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Norfolk (zip 23503), Virginia 0 Reviews | Leave a Comment



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


  • Profile: Large-city complex
  • Time zone: Eastern Standard Time
  • Elevation: 30
  • Real Estate: For Sale  For Rent
  • City: Norfolk
  • Zip Codes: Norfolk (zip 23503)

Quick Facts About Norfolk


    ECONOMY
    The unemployment rate in Norfolk (zip 23503) is 6.00 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Norfolk (zip 23503) jobs have Increased by 1.72 percent.
    COST OF LIVING
    Compared to the rest of the country, Norfolk (zip 23503)'s cost of living is 5.00% Lower than the U.S. average.
    POPULATION
    As of 2014, Norfolk (zip 23503)'s population is 36,357 people. Since 2000, it has had a population growth of 15.33 percent.
    TRANSPORTATION
    Average Commute time is 22 minutes. The National Average is 25 minutes.
    REAL ESTATE
    The median home cost in Norfolk (zip 23503) is $154,500. Home appreciation the last year has been 2.10 percent.
    SCHOOLS
    Norfolk (zip 23503) public schools spend $10,716 per student. The average school expenditure in the U.S. is $12,435. There are about 13.6 students per teacher in Norfolk (zip 23503).

Best Places to Live in Norfolk, Virginia



Norfolk Housing Market


It's a good time to buy in Norfolk. Home Appreciataion is up 2.1% in the last 12 months. Browse Norfolk Real Estate.
The median home price in Norfolk is $154,500. Browse Homes in this Range.
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