Norfolk, VA · standard

ZIP Code 23507

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

25,818
11,101/sq mi
$104,295
Median income
$555,200
Median home value
73.2%
Bachelor's or higher

The verdict

Norfolk pairs an upper-quartile household income with upper-quartile home values, in a densely urban, mixed-tenure area.

Top 16%
household income, US ZIPs
Top 11%
home value, US ZIPs
11,101
people per sq mi
48%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 23507 against every reporting US ZIP.

ZIP code 23507 is classified by USPS as a standard delivery area and covers roughly 2.3 square miles in Norfolk, Norfolk County, Virginia. The area is home to 25,818 residents, producing a population density of 11,101 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 23507 against Virginia and the nation.

On the economic side, the median household income for ZIP 23507 sits at $104,295 (22% above the Virginia average), while per-capita income is $76,646. The poverty rate stands at 10.6% and the unemployment rate at 2.8%. On housing, the median home value is $555,200 (66% above the state average) with median rent at $1,498 per month, and 48.4% of occupied units are owner-occupied, a direct signal of whether 23507 behaves more like a homeowner neighborhood or a renter-heavy ZIP.

Education and household profile round out the picture: 73.2% of adults hold a bachelor's degree or higher, the median age is 34.9, and the average commute is 18 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Norfolk County, so you can benchmark 23507 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 23507

Top 5 sectors by establishment count

Which industries have the most business establishments in ZIP 23507.

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 23507, 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

25,818

Population

2.3

Area (sq mi)

11,101

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 23507?

34.9

Median Age

51.2%

Male

48.8%

Female

9.1%

Foreign-Born

White 76.9%
African American 7.3%
Asian 6.5%
American Indian or Alaska Native 0.0%
Native Hawaiian or Pacific Islander 0.1%
Two or More Ethnicities 7.8%
Hispanic or Latino 5.8%

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?

$104,295

Median Household Income

+22% vs state

$76,646

Per Capita Income

10.6%

Poverty Rate

2.8%

Unemployment Rate

18.3 min

Mean Commute Time

How ZIP 23507 ranks nationally

Household income vs. every US ZIP code

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

$104,295 Top 16% higher than 84% 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%). Below this entry. $80,000–$100,000: 5,778 US ZIPs (19%). Below this entry. $100,000–$120,000: 2,855 US ZIPs (9%). This entry sits in this band. $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 79.7%
Bachelor's Degree or Higher 73.2%

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

What does housing look like?

3,588

Total Housing Units

3,336

Occupied Units

252

Vacant Units

1.94

Avg Household Size

Occupancy Type

Owner 48.4%
Renter 51.6%

$555,200

Median Home Value

+66% vs state

$1,498

Median Rent

1938

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

+9.2%

YoY Change (2024)

239

HPI Index (2000 = 100)

+139%

Total Change Since 2000

Home values in ZIP 23507 have increased 9.2% over the past year (2024). Since 2000, this ZIP has seen +139% cumulative appreciation.

Year Annual Change HPI Index
2020 +5.2% 199
2021 +2.9% 205
2022 +5.4% 216
2023 +1.1% 219
2024 +9.2% 239

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 153 business establishments in ZIP 23507, employing approximately 9,737 people with a combined annual payroll of $740,258,000.

153

Businesses

9,737

Employees

$740.3M

Annual Payroll

12

Industry Sectors

Industry Establishments % of Total
Health care and social assistance 58 37.9%
Professional, scientific, and technical services 20 13.1%
Other services (except public administration) 15 9.8%
Retail trade 11 7.2%
Accommodation and food services 11 7.2%
Real estate and rental and leasing 8 5.2%
Finance and insurance 6 3.9%
Administrative and support and waste management and remediation services 6 3.9%
Transportation and warehousing 4 2.6%
Construction 3 2.0%
Manufacturing 3 2.0%
Wholesale trade 3 2.0%

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 23507 vs 23517 →

ZIP 23507 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 23507 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 23507 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 23507 ranks the highest 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
23517 Norfolk, VA 4,484 0.7 mi
23708 Portsmouth, VA 181 1.1 mi
23510 Norfolk, VA 7,031 1.1 mi
23508 Norfolk, VA 20,263 1.4 mi
23504 Norfolk, VA 23,483 2.1 mi
23704 Portsmouth, VA 18,716 2.8 mi
23709 Portsmouth, VA 78 3.6 mi
23707 Portsmouth, VA 14,236 2.5 mi
23509 Norfolk, VA 12,817 2.6 mi
23523 Norfolk, VA 7,793 2.8 mi

More ZIP Codes in Norfolk County

Frequently Asked Questions

What county is ZIP code 23507 in?
ZIP code 23507 (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 23507?
ZIP code 23507 in Norfolk, VA has a population of 25,818 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 23507?
The median household income in ZIP 23507 is $104,295, which is 37% above the national average of $76,288.
What is the average home value in ZIP 23507?
The median home value in ZIP 23507 is $555,200, which is 100% above the national average of $278,155.
What is the demographic makeup of ZIP 23507?
The largest racial group in ZIP 23507 is White at 76.9%. Hispanic or Latino residents make up 5.8% of the population.
How many businesses are in ZIP code 23507?
ZIP code 23507 has 153 business establishments employing approximately 9,737 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 23507?
The top industries by establishment count in ZIP 23507 are: Health care and social assistance (58), Professional, scientific, and technical services (20), Other services (except public administration) (15). There are 12 industry sectors represented in total.
How have home values changed in ZIP code 23507?
According to the FHFA House Price Index, home values in ZIP 23507 increased by 9.2% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 139%. 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 23507?
In ZIP code 23507, 79.7% of residents aged 25+ have a high school diploma or higher, and 73.2% 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 23507?
The mean commute time for workers in ZIP code 23507 is 18.3 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend less time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 23507?
In ZIP code 23507, approximately 48.4% of occupied housing units are owner-occupied and 51.6% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 23507?
The poverty rate in ZIP code 23507 is 10.6% 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.