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Area data

Norfolk, VA — ZIP 23503

Population: 30,216 (Census ACS)

The median home value in ZIP 23503 (Norfolk, VA) is $320,113 — up 1.4% over the past year. Homes sell for a median $242,075 after a median 42.5 days on market. Typical rent runs $1,568/month. 6 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Moderate, with coastalflooding, lightning, coldwave the top-rated hazards. Cost of living is 3.5% above the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$320,113

Median home value

+1.4%

1-year change

42.5

Median days on market

Relatively Moderate

Hazard risk (county)

Home values & appreciation

Median home value
$320,113
1-year appreciation
+1.4%
3-year appreciation
+7.9%
5-year appreciation
+22.3%
10-year appreciation
+66.6%
All-time peak (2026-07)
$320,113
House Price Index (state)
423.6 (+3.3% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$242,075
Median list price
$350,000
Median price per sqft
$238
1-year sale-price change
-9.8%
Median days on market
42.5 days
Homes sold (recent period)
20
For-sale inventory
152
Sale-to-list ratio
99.0%
Active listings
33
1-year forecast
+1.9%
Days to pending
44 days
New listings (monthly)
50

Source: recent area sales and market data (ZIP-level)

Rents

Typical rent
$1,568/mo
1-year rent change
+7.2%
Studio fair-market rent
$1,390/mo
1BR fair-market rent
$1,410/mo
2BR fair-market rent
$1,600/mo
3BR fair-market rent
$2,220/mo
4BR fair-market rent
$2,610/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Above Average)
103.5 (100 = US avg)
Electricity rate (state-level)
15.3¢/kWh
Natural gas rate (state-level)
$16.80/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
6
Elementary schools
4
Middle schools
1
High schools
0
Schools include
Bay View Elementary, Mary Calcott Elementary, NORTHSIDE MIDDLE, Ocean View Elementary, Oceanair Elementary

Source: NCES school directory, 2022-23 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively Moderate
Top hazards (county)
coastalFlooding, lightning, coldWave, heatWave, hurricane
Notable hazard ratings (county)
coastalFlooding: Relatively High · coldWave: Relatively Moderate · earthquake: Relatively Low · hail: Relatively Low · heatWave: Relatively Moderate · hurricane: Relatively Moderate
FEMA flood zone
A06
Flood risk level
High
Wildfire risk to homes (county)
Higher than 23% of US counties
Buildings in wildfire direct-exposure zone
12.1%
Radon potential (county)
Low radon potential — EPA Zone 3 of 3
EPA Superfund (NPL) sites within 5 mi
1
Nearest Superfund site
Norfolk Naval Base (Sewells Point Naval Complex) (2.7 mi)
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Annual precipitation
51.6 in
USDA plant hardiness zone
8b (extreme annual low 15 to 20°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Air quality

Air quality rating
Good
Median AQI (annual)
18
Days with Good air quality
334
Days with Moderate air quality
30
Highest AQI recorded (year)
96

Source: EPA air quality data (nearest monitoring station, annual)

Walkability & transit

Walkability index
11.3 / 20
Transit service frequency
531
Jobs reachable by car (30 min)
82,320
Jobs reachable by transit (45 min)
81,039

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

National parks within ~60 mi
5
Nearest national park
Fort Monroe National Monument (6 mi)
National parks include
Fort Monroe National Monument, Cape Henry Memorial Part of Colonial National Historical Park, Yorktown Battlefield Part of Colonial National Historical Park
Airports within 30 mi
19
Nearest airport
Norfolk Naval Station (Chambers Field) (NGU) (2 mi)
Nearest major airport
Norfolk Naval Station (Chambers Field) (NGU) (2 mi)
Hospitals nearby (~15 mi)
10
Hospitals include
BON SECOURS MARYVIEW MEDICAL CENTER, MARY IMMACULATE HOSPITAL, SENTARA OBICI HOSPITAL
Avg hospital rating (CMS)
3.6 / 5
Best hospital rating nearby (CMS)
4.0 / 5
Solar radiation rating
Fair (4.3 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Migration

Net migration (county)
-1,175 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
1,964
Housing built before 1970
58.8%
Housing built 2000 or later
11.8%
Median annual property tax
$2,826
Mean commute to work
25 min
Households with broadband internet
73.3%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
103,319
Average weekly wage
$1,273
Top industries (by employment)
Health Care, Accommodation & Food, Professional Services
Annual residential building permits (county)
145

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

ZIP 23503State medianUS median
Median home value$320,113$331,625$289,727
Median sale price$242,075$380,000$325,000
Median days on market43 days35 days51 days
Typical rent$1,568/mo$2,038/mo$1,808/mo
Median annual property tax$2,826$1,619$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in ZIP 23503?
$320,113.
What is the median sale price in ZIP 23503?
$242,075.
How long do homes take to sell in ZIP 23503?
Median days on market: 42.5 days.
What is typical rent in ZIP 23503?
Typical rent: $1,568/month.
What is the natural-hazard risk in ZIP 23503?
Overall risk: Relatively Moderate (FEMA NRI, county-level). Top hazards: coastalFlooding, lightning, coldWave, heatWave, hurricane.
Is ZIP 23503 in a flood zone?
High (FEMA NFIP). FEMA flood zone A06.
What is the wildfire risk in ZIP 23503?
Risk to homes is higher than 23% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in ZIP 23503?
Low radon potential — EPA Zone 3 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near ZIP 23503?
1 current or proposed National Priorities List site within 5 miles (EPA). Nearest site: Norfolk Naval Base (Sewells Point Naval Complex), 2.7 mi.
How many schools serve ZIP 23503?
6 schools (4 elementary, 1 middle) (NCES, 2022-23).
Is ZIP 23503 walkable?
Walkability index: 11.3/20 (EPA Smart Location Database).
What is the air quality in ZIP 23503?
Good. Median AQI: 18. (EPA AQI).
What is the cost of living in ZIP 23503?
Regional Price Parity: 103.5 (100 = US average) (Above Average) (BEA RPP, metro/state-level).

Selling a home in Norfolk, VA?

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Data last updated

Most recent source refresh: Sep 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents