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ZIP Code 23505

Norfolk, Virginia

ZCTA 23505

Juniper

ZIP Code 23505 is in the lowest 4% nationally for FEMA risk score. It also sits in the highest 12% nationally for home price against income. And it sits in the lowest 23% nationally for home price growth over five years.

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

$370,273

Higher than 56% of U.S. ZIP codes
Home Price Growth, Past Five Years

42%

Lower than 77% of U.S. ZIP codes
FEMA Risk Score0–100; 0 = lowest modelled risk, 100 = highest, vs places of the same type

16.5

Lower than 96% of U.S. ZIP codes

The boundary of ZIP Code 23505, in Norfolk, Virginia.

The basics

Total Population

28,247

Median Age

32.5

Population Density

4,299.48

Home values & property tax

Median Property Tax

$3,598

Property Tax Rateyearly tax as a share of home value

1.1%

Cost of living & affordability

Home Price vs Incomeyears of income to buy a typical home

5.57×

Higher than 88% of U.S. ZIP codes
Median Income

$58,579

Lower than 73% of U.S. ZIP codes
Median Rent

$1,334

Higher than 71% of U.S. ZIP codes

Home prices & appreciation

Home Price Growth, Past Year

4.1%

Near the U.S. ZIP codes median
Pandemic Price Run-Up2019–20 low → 2022–23 peak

45%

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

19%

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

$0.09

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 23505: frequently asked questions

What is the typical home value in ZIP Code 23505?
The estimated median home value in ZIP Code 23505 today is $370,273, higher than 56% of U.S. ZIP codes.
How much is property tax in ZIP Code 23505?
The median annual property tax in ZIP Code 23505 is $3,598, an effective rate of 1.1% of home value.
Is ZIP Code 23505 expensive to live in?
Homes in ZIP Code 23505 cost about 5.57× the median household income, higher than 88% of U.S. ZIP codes.
What is the average rent in ZIP Code 23505?
The median gross rent in ZIP Code 23505 is $1,334 a month, higher than 71% of U.S. ZIP codes.
How much have home prices grown in ZIP Code 23505?
Home prices in ZIP Code 23505 have moved 42% over the past five years (4.1% in the past year), per the FHFA House Price Index.
How many people live in ZIP Code 23505?
ZIP Code 23505 has a population of 28,247, about 4,299.48 people per square mile, per the U.S. Census American Community Survey. The median age is 32.5.
What is the weather like in ZIP Code 23505?
ZIP Code 23505 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 23505 at risk of flooding or natural disasters?
ZIP Code 23505's FEMA National Risk Index score is 16.5 (lower than 96% of U.S. ZIP codes). Its greatest modeled natural hazard is inland flooding. Expected annual loss from flooding is $0.09 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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