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 23511 — Norfolk
The 23511 housing market is a unique, military-dominated enclave where civilian listings are extremely scarce. Market conditions are stable, driven by the consistent demand from military personnel rather than traditional residential market forces. Most housing is on-base, resulting in limited data for civilian sales and rental metrics.
This ZIP is almost exclusively for active-duty military personnel and their families stationed at Naval Station Norfolk. It is not a traditional residential market for civilian buyers or investors due to the lack of private housing stock.
Median prices moved up 1.2% year over year.
Homes spend a median of 32 days on market with 2.1 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.2% · poverty 9.7% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 23511, Norfolk city, Virginia
Crime in the 23511 area is heavily influenced by its status as a major military installation, with security managed primarily by federal and naval authorities. Regional comparisons are difficult due to the unique nature of the base-dominated geography.
Public schools serving the area are part of Norfolk Public Schools, which generally face challenges typical of urban districts in the region. Educational outcomes vary significantly across the district's portfolio.
The area is highly susceptible to coastal flooding and storm surge due to its low-lying position along the Chesapeake Bay and Elizabeth River. Insurance premiums reflect significant flood risk and wind exposure.
Economic momentum is driven almost exclusively by the presence of Naval Station Norfolk, the world's largest naval base. Infrastructure development is focused on military operational needs rather than civilian residential expansion.
Property taxes are assessed by the City of Norfolk at the city-wide rate. There are no special MUD or PID districts typical of suburban residential developments, as the land is largely federal or municipal.
Commuting is primarily internal to the naval base or via I-64 toward the broader Hampton Roads employment centers. Traffic congestion is common during peak hours near base access points.
Recreational opportunities are largely restricted to on-base facilities, including fitness centers and golf courses. Civilian access to local parks and waterfront areas is limited by the base perimeter.
The rental market is dominated by military housing demand, leading to high occupancy rates and limited civilian inventory. Rent trajectories are closely tied to the Basic Allowance for Housing (BAH) rates for military personnel.
The economy is entirely dependent on the U.S. Navy and associated defense contractors. Industry mix is heavily skewed toward military operations, logistics, and defense support services.
The area is served by major highway corridors connecting to I-64, facilitating movement across the Hampton Roads region. Public transit options are limited compared to the urban core.
Development is restricted to military-approved projects within the base boundaries. No major civilian residential or commercial developments are planned for this ZIP.
The Norfolk City Assessor manages all property valuations for the city, including the limited civilian parcels within this ZIP.
Parcels are subject to standard Norfolk city tax levies and school district funding. No special utility or MUD districts are present.
Property insurance is highly sensitive to flood zone designations, with most of the area requiring specialized coverage due to its proximity to the water.
Migration is driven by military PCS cycles rather than civilian housing market trends.
Virginia is a non-judicial foreclosure state, though foreclosure activity in this ZIP is minimal due to the nature of military housing.
Virginia requires standard residential property disclosures, though many transactions in this area are handled through military housing offices.
Data retrieved from Census Reporter ZCTA 23511 profile.
The world's largest naval base and primary anchor for the area.
A major military educational facility located within the base perimeter.
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