ZIP Code 23503 — Norfolk city, VA Demographics & Data

ZIP code 23503 covers Norfolk, VA in Norfolk city with a population of about 30,559.

At a glance, the area shows median age of 35.5 versus a U.S. median of about 38.9.

It sits in telephone area codes 757, 948; U.S. House district VA-3; the NORFOLK - PORTSMTH - NEWPT NWS media market.

Norfolk, VA reads as a military / base-oriented community on US5’s intent model (elevated veteran share (19.5%) and/or base-related place names). Service members and families often look up Basic Allowance for Housing (BAH) rates, on-base mail (PSC / P.O. Box) addresses, and nearby ZIP demographics when relocating.

US5 shows 2026 DoD BAH locality rates for this ZIP’s Military Housing Area on this page (pay grade × with/without dependents). Treat the table as a planning reference and confirm entitlement with your finance office or the official DTMO BAH lookup.

Median household income in ZIP 23503 is about $62,428 — about 17% below the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 13.0%; unemployment rate near 4.1%; 30.9% of adults with a bachelor’s degree or higher (about 2.8 points below the national share (33.7%)).

Labor and commute patterns include leading industry context around Retail trade, Healthcare, and Construction; about 6.5% of workers reporting work-from-home (about 8.7 points below the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $273,100 — about 22% below the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $1,032 (about 11% below the U.S. median rent ($1,163)), and owner-occupancy near 49.0% (about 16.4 points below the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 23503 in Norfolk, VA, a household would need roughly $75,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,754. That is about 20% above the local median household income ($62,428), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Climate normals for Norfolk city, VA show little to no average snow and around 45.7 inches of annual precipitation.

IRS migration statistics show a net inflow of about 1,724 for ZIP 23503 (Norfolk city, VA) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.