Zip Code
23503
City
Norfolk, VA
Population & Migration
What is the forecasted population for Zip code 23503 Norfolk, VA?
- Population census 2020
- 32,815
- Forecasted population 2025
- 30,410
- -7.3% vs. 2020
- Forecasted population 2030
- 29,661
- -9.6% vs. 2020
Zip code 23503 Norfolk, VA population is forecasted to decrease -7.3% by 2025 (-12.0 points below the 4.7% national average).
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Housing and Affordability
With a forecasted population of 30,410 people for 2025 zip code 23503 Norfolk, VA will generate a good demand for housing, which is expected to have a deficit of 326 houses for 2030. Vacancy rate is 3.5 points below national US average.
- Total homes available 2020
- 14,935
- Estimated total home demand in 2030
- 15,261
- Total homes balance inventory
- 326
Average Household Income in zip code 23503 Norfolk, VA
from Internal Revenue Service
- Average household income in 2021
- $73,496
Affordability
- Affordability Index
- 4
Affordability indicates the ability of potential homebuyers to afford a home measured in number of years needed to pay a house. Example: Home Price 500,000 / Household Income 100,000 = 5 Years = Index 5
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Climate Resiliency
Drinking water violations
How is the quality of drinking water in Zip code 23503 Norfolk, VA?
County total number of drinking water violations
0
NaN%
0
County total number of drinking water contaminations
0
NaN%
0
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