What the Pros Know

230,930

Population

0.7% YoY

2023

30.6

Median Age

1% YoY

2022

$60,998

Median Household Income

8.5% YoY

2022

108,270

Labor Force

0.8% MoM

6.2% YoY

7/2025

103,454

Employed

0.8% MoM

6.9% YoY

7/2025

4.4%

Unemployment Rate

0% MoM

18.9% YoY

7/2025

$342,500

Median Sale Price

2.3% MoM

8.7% YoY

8/2025

214

Homes Sold

11.2% MoM

10.5% YoY

8/2025

2.0

Months Inventory

14.9% MoM

23.5% YoY

8/2025

33

Days on Market

11 MoM

6 YoY

8/2025

421

Listings

6.0% MoM

0.7% YoY

8/2025

210

Price per Sq Ft

5% MoM

2.9% YoY

8/2025

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Cities included in Norfolk: Norfolk


Zip Codes included in Norfolk: [Click for zip code level data] 23502, 23503, 23504, 23505, 23507, 23508, 23509, 23510, 23511, 23513, 23517, 23518, 23523, 23551


 1.  Population Data from U.S. Census Bureau.
 2.  Employment Data from Bureau of Labor and Statistics
 3.  Sales Data provided by Redfin, a national real estate brokerage.

MoM = Month over Month. The percentage change from the previous month to the current month.
YoY = Year over Year. The percentage change from the same period the previous year to the current period.

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