Zip 23507 (Norfolk, VA) Housing

Housing in 23507 Norfolk, VA is highly desirable due to its proximity to the city center and attractive amenities. The median value of housing in this area is $453,300, which is higher than the US median value of $338,100. The house appreciation rate for the area is also slightly higher than the national average at 8.59%, making it a great investment opportunity.

The median home cost in Norfolk (zip 23507) is $453,300. Home appreciation the last 10 years has been 55.7%. Home Appreciation in Norfolk (zip 23507) is up 12.2%.

Average Age of Homes

- The median age of Norfolk (zip 23507) real estate is 78 years old

The Rental Market in Norfolk (zip 23507)

- Renters make up 58.6% of the Norfolk (zip 23507) population
- 0.3% of houses and apartments in Norfolk (zip 23507), 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
	3,528.0	139,647,020.0
	57	42
	$453,300	$338,100
	12.2%	16.6%
	49.5%	57.0%
	55.7%	101.1%
	$10.80	$10.98
	$4,706	$2,690
	39.1%	57.4%
	6.1%	11.2%
	54.8%	31.4%
Vacant Housing
	0.3%	1.9%
	1.8%	0.4%
	0.0%	0.7%
	1.6%	0.4%
	0.0%	3.6%
	2.5%	4.1%
Value of Owner-Occupied Housing
	0.7%	2.6%
	0.0%	2.4%
	2.8%	2.8%
	1.0%	3.9%
	0.0%	4.5%
	2.9%	11.3%
	6.4%	13.0%
	8.3%	20.1%
	19.3%	13.6%
	23.7%	8.3%
	20.7%	9.7%
	12.5%	3.9%
	1.5%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	2.7%	13.6%
	2.7%	13.6%
	2.5%	13.6%
	15.3%	13.2%
	5.0%	14.8%
	2.5%	13.6%
	8.0%	10.0%
	5.0%	4.7%
	52.2%	12.2%

Reviews for Norfolk

See all (0)

Write a Review

Start Your Review of Norfolk

Commute

The premier source for comprehensive city data for over 30 years.