US5.com
  1. Home
  2. States
  3. Virginia
  4. ZIP 23517
  5. Housing & Real Estate
Norfolk city, VA

ZIP 23517 — 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 23517

Median Home Value
$355,800
Median Rent
$1,238
Affordability Snapshot
$98,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,286/mo PITI).

23%
Rent-to-Income Ratio

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

5.6x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

23.9 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 23517 in Norfolk city, VA, a household would need roughly $98,000 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 $2,286. That is about 54% above the local median household income ($63,556), 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
25.0%-62% vs US avg
x
Vacancy Rate
4.0%-61% vs US avg
x
Broadband Access
87.8%+1% vs US avg
x
4+ Bedrooms
2.3%-84% vs US avg
x
Built Pre-1939
6.9%-46% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
22.5%-55% vs US avg
x
Mortgage-Free
30.9%-19% vs US avg
x
$355,800
Home Value
$1,238
Rent
1950
Year Built
N/A
Moved In
Housing Structure

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

  • 1-unit detached23.9%
  • 1-unit attached4.9%
  • 2-9 units25.3%
  • 10+ units45.9%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$355,800
Median rent$1,238
Owner-occupied25.0%
Vacant4.0%
Price-to-income5.6x
Est. income to buy$98,000