Median home value in zip code 23503 (Norfolk, VA) is $305,982, up 1.1% year over year. Part of the Virginia Beach-Norfolk-Newport News, VA-NC metropolitan area.

Home Value$305,982

YoY Change

+1.1%

Prices rising — worse for buyers.

Affordability

Enter your income for 23503 (Norfolk).

Income (annual)

Down Payment

$61,196 on $305,982

Example: $75,000 household income. Change it above to see your own.

Stretch30.5% of income

Above 28% but manageable with cuts.

PITI$1,905

P/I30.5%

Afford$281K

Gap-$25K

P&I $1,547Tax $224Ins $133

6.50% 30yr, 20% down, county tax + VA ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Metro Analysis

23503 is part of the Virginia Beach-Norfolk-Newport News, VA-NC metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

View Virginia Beach-Norfolk-Newport News, VA-NC analysis

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