouri River at St. Joseph, stage · ft | not published | not published | |
| Colorado River below Hoover Dam, flow (Hoover releases) · ft³/s | 5,170.00 | 2026-02-05 | -25.3% |
| Texas reservoirs, statewide percent full · % | 72.60 | 2026-10-06 | +0.0% |
| Laredo truck crossings, monthly · trucks | 258,700.00 | 2026-08-01 | -0.4% |
| Los Angeles + Long Beach container volume, annual · TEU | 10,513,167.00 | 2023-01-01 | -13.5% |
| Containerships waiting for a berth, all US ports · ships | 3.00 | 2026-10-06 | -50.0% |
| Shanghai to Los Angeles container rate · $ per 40 ft box | 7,848.00 | 2026-09-01 | +14.9% |
| US diesel retail price · $ per gallon | unavailable | not published | |
| WTI crude oil, spot · $ per barrel | 96.16 | 2026-09-29 | -3.2% |
| 30-year fixed mortgage rate · % | 7.28 | 2026-10-01 | +3.6% |
| Housing starts, annual rate · thousands of units | 1,275.00 | 2026-08-01 | -2.6% |
| Building permits, annual rate · thousands of units | 1,403.00 | 2026-08-01 | -2.1% |
| Case-Shiller US home price index · index, Jan 2000 = 100 | 337.31 | 2026-07-01 | +0.1% |
| Unemployment rate · % | 4.20 | 2026-09-01 | +2.4% |
| US goods and services trade balance, monthly · $ millions | -105,572.00 | 2026-08-01 | -13.7% |
| Retail sales excluding food services, monthly · $ millions | 646,347.00 | 2026-08-01 | +1.1% |
The indicator registry has no county-keyed series and no geographic selection: every entry is national, a named gauge, a single state or a port. They are here as the backdrop the county's own numbers move against, and they are never this county's readings.
What changed #
Norton city, VA: 12 findings, 1 at an alert level, 1 at a watch level and 10 noted
alertNorton city, VA's typical home value is -5.5% against a year earlier, an alert level here: typical home value at least 5 percent below a year ago (arithmetic on Zillow ZHVI, county and metro files; convention chosen for this dashboard, not an official level). The previous published period is not in this table, so this is a standing level rather than a change.
Period 2026-08.Show the arithmetic
- test: home.yoyPct = -5.523804813895825 <= -5
arithmetic on Zillow ZHVI, county and metro files; convention chosen for this dashboard, not an official level
watchNorton city, VA's typical home value is -5.5% against a year earlier, a watch level here: typical home value below a year ago (arithmetic on Zillow ZHVI, county and metro files; not an official level). The previous published period is not in this table, so this is a standing level rather than a change.
Period 2026-08.Show the arithmetic
- test: home.yoyPct = -5.523804813895825 < 0
arithmetic on Zillow ZHVI, county and metro files; not an official level
noteNorton city, VA's average weekly wage was 5.8% higher than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.
Period 2026 Q1.Show the arithmetic
- +5.8 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
- the newest QCEW file carries no year-earlier level, so no move from one level to another is printed
BLS QCEW over-the-year percent change, as published
noteNorton city, VA's covered employment was 2.9% higher than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.
Period 2026 Q1.Show the arithmetic
- +2.9 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
- the newest QCEW file carries no year-earlier level, so no move from one level to another is printed
BLS QCEW over-the-year percent change, as published
noteNorton city, VA's typical home value of -5.5% ranks 132nd of 133 Virginia counties, against a median of +2.9%.
Period 2026-08.Show the arithmetic
- 1 on the 0-to-100 scale across 133 Virginia counties that published home.yoyPct
position among the entities that published this metric this period; not an official level
Read all 12 findings in the full brief
Every finding is produced by a fixed rule table and a fixed sentence for each rule. Nothing here is generated prose.