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A market with no active rental pool to price against. The sale-side figures below are the whole picture.
What would change this read: the median listing price is +4.1% YoY. inventory, −13.8% YoY, is the number to watch.
The median listing price is up 4.1% YoY while the median home got up 3.8% bigger, so value per square foot is down 0.7%.
U.S. Census ACS characteristics for ZIP 23509 itself, not its parent county.
Renters hold 37.8% of this ZIP's 5,360 occupied households, on a median household income of $73K.
| Measure | ZIP 23509 | Norfolk city | Difference |
|---|---|---|---|
| Median Household Income | $73K | $66K | +$7K |
| Below Poverty Level | 15.2% | 16.5% | -1.3% |
| Median Age | 38.90 | 32.70 | +6.20 |
| Total Population | 13,105 | 233,596 | -- |
| Avg Household Size | 2.43 | 2.25 | +0.18 |
| Owner-Occupied | 62.2% | 46.3% | +15.8% |
| Worked From Home | 10.7% | 10.2% | +0.5% |
| Mean Commute | 23.20 | 23.00 | +0.20 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is down 0.6% to 233,596: residents under 18 are down 1.2% and those 65 and over are up 3.0%.
County median household income is $66K, 16.5% of residents are below the poverty level, 10.2% work from home.