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 23508 — Norfolk
The 23508 housing market is currently characterized by a supply-demand balance, with a median listing price of $433,000. The market remains competitive with homes selling in a median of 35 days. Rental demand remains robust, with typical rents near $1,996/month.
Fits professionals, military families, and academics seeking proximity to hubs, while also attracting investors due to stable rental demand.
Median prices moved up 7.8% year over year.
Homes spend a median of 35 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 101% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
ZCTA 23508, Norfolk City VA
The area reports crime rates that are generally higher than the national average, with property crime being more prevalent than violent crime.
Schools serving the area include Larchmont Elementary and W.H. Taylor Elementary, which are generally characterized as well-regarded within the local district.
The area faces moderate natural-hazard risk, primarily involving coastal flooding and storm-related events.
The proximity to major military facilities, including the Norfolk Naval Base, remains a primary economic driver and anchor for local development and housing demand.
Property taxation is governed by the City of Norfolk; rates and exemptions are determined by city-wide assessment cycles and local ordinances.
The area is a hub for commuters to Norfolk’s employment centers and is moderately walkable.
Nearby amenities include the Elizabeth River Trail, numerous local parks, and shopping/dining districts.
Market shows high pressure and rising rents, with significant interest from both long-term residents and military-affiliated renters.
Dominated by military, education, and port-related logistics industries.
The area is served by regional road networks and is moderately walkable with access to Norfolk employment centers.
Focus remains on infill development and maintaining historic character.
Parcels are subject to City of Norfolk taxation and local school district jurisdiction.
Coastal location necessitates flood insurance considerations for many properties.
Data sourced from local market reports and census estimates.
A major recreational trail providing waterfront access and connectivity.
Notable for historic character and local shopping/dining.
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.
Upgrade to Investor — $249/mo