Why Live in Lambert's Point
Lambert’s Point, one of Norfolk's oldest neighborhoods, is situated between Hampton Boulevard and the Elizabeth River. Its proximity to Old Dominion University brings a vibrant atmosphere and attracts younger residents. The neighborhood's accessibility is enhanced by its closeness to Ghent, known for boutique shops, coffee houses, and bars. Housing in Lambert’s Point includes Colonial Revival, Cape Cod, Craftsman, cottages, and bungalows, typically with large front porches and yard sizes around 5,000 square feet. Homes are more affordable compared to nearby waterfront communities, though some properties in Flood Zone AE require flood insurance. Schools in the area include Larchmont Elementary, Blair Middle School, and the highly rated Maury High School, which offers a specialized Medical and Health Specialties program. Residents enjoy the Elizabeth River Trail, Whitehurst Beach Park, and the Lambert’s Point Micro-farm, as well as the Weyanoke Bird and Wildflower Sanctuary. The Lambert’s Point Community Center offers indoor recreational activities. Local amenities include grocery stores like Food Lion and The Fresh Market, and dining options such as Sunset Grill. The Railyard at Lambert’s Point is a historic building turned shopping center. Annual events like the Norfolk Harborfest, Norfolk Waterfront Jazz Festival, and Bayou Bon Vivant celebrate the community's culture. Public transit options are available in downtown Norfolk, with Norfolk International Airport 8 miles away and Sentara Norfolk General Hospital 2 miles away.
Frequently Asked Questions
Is Lambert's Point a good place to live?
Lambert's Point is a good place to live. Lambert's Point is considered car-dependent and bikeable with some transit options. Lambert's Point has 6 parks for recreational activities. It is fairly dense in population with 12.0 people per acre and a median age of 24. The average household income is $50,304 which is below the national average. College graduates make up 32.2% of residents. A majority of residents in Lambert's Point are renters, with 78.4% of residents renting and 21.6% of residents owning their home. A
local real estate agent serving Lambert's Point can help you decide if this neighborhood is the right one for you. Learn more on our
Lambert's Point neighborhood guide.
How much do you need to make to afford a house in Lambert's Point?
The median home price in Lambert's Point is $79,900. If you put a 20% down payment of $16,000 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $410 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $18K a year to afford the median home price in Lambert's Point. The average household income in Lambert's Point is $50K.
What are the best public schools in Lambert's Point?
The best public schools that serve Lambert's Point are:
What are the best private schools in Lambert's Point?
The best private schools that serve Lambert's Point are:
What are the most popular zip codes in Lambert's Point, Norfolk, VA?
What are the most popular neighborhoods near Lambert's Point, Norfolk, VA?
Home Trends in Lambert's Point, VA
On average, homes in Lambert's Point, Norfolk sell after 137 days on the market compared to the national average of 70 days. The median sale price for homes in Lambert's Point, Norfolk over the last 12 months is $555,000, up 40% from the median home sale price over the previous 12 months.
Median Sale Price
$555,000
Median Single Family Sale Price
$79,900
Average Price Per Sq Ft
$153
Number of Homes for Sale
2
Last 12 months Home Sales
1
Median List Price
$79,900
Median Change From 1st List Price
6%
Median Home Sale Price YoY Change
40%