ZIP 23112 - 860Z200US23112 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 23112, located in the heart of Virginia, this demographic and housing snapshot offers a clear picture of the area in 2023. With a robust population, strong income levels, and a diverse community, this ZIP code presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you make informed decisions about living, working, or investing here.

Population & Households

ZIP 23112 is home to a sizable population of 56,364 residents, making it a vibrant and active community. This area supports 20,871 households, reflecting a strong residential base. With 21,511 total housing units, there’s a slight surplus of homes compared to households, which could indicate availability for new residents or investors looking to enter the market. This balance suggests a stable community with room for growth, ideal for those seeking a place to settle or expand their real estate portfolio.

Income & Housing Costs

One of the standout features of ZIP 23112 is its strong economic foundation, with a median household income of $117,716. This figure points to a relatively affluent area, where residents have significant purchasing power—a key consideration for businesses targeting higher-income demographics. Housing costs align with this income level, as the median house value stands at $366,500, reflecting a competitive yet accessible market for buyers with solid financial footing. For renters, the median rent is $1,706 per month, which indicates a premium rental market that could appeal to investors seeking steady returns through leasing properties.

Race & Ethnicity

The demographic makeup of ZIP 23112 showcases a diverse yet predominantly white community. Approximately 70.15% of residents identify as white, followed by 13.74% Black, 6.38% Hispanic, and 3.97% Asian, with the remainder comprising other or mixed-race backgrounds. This diversity enriches the cultural fabric of the area, offering a blend of perspectives and experiences. For businesses, this mix can translate into varied customer needs and opportunities to cater to a broad audience. For families, it suggests a community where different backgrounds are represented, fostering an inclusive environment.

Key Facts

• Total population: 56,364 residents, indicating a sizable and active community.
• Total households: 20,871, supporting a strong residential foundation.
• Total housing units: 21,511, suggesting potential availability for new buyers or renters.
• Median household income: $117,716, reflecting significant local purchasing power.
• Median house value: $366,500, positioning this as a competitive housing market.
• Median rent: $1,706, indicating a premium rental market for investors.
• Racial composition: 70.15% white, 13.74% Black, 6.38% Hispanic, 3.97% Asian, showcasing diversity.

What This Means for You

For homebuyers, ZIP 23112 offers a stable and affluent community with median home values at $366,500, ideal for those with the budget to invest in a higher-end market. The slight surplus of housing units over households suggests you might find available properties, though competition could be strong given the area’s appeal. For investors and real estate agents, the high median income and rental rates ($1,706) point to opportunities for lucrative returns, whether through flipping homes or long-term leasing. The population size and diversity also mean a steady demand for housing. For small-business owners, the strong median income of $117,716 signals a customer base with disposable income, perfect for retail, services, or dining ventures that cater to mid-to-upper-income households. Finally, for analysts, these metrics provide a clear baseline to track growth trends, housing demand, and economic shifts in this dynamic ZIP code.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 23112? Use ZipcodeGPT to access detailed demographic and housing data tailored to your needs.
• Simply enter any ZIP code to uncover population stats, income levels, housing costs, and more in seconds.
• Make data-driven decisions for your next home, investment, or business with confidence using this powerful tool.