ZIP Code 23508 — Norfolk city, VA Demographics & Data

ZIP code 23508 covers Norfolk, VA in Norfolk city with a population of about 20,119.

At a glance, the area shows median age of 23.9 versus a U.S. median of about 38.9.

It sits in telephone area codes 757, 948; U.S. House district VA-3; the NORFOLK - PORTSMTH - NEWPT NWS media market.

Norfolk, VA sits in a university / college context (near old dominion university (0.2 mi)). Expect stronger interest in student housing, rentals, walkability, transit, and a younger adult age mix versus typical suburban ZIPs.

Median household income in ZIP 23508 is about $74,524 — about even with the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 17.3%; unemployment rate near 6.1%; 55.6% of adults with a bachelor’s degree or higher (about 21.9 points above the national share (33.7%)).

Labor and commute patterns include leading industry context around Education, Food services, and Retail trade; about 11.6% of workers reporting work-from-home (about 3.6 points below the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $384,800 — about 11% above the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $1,177 (about even with the U.S. median rent ($1,163)), and owner-occupancy near 50.9% (about 14.5 points below the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 23508 in Norfolk, VA, a household would need roughly $106,000 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 $2,472. That is about 42% above the local median household income ($74,524), 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.

Climate normals for Norfolk city, VA show little to no average snow and around 53.3 inches of annual precipitation.

IRS migration statistics show a net inflow of about 1,135 for ZIP 23508 (Norfolk city, VA) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.