Suffolk city, VA

Home values #

Typical home $390,542 (Aug 2026), +2.7% over one year, +26.8% over five

• 84th pct · 465th of 3,063 US counties · median $234,566
• 72nd pct · 37th of 133 Virginia counties · median $307,999
• 52nd pct · 9th of 18 counties in the Virginia Beach-Chesapeake-Norfolk metro · median $389,478

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 #

Typical rent $2,051/mo (Aug 2026), +6.3% over one year; price-to-rent 15.9

• 85th pct · 209th of 1,399 US counties · median $1,496
• 69th pct · 25th of 79 Virginia counties · median $1,757
• 41st pct · 8th of 13 counties in the Virginia Beach-Chesapeake-Norfolk metro · median $2,064

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 $2,138 a month on $390,542 at 7.28%, against an average weekly wage worth $5,243 a month: 40.8% of one job’s pay.

• payment = P·r / (1 − (1+r)^−n), P = $390,542 × 80% = $312,433, r = 7.28%/12 (Freddie Mac PMMS via FRED, 2026-10-01), n = 360 → $2,138/mo principal and interest
• wage share = payment / (avg weekly wage $1,210 × 52 / 12 = $5,243) = 41% of one average job's pay (BLS QCEW 2026 Q1, all covered jobs)
• years of wages = $390,542 / ($1,210 × 52) = 6.2
• price-to-rent = $390,542 / ($2,051 × 12) = 15.9

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 #

45,112 jobs at 2,331 employers (2026 Q1); +1.9% jobs and +2.1% average weekly wage over the year

• 82nd pct · 558th of 3,221 US counties · median 8,232
• 86th pct · 19th of 133 Virginia counties · median 9,944
• 70th pct · 6th of 18 counties in the Virginia Beach-Chesapeake-Norfolk metro · median 18,007

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 #

D0 abnormally dry

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 #

2 USGS reservoir gauges, no capacity figures to weight

Sites found: 2, 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 #

41 gauges · 0 flooding · 14 with quality panels averaging 100 % · 17 stale

Sites found: 41, 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.

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 #

218 wells in 0 named aquifers:

Sites found: 218, 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.

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 #

$1.6 bn in deposits at 15 offices of 9 banks (SOD June 2026); HHI 2,443, highly concentrated. $1.1 bn federal obligations in FY2026 (direct payments $817.1 m, contracts $228.6 m), $23,468 per covered job

Deposit concentration is 2,443 across 9 banks, which the 1995 Department of Justice bank merger screen calls highly concentrated.

HHI = Σ (share %)² over 9 banks with deposits in the county = 40.0² + 20.9² + 15.2² + … (6 more) = 2,443

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.

That is $23,468 per covered job, against 45,112 jobs in the 2026 Q1 QCEW quarter.

per job = FY2026 obligations $1.1 bn / 45,112 covered jobs (BLS QCEW 2026 Q1, all ownerships) = $23,468

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.

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 #

Suffolk city, VA: 6 findings, 6 noted

1. noteSuffolk city, VA's average weekly wage was 2.1% 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

   • +2.1 % = 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

2. noteSuffolk city, VA's covered employment was 1.9% 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

   • +1.9 % = 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

3. noteSuffolk city, VA's typical asking rent rose 1.8% from $2,015 in July 2026 to $2,051 in August 2026, on Zillow ZORI.

   Period 2026-08.
   Show the arithmetic

   • +1.8% = (2050.861111111111 - 2015.473969791439) / 2015.473969791439 × 100
   • 2050.861111111111 = Zillow ZORI, 2026-08
   • 2015.473969791439 = Zillow ZORI, 2026-07

4. noteSuffolk city, VA's typical home value rose 0.3% from $389,238 in July 2026 to $390,542 in August 2026, on Zillow ZHVI.

   Period 2026-08.
   Show the arithmetic

   • +0.3% = (390541.6211584352 - 389237.82890465605) / 389237.82890465605 × 100
   • 390541.6211584352 = Zillow ZHVI, 2026-08
   • 389237.82890465605 = Zillow ZHVI, 2026-07

5. noteThe next Zillow ZHVI typical home value (monthly) covering Suffolk city, VA is due between 2026-10-14 and 2026-10-21, estimated from the publisher's past release pattern.

   Show the arithmetic

   • window = 2026-10-14 to 2026-10-21, estimated from the publisher's past release pattern

   estimated from the publisher's past release pattern; not an announced date

Read all 6 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.