RentDataNowRentDataNow
ZIP Code · VA

ZIP 23504

Part of Norfolk, VA
Pop. 23,502·Norfolk City·162nd most expensive ZIP in Virginia
Median rent (all units)
$1,604/mo
Year-over-Year
+9.2%
Month-over-Month
+10.1%
vs US Median
-$361
Rising (Monthly)
Be the first to discuss 23504 rents ↓
Most AffordableMost Expensive
ZIP 23504 · $1,604
More affordable than 66% of US ZIP codes · National median $1,965/mo
Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$1,260
1 BR
$1,280
2 BR
$1,450
3 BR
$2,010
4 BR+
$2,370
Research median
$1,450/mo

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

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost
$19,248/yr
At $1,604/mo median
Location
StateVA
CountyNorfolk City
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 9.2% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+9.2% YoY, +10.1% MoM), not inventory.
Demographics

Who lives here

ZIP 23504 (Norfolk, VA) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 27.2% of residents hold a bachelor's degree or higher.

Population
23,502
Median income
$44,659
Median age
28
Renters
61.1%
Age distribution
27.4%
33.2%
19.6%
Under 1827.4%
18–3433.2%
35–5419.6%
55–649.1%
65+10.6%
Gender
45%
55%
Male45%
Female55%
Race & ethnicity
13.1%
78.3%
White13.1%
Black78.3%
Hispanic4.4%
Asian0.5%
Other3.7%
Education (25+)
15.2%
29.8%
27.8%
27.2%
No HS diploma15.2%
HS diploma29.8%
Some college27.8%
Bachelor's+27.2%
Housing tenure
38.9%
61.1%
Owner38.9%
Renter61.1%

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

2021 vs 2026

How ZIP 23504 in Norfolk, VA has changed in 5 years

Income
$34,016 → $44,659
up 31.3%
Population
23,417 → 23,502
up 0.4%
Renter share
67.3% → 61.1%
-6.2 pts
Bachelor's+
21.6% → 27.2%
+5.6 pts

Median household income climbed from $34,016 to $44,659 between 2021 and 2024, a 31.3% shift. The renter share has eased from 67.3% to 61.1%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 21.6% to 27.2% across the same window.

Community

Discussions about ZIP 23504

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 23504

About renting in ZIP 23504

Last updated: July 20, 2026

ZIP code 23504 covers Norfolk, VA. The median rent here is $1,604/mo as of July 2026. A 1-bedroom rents for a median of $1,280/mo. A 2-bedroom rents for a median of $1,450/mo.

At 43% of local median household income ($44,659/yr), ZIP 23504 ranks as moderate compared to the national benchmark of 30%. Rents have increased 9.2% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 23504?

As of July 20, 2026, the median monthly rent in ZIP 23504 (Norfolk, VA) is $1,604. This is based on aggregated data from public sources and community submissions.

How does ZIP 23504 rent compare to the US average?

ZIP 23504's median rent of $1,604/mo is $361 (18%) below the US national median of $1,965/mo.

How does ZIP 23504 compare to other ZIPs in Virginia?

ZIP 23504 is among the more affordable ZIP codes in Virginia, ranking #162 out of 198 ZIPs at $1,604/mo.

How much income do you need to rent in ZIP 23504?

To keep rent at or below 30% of gross income, you would need to earn at least $64,000/year (~$31/hour full-time) to afford the median rent of $1,604/mo in ZIP 23504. The local median household income is $44,659/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 23504?

Rent in ZIP 23504 has increased 9.2% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 23504 an affordable place to rent?

ZIP 23504 is considered stretched for renters. At $1,604/mo, rent takes approximately 43% of the local median household income ($44,659/yr). The standard benchmark is 30%. ZIP 23504 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 23504 residents rent vs. own?

According to Census data, approximately 61.1% of ZIP 23504 households are renters, while 38.9% are owner-occupied. With a majority renter population, ZIP 23504 has a strong rental market.

How does ZIP 23504 compare to the rest of Norfolk?

ZIP 23504 is more affordable than Norfolk overall. At $1,604/mo, it's $148 below the Norfolk citywide median of $1,752/mo.

When was rent data for ZIP 23504 last updated?

Rent data for ZIP 23504 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
43%
STRETCHED

At $1,604/mo, rent takes ~43% of ZIP 23504's median household income ($44,659/yr). The standard benchmark is 30%.

ZIP 23504 43%Benchmark 30%
State income tax2–5.75%
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Schools nearby

Public schools near ZIP 23504 (Norfolk, VA)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.