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ZIP Code 23503

Norfolk, Virginia

ZCTA 23503

Juniper

ZIP Code 23503 is in the lowest 1% nationally for FEMA risk score. It also sits in the highest 23% nationally for home price against income. And it sits in the highest 35% nationally for median rent.

Typical Home Valuemedian home value (ACS), re-priced to today on the FHFA index

$340,091

Near the U.S. ZIP codes median
Home Price Growth, Past Five Years

48%

Lower than 61% of U.S. ZIP codes
FEMA Risk Score0–100; 0 = lowest modelled risk, 100 = highest, vs places of the same type

7.7

Lower than 99% of U.S. ZIP codes

The boundary of ZIP Code 23503, in Norfolk, Virginia.

The basics

Total Population

30,216

Median Age

35.5

Population Density

5,988.53

Home values & property tax

Median Property Tax

$2,826

Property Tax Rateyearly tax as a share of home value

0.96%

Cost of living & affordability

Home Price vs Incomeyears of income to buy a typical home

4.33×

Higher than 77% of U.S. ZIP codes
Median Income

$67,649

Lower than 57% of U.S. ZIP codes
Median Rent

$1,224

Higher than 65% of U.S. ZIP codes

Home prices & appreciation

Home Price Growth, Past Year

1.8%

Lower than 64% of U.S. ZIP codes
Pandemic Price Run-Up2019–20 low → 2022–23 peak

53%

2008 Crash: Peak-to-Trough Drophow far prices fell, 2007 → 2011

23%

Climate & weather

Summer Avg High (°F)

86.5

Winter Avg Low (°F)

35.8

Avg Temperature (°F)

61.4

Hot Days/yr (>90°F)

41.5

Freezing Days/yr (<32°F)

32.5

Annual Precipitation (in)

45.7

Annual Snowfall (in)

3

Flood & disaster risk

Coastal Flood Loss per $1,000

$0.05

The full report

Six pillars — each with percentile benchmarks, 16-year trends, and per-metric detail.

  • People

  • Work & Money

  • Housing

  • Amenities

  • Climate

  • Environment & Risk

ZIP Code 23503: frequently asked questions

What is the typical home value in ZIP Code 23503?
The estimated median home value in ZIP Code 23503 today is $340,091, near the U.S. ZIP codes median.
How much is property tax in ZIP Code 23503?
The median annual property tax in ZIP Code 23503 is $2,826, an effective rate of 0.96% of home value.
Is ZIP Code 23503 expensive to live in?
Homes in ZIP Code 23503 cost about 4.33× the median household income, higher than 77% of U.S. ZIP codes.
What is the average rent in ZIP Code 23503?
The median gross rent in ZIP Code 23503 is $1,224 a month, higher than 65% of U.S. ZIP codes.
How much have home prices grown in ZIP Code 23503?
Home prices in ZIP Code 23503 have moved 48% over the past five years (1.8% in the past year), per the FHFA House Price Index.
How many people live in ZIP Code 23503?
ZIP Code 23503 has a population of 30,216, about 5,988.53 people per square mile, per the U.S. Census American Community Survey. The median age is 35.5.
What is the weather like in ZIP Code 23503?
ZIP Code 23503 averages 61.4°F year-round, summer highs near 86.5°F, winter lows around 35.8°F (NOAA 1991–2020 normals). It sees about 3 inches of snow a year.
Is ZIP Code 23503 at risk of flooding or natural disasters?
ZIP Code 23503's FEMA National Risk Index score is 7.7 (lower than 99% of U.S. ZIP codes). Its greatest modeled natural hazard is inland flooding. Expected annual loss from flooding is $0.05 per $1,000 of building value.

Sources: U.S. Census ACS, FEMA National Risk Index, FHFA House Price Index, OpenStreetMap contributors (ODbL), EPA. Explore the map →

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