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 23513 — Norfolk
The 23513 housing market is currently stable, characterized by moderate price appreciation and a balanced inventory level. While the median home value has risen, the area remains one of the more affordable segments within Norfolk, driven by steady demand from military personnel and local workforce buyers. Some data points, such as specific permit activity and detailed net migration, were not available at the ZIP level.
This ZIP is well-suited for first-time homebuyers, military personnel, and budget-conscious families seeking proximity to regional employment centers without the premium prices of coastal neighborhoods.
Median prices moved up 2.4% year over year.
Homes spend a median of 22 days on market with 2.1 months of supply — a fast-moving market.
18% 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 6.8% · poverty 19.2% — a mixed stability 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 8.3%/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 8.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 23513, Norfolk city, Virginia
Crime rates in the 23513 area remain a concern for residents, with property and violent crime indices consistently trending higher than the national average and regional benchmarks.
Public schools serving the area are primarily managed by Norfolk Public Schools, with most institutions receiving mixed performance ratings from state accountability metrics.
The area faces moderate risk from coastal flooding and storm surge due to its proximity to the Chesapeake Bay and Elizabeth River, necessitating flood insurance for many properties.
Economic momentum is tied to the regional military and maritime industrial base, with ongoing infrastructure improvements in the surrounding Norfolk area supporting steady, albeit slow, development.
Property taxes are assessed by the City of Norfolk at a uniform rate applied to the fair market value of real estate, with no additional special district taxes commonly applied to residential parcels in this ZIP.
Residents typically face a 20-30 minute commute to major employment hubs like Downtown Norfolk or the Naval Station Norfolk via I-64 and local arterial roads.
The area features local neighborhood parks and is within a short drive of the Norfolk Botanical Garden and various shopping centers along the Military Highway corridor.
The rental market is characterized by high demand for workforce housing, with steady rent growth and low vacancy rates driven by the area's proximity to military installations.
The economy is heavily anchored by the U.S. Navy, maritime logistics, and healthcare sectors, providing a stable employment base for the region.
The area is served by HRT bus routes, though most residents rely on personal vehicles for commuting via the I-64 and I-264 highway corridors.
Development focus is currently centered on the revitalization of older commercial corridors and infill residential projects.
The Norfolk City Assessor's office conducts annual assessments based on market data to determine property tax liabilities.
Parcels are subject to City of Norfolk municipal taxes and Norfolk Public Schools district levies.
Property insurance premiums are rising due to increased flood risk and regional weather patterns, with many properties requiring separate flood coverage.
Data retrieved from data.census.gov ZCTA-level tables.
A major regional attraction featuring extensive gardens and walking trails.
A primary commercial hub serving the immediate vicinity.
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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