Virginia Beach-Norfolk-Newport News, VA-NC · Virginia
Norfolk city
ZIP 23508
235,037 residents149 permits TTM$64,017 median HHI14 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$271,900
ACS 5-Year
Cap rate proxy
7.6%
FMR × 0.65 ÷ Home Value
Rent-to-income
23.4%
HUD FMR ÷ ACS HHI
Net migration
+3.32%
IRS SOI
Permits (TTM)
149
Census BPS
Climate risk
81.2
FEMA NRI (0–100)
ZIP 23508
Median home value
$271,900
Gross yield
7.4%
Buy Box score
0.8
Section 8 gap
34.8%
Affordability
P/I: 5.9R/I: 34.3%
Section 8 detail
SAFMR: $1,680Rent: $1,246Gap: 34.8%
ZIP code breakdown14 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Buy Box score ↓ | Section 8 gap |
|---|---|---|---|---|---|
| 23511 | $271,900 | $2,440 | 10.8% | 1.0 | 95.8% |
| 23509 | $271,900 | $1,610 | 7.1% | 1.0 | 29.2% |
| 23502 | $271,900 | $1,580 | 7.0% | 1.0 | 26.8% |
| 23513 | $271,900 | $1,590 | 7.0% | 0.9 | 27.6% |
| 23510 | $271,900 | $1,990 | 8.8% | 0.9 | 59.7% |
| 23504 | $271,900 | $1,450 | 6.4% | 0.9 | 16.4% |
| 23518 | $271,900 | $1,660 | 7.3% | 0.9 | 33.2% |
| 23523 | $271,900 | $1,410 | 6.2% | 0.9 | 13.2% |
| 23517 | $271,900 | $1,660 | 7.3% | 0.9 | 33.2% |
| 23505 | $271,900 | $1,650 | 7.3% | 0.9 | 32.4% |
| 23503 | $271,900 | $1,600 | 7.1% | 0.9 | 28.4% |
| 23508 | $271,900 | $1,680 | 7.4% | 0.8 | 34.8% |
| 23507 | $271,900 | $1,730 | 7.6% | 0.3 | 38.8% |
| 23551 | $271,900 | $1,890 | 8.3% | — | 51.7% |
Sort by any column. Click a ZIP for detail.
Demographics
Owner-occupied
45.7%
Census ACS
Vacancy rate
7.9%
Census ACS
Bachelor's degree +
32.7%
Census ACS
Rent burdened
51.2%
Census ACS (>30% income)
Median age
32.4
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026