Norfolk, VA · standard

ZIP Code 23503

Norfolk County, Virginia — Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.

30,856
2,317/sq mi
$67,649
Median income
$293,100
Median home value
31.4%
Bachelor's or higher

The verdict

Norfolk pairs a below-median household income with above-median home values, in a suburban-density, mixed-tenure area.

43th pct
household income, US ZIPs
Top 34%
home value, US ZIPs
2,317
people per sq mi
47%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 23503 against every reporting US ZIP.

ZIP code 23503 is classified by USPS as a standard delivery area and covers roughly 13.3 square miles in Norfolk, Norfolk County, Virginia. The area is home to 30,856 residents, producing a population density of 2,317 people per square mile, and falls within the New York time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 23503 against Virginia and the nation.

On the economic side, the median household income for ZIP 23503 sits at $67,649 (21% below the Virginia average), while per-capita income is $42,758. The poverty rate stands at 11.2% and the unemployment rate at 3.4%. On housing, the median home value is $293,100 (12% below the state average) with median rent at $1,224 per month, and 47.4% of occupied units are owner-occupied, a direct signal of whether 23503 behaves more like a homeowner neighborhood or a renter-heavy ZIP.

Education and household profile round out the picture: 31.4% of adults hold a bachelor's degree or higher, the median age is 35.5, and the average commute is 27 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Norfolk County, so you can benchmark 23503 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →

Top industries in ZIP 23503

Top 5 sectors by establishment count

Which industries have the most business establishments in ZIP 23503.

establishments

What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.

Source U.S. Census Bureau · ZIP Code Business Patterns (ZBP) As of 2023

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, FHFA HPI for ZIP 23503, Norfolk, VA · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; HUD FMR + FHFA HPI updated quarterly/annually.

Quick Facts

30,856

Population

13.3

Area (sq mi)

2,317

People / sq mi

New York

Time Zone

standard

ZIP Type

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 23503?

35.5

Median Age

50.9%

Male

49.1%

Female

8.6%

Foreign-Born

White 61.3%
African American 18.0%
Asian 3.4%
American Indian or Alaska Native 1.4%
Native Hawaiian or Pacific Islander 0.4%
Two or More Ethnicities 10.4%
Hispanic or Latino 13.6%

Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

How much do residents earn?

$67,649

Median Household Income

-21% vs state

$42,758

Per Capita Income

11.2%

Poverty Rate

3.4%

Unemployment Rate

27.1 min

Mean Commute Time

How ZIP 23503 ranks nationally

Household income vs. every US ZIP code

Median household income — the full national distribution, with this ZIP marked

$67,649 43rd percentile higher than 43% of 30,318 US ZIPs

$0–$20,000: 118 US ZIPs (0%). Below this entry. $20,000–$40,000: 1,573 US ZIPs (5%). Below this entry. $40,000–$60,000: 7,092 US ZIPs (23%). Below this entry. $60,000–$80,000: 9,980 US ZIPs (33%). This entry sits in this band. $80,000–$100,000: 5,778 US ZIPs (19%). Above this entry. $100,000–$120,000: 2,855 US ZIPs (9%). Above this entry. $120,000–$140,000: 1,362 US ZIPs (4%). Above this entry. $140,000–$160,000: 686 US ZIPs (2%). Above this entry. $160,000–$180,000: 364 US ZIPs (1%). Above this entry. $180,000–$200,000: 186 US ZIPs (1%). Above this entry. $200,000–$220,000: 324 US ZIPs (1%). Above this entry. This ZIP $0 $200K+ every reporting US ZIP, bucketed by value

Each bar is a $20K-wide band; taller bars hold more US ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source U.S. Census Bureau — ACS 5-Year Estimates · 2019–2023

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What is the education profile here?

High School Graduate or Higher 58.2%
Bachelor's Degree or Higher 31.4%

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What does housing look like?

