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Norfolk city, VA

ZIP 23510 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 23510

Median Home Value
$349,700
Median Rent
$1,500
Affordability Snapshot
$96,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,246/mo PITI).

24%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.6x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

19.4 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 23510 in Norfolk city, VA, a household would need roughly $96,000 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 $2,246. That is about 27% above the local median household income ($75,621), 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.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
20.0%-69% vs US avg
x
Vacancy Rate
9.2%-11% vs US avg
x
Broadband Access
89.0%+2% vs US avg
x
4+ Bedrooms
0.7%-95% vs US avg
x
Built Pre-1939
3.5%-73% vs US avg
x
Built Post-2014
1.3%-82% vs US avg
x
Rent Burden >30%
17.5%-65% vs US avg
x
Mortgage-Free
35.3%-8% vs US avg
x
$349,700
Home Value
$1,500
Rent
1983
Year Built
2019
Moved In

Residents have lived here since ~2019 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached4.6%
  • 1-unit attached5.2%
  • 2-9 units12.5%
  • 10+ units77.7%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$349,700
Median rent$1,500
Owner-occupied20.0%
Vacant9.2%
Price-to-income4.6x
Est. income to buy$96,000