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Norfolk (zip 23503), Virginia   Add Favorite    0 Reviews | Review This Place




Find your Best Mortgage in Norfolk: Fixed Rate, Adjustable Rate, 30 years, 15 years.

Pros

-Nearby water recreation
-Educated population
-Stable economy

Cons

-Growth and sprawl
-Rising costs
-Air service


What Bert Has To Say About Virginia Beach-Norfolk-Newport News Metro Area


This complex area straddles the waterway known as Hampton Roads, a large bay that empties into the Chesapeake Bay and Atlantic Ocean. It is the largest metropolitan area in the state in terms of population, and offers an interesting mix of urban, suburban, waterfront and inland environments. The cities of Norfolk, Chesapeake, and Portsmouth are to the south of the waterway, with the large and rapidly growing Virginia Beach located a few miles to the east along the Atlantic Shore. Hampton and Newport News lie to the north across a long bridge-tunnel connection. The natural harbor makes for one of the best ports on the East Coast, and shipping and shipbuilding activity are paramount, along with fishing and seaport-related commerce.

Highlights


Large-city complex - Southeast Virginia coast See Local Real Estate
Real Estate: For Sale  For Rent

City: Norfolk
Zip Codes: Norfolk (zip 23503)
Time zone: Eastern Standard Time (EST)
Elevation: 30 ft above sea level

Quick Facts About Norfolk


    ECONOMY
    The unemployment rate in Norfolk (zip 23503) is 5.30 percent (U.S. avg. is 5.20%). Recent job growth is Negative. Norfolk (zip 23503) jobs have Decreased by 0.19 percent. Learn more...
    COST OF LIVING
    Compared to the rest of the country, Norfolk (zip 23503)'s cost of living is 3.60% Lower than the U.S. average. Learn more... or Compare Norfolk (zip 23503)'s Cost of Living
    POPULATION
    Norfolk (zip 23503)'s population is 34,829 people. Since 2000, it has had a population growth of -0.22 percent. Learn more...
    TRANSPORTATION
    Average Commute time is 26 minutes. The National Average is 26 minutes. Learn more...
    REAL ESTATE
    The median home cost in Norfolk (zip 23503) is $170,300. Home appreciation the last 10 years has been -8.81%. Check out the homes in the area.
    SCHOOLS
    Norfolk (zip 23503) public schools spend $11,467 per student. The average school expenditure in the U.S. is $12,383. There are about 16.4 students per teacher in Norfolk (zip 23503). Learn more...

Norfolk Ranked & Rated



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Norfolk Housing Market


It's not a good time to buy in Norfolk. Home Appreciation is down -2.3% in the last 12 months. Browse Norfolk Real Estate.
The median home price in Norfolk is $170,300. Browse Homes in this Range.
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Reviews for Norfolk (zip 23503), Virginia


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