LatestCoverageAll 50 states, D.C. and five territories now on the ledger|NewPuerto Rico's 78 municipios ledgered, municipio by municipio|FeatureAssessment appeal workspace — build a filing package from your own evidence|FeatureLiving reports — versioned, re-runnable, exportable|DevelopersMetered REST gateway · issued keys · signed webhooks|Live market readings · refreshed on loadAlbuquerque · NMMedian List$360K+2.5%|Austin · TXMedian List$550K-1.0%|Baltimore · MDMedian List$225K-6.3%|Bernalillo County · NMMedian List$364K+2.7%|Bexar County · TXMedian List$303K+3.7%|Boston · MAMedian List$859K+3.4%|Charlotte · NCMedian List$430K-0.1%|Chicago · ILMedian List$426K+9.3%|Clark County · NVMedian List$447K+0.1%|Columbus · OHMedian List$300K+0.6%|Cook County · ILMedian List$348K+5.1%|Dallas · TXMedian List$449K-0.1%|Davidson County · TNMedian List$465K-1.1%|Denver · COMedian List$569K+1.6%|Detroit · MIMedian List$105K-2.8%|Duval County · FLMedian List$297K-2.3%|El Paso · TXMedian List$260K+3.7%|Fort Worth · TXMedian List$332K-2.1%|Franklin County · OHMedian List$320K+3.2%|Fresno · CAMedian List$375K+2.1%|Harris County · TXMedian List$327K+0.6%|Houston · TXMedian List$340K+0.6%|Indianapolis · INMedian List$260K+2.3%|Jackson County · MOMedian List$275K+7.0%|Jacksonville · FLMedian List$309K-2.1%|Jefferson County · KYMedian List$248K-4.3%|Kansas City · MOMedian List$240K+4.3%|King County · WAMedian List$850K-4.0%|Las Vegas · NVMedian List$440K-1.1%|Los Angeles · CAMedian List$950K-0.5%|Louisville · KYMedian List$275K0.0%|Maricopa County · AZMedian List$458K-0.4%|Marion County · INMedian List$259K+3.7%|Mecklenburg County · NCMedian List$407K-5.3%|Memphis · TNMedian List$202K+2.5%|Mesa · AZMedian List$450K-3.1%|Milwaukee · WIMedian List$243K+5.7%|Multnomah County · ORMedian List$518K-1.2%|Nashville · TNMedian List$480K+1.0%|New York · NYMedian List$899K+0.5%|Oklahoma City · OKMedian List$275K-0.6%|Oklahoma County · OKMedian List$259K-0.7%|Philadelphia · PAMedian List$249K+0.3%|Phoenix · AZMedian List$480K0.0%|Pima County · AZMedian List$373K+0.9%|Portland · ORMedian List$640K-6.0%|Sacramento · CAMedian List$510K+4.0%|San Antonio · TXMedian List$236K-1.2%|San Diego · CAMedian List$994K+4.2%|San Francisco · CAMedian List$1.4M+1.7%|San Jose · CAMedian List$1.3M-11.9%|Santa Clara County · CAMedian List$1.3M+0.1%|Seattle · WAMedian List$874K-2.8%|Shelby County · TNMedian List$259K-2.4%|Suffolk County · MAMedian List$857K+7.3%|Tarrant County · TXMedian List$385K-1.2%|Travis County · TXMedian List$497K-5.3%|Tucson · AZMedian List$324K-0.9%|Wayne County · MIMedian List$160K0.0%|LatestCoverageAll 50 states, D.C. and five territories now on the ledger|NewPuerto Rico's 78 municipios ledgered, municipio by municipio|FeatureAssessment appeal workspace — build a filing package from your own evidence|FeatureLiving reports — versioned, re-runnable, exportable|DevelopersMetered REST gateway · issued keys · signed webhooks|Live market readings · refreshed on loadAlbuquerque · NMMedian List$360K+2.5%|Austin · TXMedian List$550K-1.0%|Baltimore · MDMedian List$225K-6.3%|Bernalillo County · NMMedian List$364K+2.7%|Bexar County · TXMedian List$303K+3.7%|Boston · MAMedian List$859K+3.4%|Charlotte · NCMedian List$430K-0.1%|Chicago · ILMedian List$426K+9.3%|Clark County · NVMedian List$447K+0.1%|Columbus · OHMedian List$300K+0.6%|Cook County · ILMedian List$348K+5.1%|Dallas · TXMedian List$449K-0.1%|Davidson County · TNMedian List$465K-1.1%|Denver · COMedian List$569K+1.6%|Detroit · MIMedian List$105K-2.8%|Duval County · FLMedian List$297K-2.3%|El Paso · TXMedian List$260K+3.7%|Fort Worth · TXMedian List$332K-2.1%|Franklin County · OHMedian List$320K+3.2%|Fresno · CAMedian List$375K+2.1%|Harris County · TXMedian List$327K+0.6%|Houston · TXMedian List$340K+0.6%|Indianapolis · INMedian List$260K+2.3%|Jackson County · MOMedian List$275K+7.0%|Jacksonville · FLMedian List$309K-2.1%|Jefferson County · KYMedian List$248K-4.3%|Kansas City · MOMedian List$240K+4.3%|King County · WAMedian List$850K-4.0%|Las Vegas · NVMedian List$440K-1.1%|Los Angeles · CAMedian List$950K-0.5%|Louisville · KYMedian List$275K0.0%|Maricopa County · AZMedian List$458K-0.4%|Marion County · INMedian List$259K+3.7%|Mecklenburg County · NCMedian List$407K-5.3%|Memphis · TNMedian List$202K+2.5%|Mesa · AZMedian List$450K-3.1%|Milwaukee · WIMedian List$243K+5.7%|Multnomah County · ORMedian List$518K-1.2%|Nashville · TNMedian List$480K+1.0%|New York · NYMedian List$899K+0.5%|Oklahoma City · OKMedian List$275K-0.6%|Oklahoma County · OKMedian List$259K-0.7%|Philadelphia · PAMedian List$249K+0.3%|Phoenix · AZMedian List$480K0.0%|Pima County · AZMedian List$373K+0.9%|Portland · ORMedian List$640K-6.0%|Sacramento · CAMedian List$510K+4.0%|San Antonio · TXMedian List$236K-1.2%|San Diego · CAMedian List$994K+4.2%|San Francisco · CAMedian List$1.4M+1.7%|San Jose · CAMedian List$1.3M-11.9%|Santa Clara County · CAMedian List$1.3M+0.1%|Seattle · WAMedian List$874K-2.8%|Shelby County · TNMedian List$259K-2.4%|Suffolk County · MAMedian List$857K+7.3%|Tarrant County · TXMedian List$385K-1.2%|Travis County · TXMedian List$497K-5.3%|Tucson · AZMedian List$324K-0.9%|Wayne County · MIMedian List$160K0.0%|
Property-class scope

