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ZIP Code 23507

Norfolk, Virginia

ZCTA 23507

Juniper

ZIP Code 23507 is in the lowest 5% nationally for FEMA risk score. It also sits in the lowest 2% nationally for home price growth over five years. And it sits in the highest 14% nationally for home price against income.

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

$612,120

Higher than 84% of U.S. ZIP codes
Home Price Growth, Past Five Years

21%

Lower than 98% of U.S. ZIP codes
FEMA Risk Score0–100; 0 = lowest modelled risk, 100 = highest, vs places of the same type

19.5

Lower than 95% of U.S. ZIP codes

The boundary of ZIP Code 23507, in Norfolk, Virginia.

The basics

Total Population

6,645

Median Age

34.9

Population Density

7,320.58

Home values & property tax

Median Property Tax

$5,364

Property Tax Rateyearly tax as a share of home value

0.97%

Cost of living & affordability

Home Price vs Incomeyears of income to buy a typical home

5.32×

Higher than 86% of U.S. ZIP codes
Median Income

$104,295

Higher than 84% of U.S. ZIP codes
Median Rent

$1,498

Higher than 78% of U.S. ZIP codes

Home prices & appreciation

Home Price Growth, Past Year

0.93%

Lower than 70% of U.S. ZIP codes
Pandemic Price Run-Up2019–20 low → 2022–23 peak

15%

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

14%

Climate & weather

Summer Avg High (°F)

85.9

Winter Avg Low (°F)

34.1

Avg Temperature (°F)

60.1

Hot Days/yr (>90°F)

35.2

Freezing Days/yr (<32°F)

50.5

Annual Precipitation (in)

50

Annual Snowfall (in)

3

Flood & disaster risk

Coastal Flood Loss per $1,000

$0.07

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 23507: frequently asked questions

What is the typical home value in ZIP Code 23507?
The estimated median home value in ZIP Code 23507 today is $612,120, higher than 84% of U.S. ZIP codes.
How much is property tax in ZIP Code 23507?
The median annual property tax in ZIP Code 23507 is $5,364, an effective rate of 0.97% of home value.
Is ZIP Code 23507 expensive to live in?
Homes in ZIP Code 23507 cost about 5.32× the median household income, higher than 86% of U.S. ZIP codes.
What is the average rent in ZIP Code 23507?
The median gross rent in ZIP Code 23507 is $1,498 a month, higher than 78% of U.S. ZIP codes.
How much have home prices grown in ZIP Code 23507?
Home prices in ZIP Code 23507 have moved 21% over the past five years (0.93% in the past year), per the FHFA House Price Index.
How many people live in ZIP Code 23507?
ZIP Code 23507 has a population of 6,645, about 7,320.58 people per square mile, per the U.S. Census American Community Survey. The median age is 34.9.
What is the weather like in ZIP Code 23507?
ZIP Code 23507 averages 60.1°F year-round, summer highs near 85.9°F, winter lows around 34.1°F (NOAA 1991–2020 normals). It sees about 3 inches of snow a year.
Is ZIP Code 23507 at risk of flooding or natural disasters?
ZIP Code 23507's FEMA National Risk Index score is 19.5 (lower than 95% of U.S. ZIP codes). Its greatest modeled natural hazard is hurricane. Expected annual loss from flooding is $0.07 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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