Zip 23523 (Norfolk, VA) Housing

The median value of housing in 23523 Norfolk, VA is $209,500, which is significantly lower than the national median value of $338,100. Despite this disparity, there has been an 8.59% appreciation in housing values in the area over the past year, slightly higher than the national average of 8.27%. This indicates that the housing market in this part of Virginia is strong and resilient despite its relatively low prices compared to the national market.

The median home cost in Norfolk (zip 23523) is $209,500. Home appreciation the last 10 years has been 55.7%. Home Appreciation in Norfolk (zip 23523) is up 12.2%.

Average Age of Homes

- The median age of Norfolk (zip 23523) real estate is 53 years old

The Rental Market in Norfolk (zip 23523)

- Renters make up 51.3% of the Norfolk (zip 23523) population
- 7.8% of houses and apartments in Norfolk (zip 23523), 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
	3,236.0	139,647,020.0
	50	42
	$209,500	$338,100
	12.2%	16.6%
	49.5%	57.0%
	55.7%	101.1%
	$10.93	$10.98
	$1,322	$2,690
	28.1%	57.4%
	14.6%	11.2%
	57.3%	31.4%
Vacant Housing
	7.8%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	6.8%	4.1%
Value of Owner-Occupied Housing
	6.1%	2.6%
	0.0%	2.4%
	1.1%	2.8%
	5.3%	3.9%
	10.7%	4.5%
	12.2%	11.3%
	17.8%	13.0%
	42.2%	20.1%
	1.2%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	3.4%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	6.0%	13.6%
	6.0%	13.6%
	1.9%	13.6%
	11.1%	13.2%
	12.7%	14.8%
	1.9%	13.6%
	11.8%	10.0%
	11.2%	4.7%
	21.0%	12.2%

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