ZIP Code 23518 -- Norfolk, VA

Norfolk city | 2024 American Community Survey Data

Quick Overview

Population
29,746
Unknown
Median Income
$77,594
Home Value
$300,700
Median Rent
$1,425
Median Age
37.40
Diversity Index
62.50
High
Cost of Living
111.9
above average
Unemployment
3.1%

About ZIP Code 23518

ZIP code 23518 in Norfolk, Virginia is a unknown area with a population of 29,746. The median household income is $77,594, which is This is 3% above the national median of $75,000.. The median home value is $300,700, representing a price-to-income ratio of 3.9x . The cost of living is above average with an index of 111.9 (the national average is 100). Residents have a median age of 37.40 years. Approximately 34.3% of adults hold a bachelor's degree or higher. This ZIP code is located in Norfolk city, VA.

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Population & Age

Total Population
29,746
Median Age
37.40
Male Population
15,008
50.5%
Female Population
14,738
49.5%
Density Classification
Unknown

Age Distribution

Race & Ethnicity

Diversity Index
62.50 High
White
61.5%
Black or African American
21.9%
Hispanic or Latino
9.0%
Asian
4.3%
Native American
0.1%
Pacific Islander
0.0%
Two or More Races
8.9%
Other Race
3.3%

Racial Composition

Income & Economy

Median Household Income
$77,594
Mean Household Income
$111,263
Per Capita Income
$49,056
Below Poverty Line
7.7%

This is 3% above the national median of $75,000.

Income Distribution

See richest ZIP codes in Virginia →

Housing

Median Home Value
$300,700
Median Rent
$1,425
Total Housing Units
14,162
Occupied Units
12,938
Vacant Units
1,224
8.6% vacancy
Median Year Built
1968
Owner Occupied
59.0%
Renter Occupied
41.0%
Price-to-Income Ratio 3.9x

Moderately affordable

Ownership vs Rental

Owner 59.0% Renter 41.0%

Education

High School Diploma or Higher 91.8%
Bachelor's Degree or Higher 34.3%
Graduate or Professional Degree 12.9%
See most educated ZIP codes →

Employment & Commuting

Civilian Labor Force
14,405
Employment Rate
96.9%
Unemployment Rate
3.1%
Mean Commute Time
N/A

How People Get to Work

Drive Alone
76.1%
Carpool
7.5%
Public Transit
0.5%
Work from Home
11.4%

Cost of Living Index

111.9
above average

The cost of living in ZIP code 23518 is 11.9% above the national average of 100.

0 National Avg (100) 200

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Compare 23518 with Another ZIP Code

Nearby ZIP Codes

23502
Norfolk, VA
1.4 mi
Pop: 20,399 Income: $63,208
23513
Norfolk, VA
1.6 mi
Pop: 28,628 Income: $68,380
23551
Norfolk, VA
2.1 mi
Pop: 1,702
23509
Norfolk, VA
3.1 mi
Pop: 13,105 Income: $72,816
23504
Norfolk, VA
3.4 mi
Pop: 23,502 Income: $44,659
23505
Norfolk, VA
3.5 mi
Pop: 28,247 Income: $58,579
23503
Norfolk, VA
3.5 mi
Pop: 30,216 Income: $67,649
23455
Virginia beach, VA
4.1 mi
Pop: 49,977 Income: $94,069
23510
Norfolk, VA
4.6 mi
Pop: 9,190 Income: $73,524
23508
Norfolk, VA
4.9 mi
Pop: 19,432 Income: $74,885
23517
Norfolk, VA
5.0 mi
Pop: 4,932 Income: $67,375
23511
Norfolk, VA
5.2 mi
Pop: 9,664 Income: $62,946

Other ZIP Codes in Norfolk

ZIP Code Population Median Income Home Value
23503 30,216 $67,649 $293,100
23513 28,628 $68,380 $234,000
23505 28,247 $58,579 $326,300
23504 23,502 $44,659 $269,400
23502 20,399 $63,208 $266,200
23508 19,432 $74,885 $408,100

Other ZIP Codes in Norfolk city

ZIP Code City Population Median Income
23503 Norfolk 30,216 $67,649
23513 Norfolk 28,628 $68,380
23505 Norfolk 28,247 $58,579
23504 Norfolk 23,502 $44,659
23502 Norfolk 20,399 $63,208
23508 Norfolk 19,432 $74,885

Frequently Asked Questions about ZIP Code 23518

ZIP code 23518 (Norfolk, VA) has a total population of 29,746 according to the 2024 American Community Survey. The median age is 37.40 years.

The median household income in ZIP code 23518 is $77,594 per year, based on 2024 Census Bureau data. This is 3% above the national median of $75,000.

ZIP code 23518 is primarily located in Norfolk, Virginia (VA). It falls within Norfolk city County.

The median home value in ZIP code 23518 is $300,700, based on the 2024 American Community Survey 5-year estimates. The median monthly rent is $1,425.

The median age in ZIP code 23518 is 37.40 years, compared to the national median of 38.9 years. This makes the area younger than the national average.

ZIP code 23518 has a cost of living index of 111.94 (national average = 100). This means the cost of living is above average compared to the national average.

In ZIP code 23518, 34.33% of adults (25+) hold a bachelor's degree or higher, compared to the national average of 33.7%. 12.85% hold a graduate or professional degree.

The unemployment rate in ZIP code 23518 is 3.14%, which is below the national average of 3.6%. About 11.40% of workers work from home.

Explore More

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Data sourced from the 2024 American Community Survey (U.S. Census Bureau). Learn more about our data sources.