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ZIP Code 23508

Norfolk, Virginia

ZCTA 23508

Juniper

ZIP Code 23508 is in the lowest 11% nationally for FEMA risk score. It also sits in the highest 13% nationally for home price against income. And it sits in the lowest 15% nationally for home price growth over five years.

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

$472,047

Higher than 71% of U.S. ZIP codes
Home Price Growth, Past Five Years

37%

Lower than 85% of U.S. ZIP codes
FEMA Risk Score0–100; 0 = lowest modelled risk, 100 = highest, vs places of the same type

27.7

Lower than 89% of U.S. ZIP codes

The boundary of ZIP Code 23508, in Norfolk, Virginia.

The basics

Total Population

19,432

Median Age

25.2

Population Density

5,817.2

Home values & property tax

Median Property Tax

$4,283

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

5.45×

Higher than 87% of U.S. ZIP codes
Median Income

$74,885

Near the U.S. ZIP codes median
Median Rent

$1,464

Higher than 77% of U.S. ZIP codes

Home prices & appreciation

Home Price Growth, Past Year

1.3%

Lower than 68% of U.S. ZIP codes
Pandemic Price Run-Up2019–20 low → 2022–23 peak

34%

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

17%

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

$0.12

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 23508: frequently asked questions

What is the typical home value in ZIP Code 23508?
The estimated median home value in ZIP Code 23508 today is $472,047, higher than 71% of U.S. ZIP codes.
How much is property tax in ZIP Code 23508?
The median annual property tax in ZIP Code 23508 is $4,283, an effective rate of 1.1% of home value.
Is ZIP Code 23508 expensive to live in?
Homes in ZIP Code 23508 cost about 5.45× the median household income, higher than 87% of U.S. ZIP codes.
What is the average rent in ZIP Code 23508?
The median gross rent in ZIP Code 23508 is $1,464 a month, higher than 77% of U.S. ZIP codes.
How much have home prices grown in ZIP Code 23508?
Home prices in ZIP Code 23508 have moved 37% over the past five years (1.3% in the past year), per the FHFA House Price Index.
How many people live in ZIP Code 23508?
ZIP Code 23508 has a population of 19,432, about 5,817.2 people per square mile, per the U.S. Census American Community Survey. The median age is 25.2.
What is the weather like in ZIP Code 23508?
ZIP Code 23508 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 23508 at risk of flooding or natural disasters?
ZIP Code 23508's FEMA National Risk Index score is 27.7 (lower than 89% of U.S. ZIP codes). Its greatest modeled natural hazard is hurricane. Expected annual loss from flooding is $0.12 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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