Zip Code
23505
City
Norfolk, VA
Population & Migration
What is the forecasted population for Zip code 23505 Norfolk, VA?
- Population census 2020
- 29,508
- Forecasted population 2025
- 26,205
- -11.2% vs. 2020
- Forecasted population 2030
- 22,521
- -23.7% vs. 2020
Zip code 23505 Norfolk, VA population is forecasted to decrease -11.2% by 2025 (-15.9 points below the 4.7% national average).
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Housing and Affordability
With a forecasted population of 26,205 people for 2025 zip code 23505 Norfolk, VA will generate a good demand for housing, which is expected to have an excess of -3,098 houses for 2030. Vacancy rate is 1.0 points below national US average.
- Total homes available 2020
- 13,087
- Estimated total home demand in 2030
- 9,988
- Total homes balance inventory
- -3,098
Average Household Income in zip code 23505 Norfolk, VA
from Internal Revenue Service
- Average household income in 2021
- $82,358
Affordability
- Affordability Index
- 3
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 23505 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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