Zip 23503 (Norfolk, VA) Housing

The housing market in the 23503 zip code of Norfolk, Virginia is thriving. The median value of homes in this area is $257,300, which is lower than the US house median value of $338,100. However, the 1 year appreciation rate for houses in 23503 is 8.59%, which is higher than the national rate of 8.27%. This suggests that housing prices in this area are on the rise and it's a great time to invest in the Norfolk housing market.

The median home cost in Norfolk (zip 23503) is $257,300. Home appreciation the last 10 years has been 55.7%. Home Appreciation in Norfolk (zip 23503) is up 12.2%.

Average Age of Homes

- The median age of Norfolk (zip 23503) real estate is 54 years old

The Rental Market in Norfolk (zip 23503)

- Renters make up 53.3% of the Norfolk (zip 23503) population
- 2.3% of houses and apartments in Norfolk (zip 23503), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Norfolk, Virginia	United States
	14,993.0	139,647,020.0
	58	42
	$257,300	$338,100
	12.2%	16.6%
	49.5%	57.0%
	55.7%	101.1%
	$10.63	$10.98
	$2,348	$2,690
	40.9%	57.4%
	6.6%	11.2%
	52.5%	31.4%
Vacant Housing
	2.3%	1.9%
	0.5%	0.4%
	0.3%	0.7%
	0.0%	0.4%
	1.8%	3.6%
	1.7%	4.1%
Value of Owner-Occupied Housing
	1.8%	2.6%
	1.0%	2.4%
	1.5%	2.8%
	0.5%	3.9%
	1.4%	4.5%
	10.4%	11.3%
	24.1%	13.0%
	39.2%	20.1%
	12.4%	13.6%
	3.7%	8.3%
	3.9%	9.7%
	0.1%	3.9%
	0.0%	2.2%
	0.1%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	4.0%	13.6%
	4.0%	13.6%
	6.2%	13.6%
	12.4%	13.2%
	12.4%	14.8%
	6.2%	13.6%
	23.0%	10.0%
	12.6%	4.7%
	11.0%	12.2%

Reviews for Norfolk

See all (0)

Write a Review

Start Your Review of Norfolk

Commute