The story of this market
The typical home in ZIP 23127 sells for about $345,000, or $168 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $1,650 a month.
ZIP 23127 — Norge
The housing market in 23127 remains stable with modest price appreciation and balanced inventory levels. Demand is supported by local families and commuters, though the pace of sales has leveled off compared to previous years. Current conditions reflect a steady, low-volatility environment.
This ZIP is well-suited for family buyers and long-term residents seeking a suburban environment with reasonable access to regional employment centers.
Median prices moved up 2.4% year over year.
Homes spend a median of 42 days on market with 4.8 months of supply — a fast-moving market.
19% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.1% · poverty 5.2% — 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 3.9%/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 3.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 23127, Powhatan County VA
Crime rates in this area are generally lower than the regional average, with property crime being the primary concern; trends remain stable.
Schools serving this ZIP are part of the local district and generally maintain average performance ratings compared to state benchmarks.
The area has moderate exposure to seasonal storm risks; flood risk is localized to specific low-lying zones near water features.
Economic momentum is driven by proximity to regional employment hubs and steady residential development, though large-scale industrial growth is limited.
Property taxes are assessed at the county level based on fair market value; no specific local special district surcharges are currently reported for this ZIP.
Residents primarily commute by car to nearby employment centers, with average drive times ranging from 30 to 45 minutes depending on traffic.
The area features several local parks and community trails, with basic retail and dining options located within a 3-mile radius.
The rental market is stable with moderate vacancy pressure; demand is supported by local workforce needs and limited multi-family inventory.
The local economy is largely supported by small businesses, agriculture, and residents commuting to the greater Richmond metropolitan area.
Transportation is heavily reliant on private vehicles; major highway access is provided by Route 60.
Development is focused on low-density residential expansion and small-scale commercial growth along primary transit corridors.
The county assessor conducts annual property valuations based on market sales data to determine tax assessments.
Parcels are served by standard county-level utility and school districts; no specialized MUDs or PIDs are currently active.
Property insurance premiums are consistent with regional averages for suburban Virginia, reflecting moderate risk profiles.
The state continues to see net positive domestic migration, driven by regional economic growth and lifestyle preferences.
Virginia operates as a non-judicial foreclosure state, allowing for relatively efficient processing of defaults.
Sellers are required to provide a residential property disclosure statement covering known material defects.
Data retrieved from data.census.gov ZCTA profile.
The federal school roster could not be retrieved on the last refresh — no list is shown rather than an unverified one. Source: NCES EDGE public school locations 2023-24.
Provides extensive hiking trails and river access.
Local community park with sports fields and playgrounds.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.