Provisional grade — derived from this report's measured data points; the county detector suite has not measured this geography yet. The measured ARED Score replaces it on the suite's next run.
ZIP 23503 — Norfolk
The 23503 housing market remains very competitive with a median sale price of $339,899, reflecting a 1.5% year-over-year increase. Low inventory and steady demand from the military-heavy local economy continue to drive market activity. Most metrics are sourced from recent Redfin and Zillow market reports.
This ZIP is well-suited for military families, first-time homebuyers, and those seeking an established community with waterfront access and proximity to regional employment centers.
Median prices moved up 1.5% year over year.
Homes spend a median of 24 days on market with 1.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.0% · poverty 12.0% — a stable, low-distress profile.
ZCTA 23503, Norfolk city, Virginia
The area features a significant veteran presence and established residential character with proximity to major regional military installations.
Property taxes are assessed by the City of Norfolk; specific exemptions for veterans and seniors may apply per local ordinance.
The ZIP offers direct access to major regional corridors, facilitating commutes to Norfolk's employment hubs and military bases.
The area provides access to waterfront parks and recreational facilities along the Chesapeake Bay and local waterways.
The rental market is supported by a steady demand from military personnel and local workforce, with moderate vacancy pressure.
The local economy is heavily influenced by the military and defense sector, alongside maritime and logistics industries.
The area is served by regional highway networks with limited public transit connectivity to the broader Norfolk metro core.
Parcels are subject to City of Norfolk municipal taxes and standard utility service districts.
Data retrieved from ZCTA-level census profiles.
Provides local recreational access and scenic views.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).
Forecasts are for speculation only and should not be used as a deciding factor in any transaction. Projections trend strictly from calculable historical values — the platform cannot predict market movements, market sentiment, or the market itself.
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Standard trend model — solid = measured history · dashed = projection anchored at each line's last measured point, following that series' trailing pace (CAGR capped ±12%/yr) or trailing mean · projections are estimates, not measured reads · every charted series runs the standard 5-year historical window with a 1-year forecast, trimmed from the full retained ledger — the forecast always extends into the future year (a lagging ledger bridges to it) and stops there on purpose: authoritative, not wizardry · every price line is county-assessed value from the district CAD — the tier's same-parcel assessment roll-up on the momentum tile, the assessed trajectory in raw dollar levels and as a YoY-chained index (base 100), and the month-over-month pace from nearby comparable sales pooled from the research track; a tier without comps yet keeps its pace story with the assessed trend. Inventory, liquidity, price-cut and foreclosure lines run on the platform's own measured series.
Unlocked in the Investor tier
Aggregate foreclosure counts for this geography — recorded notices, upcoming sales and distress weight against population. The filing-level ledger opens at Investor.
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