15,552

Total Housing Units

14,160

Occupied Units

1,392

Vacant Units

2.12

Avg Household Size

Occupancy Type

Owner 47.4%
Renter 52.6%

$293,100

Median Home Value

-12% vs state

$1,224

Median Rent

1964

Median Year Built

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

FHFA House Price Index, annual appreciation data based on repeat sales and appraisals

-0.4%

YoY Change (2024)

320

HPI Index (2000 = 100)

+220%

Total Change Since 2000

Home values in ZIP 23503 have decreased 0.4% over the past year (2024). Since 2000, this ZIP has seen +220% cumulative appreciation.

Year Annual Change HPI Index
2020 +5.2% 219
2021 +12.3% 246
2022 +14.0% 281
2023 +14.4% 321
2024 -0.4% 320

Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.

What businesses operate in this ZIP?

Census Bureau data shows 257 business establishments in ZIP 23503, employing approximately 1,746 people with a combined annual payroll of $49,126,000.

257

Businesses

1,746

Employees

$49.1M

Annual Payroll

13

Industry Sectors

Industry Establishments % of Total
Accommodation and food services 41 15.9%
Construction 39 15.2%
Other services (except public administration) 35 13.6%
Retail trade 29 11.3%
Real estate and rental and leasing 23 8.9%
Health care and social assistance 21 8.2%
Professional, scientific, and technical services 20 7.8%
Administrative and support and waste management and remediation services 15 5.8%
Finance and insurance 7 2.7%
Wholesale trade 6 2.3%
Transportation and warehousing 6 2.3%
Arts, entertainment, and recreation 6 2.3%
Information 4 1.6%

Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.

Nearby ZIP Codes

Want a side-by-side? Compare 23503 vs 23551 →

ZIP 23503 vs its nearest neighbors, by population

Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.

residents

What this shows Among its immediate neighbors, ZIP 23503 ranks the most populous — useful context the national average alone can't give.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023

ZIP 23503 vs its nearest neighbors, by median income

Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.

median income

What this shows By household income, ZIP 23503 ranks #6 of 9 neighboring ZIPs — local affluence varies block to block, not just metro to metro.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023
ZIP Code City Population Distance
23551 Norfolk, VA 930 2.1 mi
23511 Norfolk, VA 2,457 2.4 mi
23505 Norfolk, VA 28,503 2.6 mi
23509 Norfolk, VA 12,817 4.5 mi
23518 Norfolk, VA 28,095 3.4 mi
23513 Norfolk, VA 29,595 4.2 mi
23504 Norfolk, VA 23,483 6.3 mi
23651 Fort Monroe, VA 696 4.9 mi
23517 Norfolk, VA 4,484 5.6 mi
23508 Norfolk, VA 20,263 5.0 mi

More ZIP Codes in Norfolk County

Frequently Asked Questions

What county is ZIP code 23503 in?
ZIP code 23503 (Norfolk) is located in Norfolk County, Virginia. Norfolk County contains multiple ZIP codes, see the full list at /counties/norfolk-va.
What is the population of ZIP code 23503?
ZIP code 23503 in Norfolk, VA has a population of 30,856 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 23503?
The median household income in ZIP 23503 is $67,649, which is 11% below the national average of $76,288.
What is the average home value in ZIP 23503?
The median home value in ZIP 23503 is $293,100, which is 5% above the national average of $278,155.
What is the demographic makeup of ZIP 23503?
The largest racial group in ZIP 23503 is White at 61.3%. Hispanic or Latino residents make up 13.6% of the population.
How many businesses are in ZIP code 23503?
ZIP code 23503 has 257 business establishments employing approximately 1,746 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 23503?
The top industries by establishment count in ZIP 23503 are: Accommodation and food services (41), Construction (39), Other services (except public administration) (35). There are 13 industry sectors represented in total.
How have home values changed in ZIP code 23503?
According to the FHFA House Price Index, home values in ZIP 23503 decreased by 0.4% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 220%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 23503?
In ZIP code 23503, 58.2% of residents aged 25+ have a high school diploma or higher, and 31.4% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 23503?
The mean commute time for workers in ZIP code 23503 is 27.1 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend more time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 23503?
In ZIP code 23503, approximately 47.4% of occupied housing units are owner-occupied and 52.6% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 23503?
The poverty rate in ZIP code 23503 is 11.2% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

ZIP Code Research Guides

Official Data Resources for Norfolk, VA

Verify and explore additional data for this area using these official government sources.