Zip 23509 (Norfolk, VA) Housing

Housing in 23509 Norfolk, VA is appreciating at a steady rate. The median value of housing in this area is $227,900, which is significantly lower than the US median value of $338,100. This offers great potential for those who are looking to invest in real estate as they can benefit from the 8.59% 1 year appreciation rate. As the housing market continues to rise, people living in 23509 Norfolk, VA can expect their values to increase in the near future.

The median home cost in Norfolk (zip 23509) is $227,900. Home appreciation the last 10 years has been 55.7%. Home Appreciation in Norfolk (zip 23509) is up 12.2%.

Average Age of Homes

- The median age of Norfolk (zip 23509) real estate is 65 years old

The Rental Market in Norfolk (zip 23509)

- Renters make up 38.0% of the Norfolk (zip 23509) population
- 3.1% of houses and apartments in Norfolk (zip 23509), 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
	5,813.0	139,647,020.0
	67	42
	$227,900	$338,100
	12.2%	16.6%
	49.5%	57.0%
	55.7%	101.1%
	$11.02	$10.98
	$2,146	$2,690
	53.6%	57.4%
	9.8%	11.2%
	36.6%	31.4%
Vacant Housing
	3.1%	1.9%
	0.8%	0.4%
	1.0%	0.7%
	0.5%	0.4%
	0.0%	3.6%
	4.4%	4.1%
Value of Owner-Occupied Housing
	2.9%	2.6%
	1.6%	2.4%
	0.2%	2.8%
	2.5%	3.9%
	0.8%	4.5%
	18.1%	11.3%
	27.2%	13.0%
	27.3%	20.1%
	6.5%	13.6%
	4.2%	8.3%
	5.3%	9.7%
	1.6%	3.9%
	1.3%	2.2%
	0.0%	0.8%
	0.5%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	3.0%	13.6%
	3.0%	13.6%
	3.7%	13.6%
	2.2%	13.2%
	10.0%	14.8%
	3.7%	13.6%
	22.6%	10.0%
	15.2%	4.7%
	26.3%	12.2%

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