The story of this market
The typical home in ZIP 23513 sells for about $297,650, or $215 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 22 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,226 a month.
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 5.1% · poverty 15.4% — 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 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.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Apex Entertainment Virginia Beach4.56.9 mi
- Dave & Buster's4.110.8 mi
- Hunt Club Farm4.614.7 mi
- Sky Zone Trampoline Park4.27.2 mi
- Hampton Virginia Aquaplex4.112.8 mi
- Virginia Aquarium & Marine Science Center4.415.1 mi
- Hampton Coliseum4.412.4 mi
- Virginia Beach Convention Center4.514.5 mi
- Veterans United Home Loans Amphitheater at Virginia Beach4.411.5 mi
- Topgolf Virginia Beach4.45.2 mi
- Virginia Zoo4.52.2 mi
- First Landing State Park4.712.2 mi
- Norfolk Botanical Garden4.82.4 mi
- Mount Trashmore Park4.77.9 mi
- Apex Entertainment Virginia Beach4.56.9 mi
- Virginia Aquarium & Marine Science Center4.415.1 mi
- Chrysler Museum of Art4.83.8 mi
- Virginia Living Museum4.717.9 mi
- Nauticus4.74.3 mi
- Cape Henry Lighthouse4.413.1 mi
- First Landing State Park4.712.2 mi
- Norfolk Botanical Garden4.82.4 mi
- Mount Trashmore Park4.77.9 mi
- Buckroe Beach and Park4.610.5 mi
- Oak Grove Park4.79.6 mi
- VIG Portsmouth3.46.6 mi
- Cavalier Golf & Yacht Club4.713.2 mi
- Hampton Yacht Club4.610.4 mi
- Tidewater Yacht Marina4.74.7 mi
- Salt Ponds Marina Resort4.311.4 mi
- Topgolf Virginia Beach4.45.2 mi
- Sewells Point Golf Course4.33.2 mi
- Greenbrier Country Club4.58.9 mi
- Riverfront Golf Club4.411.2 mi
- Bide-A-Wee Golf Course4.48.2 mi
- Lynnhaven Mall4.410.9 mi
- Norfolk Premium Outlets4.42.5 mi
- Greenbrier Mall4.17.9 mi
- Navy Exchange Main4.55.1 mi
- Grand Mart4.44.3 mi
- Norfolk International Airport4.32.4 mi
- Naval Air Station Oceana4.313.3 mi
- Newport News/Williamsburg International Airport4.421.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
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%).