The story of this market

The typical home in ZIP 23502 sells for about $330,000, or $205 per square foot.

Prices are down 1.5% from a year ago, which gives buyers more room to negotiate. Homes take about 39 days to sell. HUD's fair market rent for a two-bedroom is $1,398 a month.

ZIP market report · consumer edition · quarterly refresh
Track this ZIP

ZIP 23502 — Norfolk

Norfolk City County →Norfolk marketrefreshed Sep 29, 20262 cycles retainednext refresh Oct 29, 2026
Market mood · cautiously optimistic

The 23502 housing market remains competitive with steady demand, though price growth has moderated compared to previous years. Inventory levels are sufficient to support current sales volume, and the market is driven by its affordability relative to the broader region. Note that specific ZIP-level figures for active inventory and price cuts are derived from city-wide aggregates as ZIP-specific data is not independently published.

Who this ZIP fits

This ZIP code is well-suited for first-time homebuyers, military families, and commuters seeking proximity to major regional employers. It offers a balance of affordability and accessibility to the urban core of Norfolk.

Parent geography
Aerial view · ZIP boundaries2020 Census ZCTA boundary over current aerial imagery
Leaflet Imagery © Esri, Maxar, Earthstar Geographics
Land area · 25.7 km²Water area · 2.6 km²U.S. Census Bureau TIGERweb — 2020 Census ZCTA5 boundary
Median sale price
$330,000
-1.5% year over year
Corroborated · 1 anchor · 0% off nearest
Days on market
39 days
Active listings
690
Listings with price cuts
18%
share of active listings
Sale-to-list ratio
98.5%
of asking price
ZIP Market ScoreZIP-SCORE-1.3 · 4/4 sections graded
64
Composite · average of graded sections
Computed only from this report's published readings — sections without data are excluded, never estimated.
43
Growth/100

Median prices moved down 1.5% year over year.

76
Liquidity/100

Homes spend a median of 39 days on market with 3.2 months of supply — a fast-moving market.

70
Momentum/100

18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.

68
Safety & stability/100

no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.8% · poverty 16.6% — a mixed stability profile.

Median price · ten-year history

Researched annual trajectory for this ZIP, from published historical series

2016201720182019202020212022202320242025202620282030$160,000$240,000$320,000$400,000$480,000

Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.

Property tax · ten-year history

Median annual property tax paid on this ZIP's residential parcels

2016201720182019202020212022202320242025202620282030$1,700$2,550$3,400$4,250$5,100

Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.

Census trends · population flowsACS 2019-2023 5-year estimates
Population change
+0.5%

versus the prior ACS vintage

Population base
20,399

ZCTA 23502, Norfolk City, VA

Area context
Crime & safety

Crime rates in the 23502 area are generally consistent with broader Norfolk urban trends, with property crime being the primary concern. Residents are encouraged to utilize local police department crime mapping tools for neighborhood-specific safety updates.

Schools & education

Schools serving the 23502 area are part of Norfolk Public Schools, which maintains a diverse range of academic and magnet programs. Performance ratings vary significantly by individual school site.

