Zip 23517 (Norfolk, VA) Housing

The housing situation in 23517 Norfolk, VA is quite positive. The median value of houses in this area is $351,200, which is slightly above the US median house value of $338,100. Furthermore, the rate of house appreciation in Norfolk has been 8.59% over the past year, higher than the national average of 8.27%. These figures imply that housing in 23517 Norfolk, VA is a stable and attractive investment option for potential buyers.

The median home cost in Norfolk (zip 23517) is $351,200. Home appreciation the last 10 years has been 55.7%. Home Appreciation in Norfolk (zip 23517) is up 12.2%.

Average Age of Homes

- The median age of Norfolk (zip 23517) real estate is 71 years old

The Rental Market in Norfolk (zip 23517)

- Renters make up 62.2% of the Norfolk (zip 23517) population
- 1.8% of houses and apartments in Norfolk (zip 23517), 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
	2,582.0	139,647,020.0
	69	42
	$351,200	$338,100
	12.2%	16.6%
	49.5%	57.0%
	55.7%	101.1%
	$9.31	$10.98
	$3,177	$2,690
	20.8%	57.4%
	6.5%	11.2%
	72.7%	31.4%
Vacant Housing
	1.8%	1.9%
	2.6%	0.4%
	0.3%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	1.8%	4.1%
Value of Owner-Occupied Housing
	1.9%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	1.7%	4.5%
	3.5%	11.3%
	12.1%	13.0%
	21.4%	20.1%
	23.0%	13.6%
	20.6%	8.3%
	7.1%	9.7%
	1.5%	3.9%
	7.2%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.4%	13.6%
	5.4%	13.6%
	2.8%	13.6%
	12.9%	13.2%
	13.1%	14.8%
	2.8%	13.6%
	5.4%	10.0%
	7.1%	4.7%
	41.8%	12.2%

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