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 23518 — Norfolk
The 23518 housing market is characterized by a median listing price of $449,000 and a competitive environment. While the broader Norfolk market has seen slight price declines, the ZIP remains active with solid rental demand and proximity to key regional amenities.
This ZIP is well-suited for family buyers and commuters seeking proximity to the bay, local beaches, and the airport.
Median prices moved down 1.5% year over year.
Homes spend a median of 54 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.1% · poverty 7.7% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 23518, Norfolk city, Virginia
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is anchored by proximity to Norfolk International Airport and local retail outlets, with ongoing residential activity.
The area provides access to major regional corridors including Shore Drive, facilitating commutes toward the Norfolk employment core and nearby military installations.
Residents have access to local beaches, shopping outlets, and proximity to the Chesapeake Bay.
The rental market shows solid demand with a median asking rent of $1,900 per month.
The local economy is influenced by its proximity to the Norfolk International Airport and regional retail hubs.
The area is served by major arterial roads including Shore Drive, connecting residents to the broader Norfolk metropolitan transit network.
Data sourced from Census.gov and ZIP-codes.com profiles.
Provides local beach access and recreational opportunities.
Major regional anchor located in close proximity to the ZIP.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
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.
No recorded foreclosure notices for ZIP 23518 yet. Counties ingest on the scheduled rotation — absence here reads as no recorded notices, not as verified zero distress.