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ZIP Code · VA

ZIP 23502

Part of Norfolk, VA
Pop. 20,399·Norfolk City·157th most expensive ZIP in Virginia
Median rent (all units)
$1,632/mo
Year-over-Year
-12.9%
Month-over-Month
-1.6%
vs US Median
-$333
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 23502 · $1,632
More affordable than 64% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,380
1 BR
$1,390
2 BR
$1,580
3 BR
$2,190
4 BR+
$2,580
Research median
$1,580/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$19,584/yr
At $1,632/mo median
Location
StateVA
CountyNorfolk City
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 12.9% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-12.9% YoY, -1.6% MoM), not inventory.
Demographics

Who lives here

ZIP 23502 (Norfolk, VA) is roughly split between renters and owners, has a median income below the national average, 23.4% of residents hold a bachelor's degree or higher.

Population
20,399
Median income
$63,208
Median age
37.3
Renters
55%
Age distribution
20.6%
25.5%
23.7%
15.9%
14.3%
Under 1820.6%
18–3425.5%
35–5423.7%
55–6415.9%
65+14.3%
Gender
50.5%
49.5%
Male50.5%
Female49.5%
Race & ethnicity
30.6%
48.8%
13.4%
White30.6%
Black48.8%
Hispanic13.4%
Asian3.8%
Other3.4%
Education (25+)
33.6%
31.6%
23.4%
No HS diploma11.4%
HS diploma33.6%
Some college31.6%
Bachelor's+23.4%
Housing tenure
45%
55%
Owner45%
Renter55%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 23502 in Norfolk, VA has changed in 5 years

Income
$61,358 → $63,208
up 3.0%
Population
19,871 → 20,399
up 2.7%
Renter share
47.7% → 55%
+7.3 pts
Bachelor's+
25.6% → 23.4%
-2.2 pts
Median age
36.8 → 37.3
+0.5 yrs

On the earnings side, the typical household in ZIP 23502 in Norfolk, VA now reports about $63,208, up from $61,358 in 2021. Headcount in the area went from 19,871 to 20,399 between 2021 and 2024, a 2.7% change. About 55% of households rent today, against 47.7% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 25.6% to 23.4%.

Community

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Local insights

Tips for renters in ZIP 23502

About renting in ZIP 23502

Last updated: July 20, 2026

ZIP code 23502 covers Norfolk, VA. The median rent here is $1,632/mo as of July 2026. A 1-bedroom rents for a median of $1,390/mo. A 2-bedroom rents for a median of $1,580/mo.

At 31% of local median household income ($63,208/yr), ZIP 23502 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 12.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 23502?

As of July 20, 2026, the median monthly rent in ZIP 23502 (Norfolk, VA) is $1,632. This is based on aggregated data from public sources and community submissions.

How does ZIP 23502 rent compare to the US average?

ZIP 23502's median rent of $1,632/mo is $333 (17%) below the US national median of $1,965/mo.

How does ZIP 23502 compare to other ZIPs in Virginia?

ZIP 23502 is among the more affordable ZIP codes in Virginia, ranking #157 out of 198 ZIPs at $1,632/mo.

How much income do you need to rent in ZIP 23502?

To keep rent at or below 30% of gross income, you would need to earn at least $65,000/year (~$31/hour full-time) to afford the median rent of $1,632/mo in ZIP 23502. The local median household income is $63,208/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 23502?

Rent in ZIP 23502 has decreased 12.9% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 23502 an affordable place to rent?

ZIP 23502 is considered moderate for renters. At $1,632/mo, rent takes approximately 31% of the local median household income ($63,208/yr). The standard benchmark is 30%. ZIP 23502 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 23502 residents rent vs. own?

According to Census data, approximately 55% of ZIP 23502 households are renters, while 45% are owner-occupied. With a majority renter population, ZIP 23502 has a strong rental market.

How does ZIP 23502 compare to the rest of Norfolk?

ZIP 23502 is more affordable than Norfolk overall. At $1,632/mo, it's $120 below the Norfolk citywide median of $1,752/mo.

When was rent data for ZIP 23502 last updated?

Rent data for ZIP 23502 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
31%
MODERATE

At $1,632/mo, rent takes ~31% of ZIP 23502's median household income ($63,208/yr). The standard benchmark is 30%.

ZIP 23502 31%Benchmark 30%
State income tax2–5.75%
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Schools nearby

Public schools near ZIP 23502 (Norfolk, VA)

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