Environmental & hazard

The area is subject to regional flood risks associated with the Chesapeake Bay and local tidal waterways, necessitating flood insurance for many properties. Wind and storm surge are primary climate considerations for the coastal Virginia region.

Growth & development

Economic momentum is driven by the proximity to major military installations, the Port of Virginia, and the Norfolk International Airport. Development is focused on infill projects and the revitalization of existing commercial corridors.

Taxation

Property taxes are assessed by the City of Norfolk based on fair market value, with rates set annually by the City Council. There are no special district taxes like MUDs or PIDs commonly found in other states, though specific business improvement districts may apply to commercial zones.

Transportation & commute

The ZIP code offers convenient access to I-64 and I-264, providing direct routes to downtown Norfolk, the Norfolk Naval Base, and the broader Hampton Roads employment centers. Public transit via HRT bus routes serves the area, though personal vehicle ownership remains the primary mode of commuting.

Recreation & amenities

The area features proximity to the Norfolk Botanical Garden and various local parks along the Broad Creek waterway. Shopping and dining are concentrated along the East Princess Anne Road corridor and nearby retail centers.

Rental market

The rental market is characterized by steady demand from military personnel and students, with moderate vacancy pressure. Short-term rental activity is regulated by city ordinances requiring permits in specific residential zones.

Economy & employers

The economy is anchored by the U.S. Navy, the Port of Virginia, and the healthcare sector. These industries provide a stable employment base for the region.

Transportation & infrastructure

The area is served by a network of major highways including I-64 and I-264, facilitating regional travel. Hampton Roads Transit (HRT) provides bus service throughout the city.

Development pipeline

Development is focused on the revitalization of the Military Circle area and infill housing projects. City planning emphasizes increasing density near transit corridors.

County appraisal district

The Norfolk City Assessor's office conducts annual assessments of all real property to determine fair market value for tax purposes.

Special districts

Parcels are subject to Norfolk City municipal taxes and Norfolk Public Schools district levies. No special utility or MUD districts are applicable.

Insurance & hazard market

Property insurance premiums are influenced by the area's proximity to the coast and flood zone designations. Homeowners are generally required to carry separate flood insurance policies.

Foreclosure doctrine

Virginia is a non-judicial foreclosure state, allowing for a relatively streamlined process under the deed of trust framework.

Disclosure doctrine

Virginia is a 'caveat emptor' (buyer beware) state, though sellers are required to provide a residential property disclosure statement regarding the condition of the property.

Discovery profileACS 2019-2023 5-year estimates
Census profile · ZCTA 23502, Norfolk City, VA
Population
20,399
Median age
37.3 yrs
Owner-occupancy
48.5%
Median home value
$245,000
Median gross rent
$1,420
Median household income
$61,358
Median year built
1967
Vacancy rate
6.2%
Renter share
51.5%
Owner cost burden
22%
Renter cost burden
45%
Population change
+0.5%
Work-from-home share
12.5%
Mean commute
24.5 min
Bachelor's or higher
28%
Unemployment
6.8%
Poverty rate
16.6%
Avg household size
2.6
White
33.5%
Black or African American
48.2%
Hispanic or Latino
8.5%
Other
9.8%

Data retrieved from data.census.gov ZCTA 23502 profiles.

Public schools with an address here · 2

Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.

Norview High SchoolHighAverageNorfolk Public SchoolsServes the broader 23502 area.
Lake Taylor Middle SchoolMiddleAverageNorfolk Public SchoolsProvides core middle school education for the district.
School districts
Norfolk Public SchoolsAccreditedThe sole district serving the city of Norfolk.
Utilities & services
ElectricDominion EnergyPrimary provider for the region.
Natural GasVirginia Natural GasStandard service provider.
Water/SewerCity of NorfolkMunicipal utility service.
InternetCox Communications/VerizonBroadband and fiber options available.
Major employers & industries
U.S. NavyDefenseMajor regional employer.
Port of VirginiaLogisticsSignificant economic driver.
Sentara HealthcareHealthcareLarge regional health system.
Major amenities · ZIP 23502
Theme, amusement & water parks
19 · 20 mi
Entertainment venues, stadiums & amphitheaters
16 · 20 mi
Family fun & things to do
20+ · 13 mi
Museums, galleries & history
20+ · 20 mi
Parks, trails & nature
20+ · 13 mi
Lakes, marinas & beaches
16 · 20 mi
Shopping & dining districts
5 · 13 mi

Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.

Amenities & attractions3 retained amenities · 1 development on the horizon
Inside this ZIP
Norfolk Botanical Garden
Park/Attraction

A major regional attraction featuring extensive gardens and walking trails.

Broad Creek
Waterfront

Provides recreational opportunities and scenic views for local residents.

Military Circle Mall Area
Shopping

A primary commercial hub undergoing long-term redevelopment planning.

On the horizon · announced & under construction
Military Circle Mall RedevelopmentMixed-UseApprovedA long-term project to transform the former mall site into a mixed-use district with housing, retail, and entertainment.
Sources · 5 cited

Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).