Area data
Norfolk, VA — ZIP 23507
Population: 6,645 (Census ACS)
Home values & appreciation
- Median home value
- $487,341
- 1-year appreciation
- +1.0%
- 3-year appreciation
- +7.2%
- 5-year appreciation
- +17.1%
- 10-year appreciation
- +38.9%
- All-time peak (2026-05)
- $487,895
- House Price Index
- 423.6 (+3.3% YoY)
Market activity
- Median sale price
- $595,300
- Median list price
- $600,000
- Median days on market
- 15 days
- Sale-to-list ratio
- 102.1%
- Active listings
- 11
- 1-year forecast
- +1.3%
- New listings (monthly)
- 11
Rents
- Typical rent
- $1,696/mo
- 1-year rent change
- +3.2%
- 1BR fair-market rent
- $1,530/mo
- 3BR fair-market rent
- $2,400/mo
Affordability
- Cost of living index (Above Average)
- 103.5 (100 = US avg)
- Electricity rate (state-level)
- 15.3¢/kWh
- Natural gas rate (state-level)
- $16.80/MCF
- 30-year mortgage rate (national)
- 6.66%
- 15-year mortgage rate (national)
- 6.00%
Schools
- Total schools
- 2
- Elementary schools
- 1
- Middle schools
- 0
- High schools
- 0
Natural hazards & flood risk
- Overall hazard risk
- Relatively Moderate
- Top hazards
- coastalFlooding, lightning, coldWave, heatWave, hurricane
- FEMA flood zone
- A04
- Flood risk level
- High
Climate (30-year normals)
- Average annual temperature
- 79.0°F
- Average high
- 80.0°F
- Average low
- 78.0°F
- Annual precipitation
- 48.3 in
Air quality
- Air quality rating
- Good
- Median AQI (annual)
- 18
- Days with Good air quality
- 334
Walkability & transit
- Walkability index
- 15.8 / 20
- Transit service frequency
- 232
Amenities
- National parks within ~60 mi
- 5
- Nearest national park
- Fort Monroe National Monument (11 mi)
- Nearest airport
- Norfolk Naval Station (Chambers Field) (NGU) (5 mi)
- Nearest major airport
- Norfolk Naval Station (Chambers Field) (NGU) (5 mi)
- Hospitals nearby (~15 mi)
- 2
- Avg hospital rating
- 3.0 / 5
- Solar radiation rating
- Fair (4.3 kWh/m²/day)
Migration
- Net migration
- -1,175 tax filers
Housing stock
- Median year housing built
- 1,938
- Median annual property tax
- $5,364
- Mean commute to work
- 15 min
- Households with broadband internet
- 86.6%
Employment & development
- Total county employment
- 103,319
- Average weekly wage
- $1,273
- Top industries (by employment)
- Health Care, Accommodation & Food, Professional Services
- Annual residential building permits (county)
- 145
Area data compiled from public government, academic, and industry research feeds. Data sources →
Data last updated
Most recent source refresh: Aug 2026. See all data sources →