ZIP 23113 - 860Z200US23113 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 23113, located in the heart of Virginia’s Midlothian area, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of over 26,000 and a strong economic profile, this ZIP code stands out as a desirable location for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you understand what makes this area unique and whether it aligns with your goals.

Population & Households

ZIP 23113 is home to 26,558 residents, making it a moderately sized community with a suburban feel. These individuals are distributed across 9,993 households, reflecting a stable and family-oriented environment. The total number of housing units stands at 10,317, indicating a slight surplus of available homes relative to occupied households. This balance suggests a market with room for growth or flexibility for new residents and investors looking to enter the area.

Income & Housing Costs

One of the standout features of ZIP 23113 is its robust economic profile. The median household income is an impressive $150,673, pointing to a high-earning community with significant purchasing power. This income level supports a strong housing market, where the median home value reaches $580,200. For renters, the median monthly rent is $1,736, which aligns with the area’s upscale nature and suggests a competitive rental market. These figures position ZIP 23113 as a premium location, ideal for those seeking value in a prosperous setting.

Race & Ethnicity

The demographic composition of ZIP 23113 reflects a predominantly white population at 83.49%, with smaller but notable representation from other groups. Black residents account for 4.31%, Asian residents make up 3.86%, and Hispanic or Latino individuals comprise 5.36% of the population. This diversity, while not extensive, adds a layer of cultural variety to the community, which can be appealing for businesses and families seeking an inclusive yet cohesive environment.

Key Facts

• Total population: 26,558 residents, offering a suburban community scale.
• Total households: 9,993, indicating a strong base of family or individual units.
• Total housing units: 10,317, with a small surplus for potential growth.
• Median household income: $150,673, reflecting high earning potential.
• Median home value: $580,200, signaling a premium real estate market.
• Median rent: $1,736 per month, competitive for an affluent area.
• Racial composition: 83.49% white, 5.36% Hispanic, 4.31% Black, 3.86% Asian.

What This Means for You

For homebuyers, ZIP 23113 offers a high-quality lifestyle backed by a median home value of $580,200 and a community with strong income levels. The slight surplus of housing units (10,317 total) compared to households (9,993) may provide some negotiation room, though the premium pricing reflects the area’s desirability. Expect a competitive market where properties hold long-term value.

For investors and real estate agents, the high median income of $150,673 suggests residents can support upscale rentals or property investments. The median rent of $1,736 indicates a solid return potential for rental properties, while the home value points to appreciation opportunities in this affluent market.

For small-business owners, the economic strength of ZIP 23113 is a major draw. With a population of 26,558 and high disposable income, there’s a ready customer base for premium goods, services, or dining. The diversity, though modest, also allows for niche markets catering to varied cultural preferences.

For analysts, these metrics highlight ZIP 23113 as a stable, high-value area with minimal housing vacancy and strong economic indicators. It’s a market to watch for sustained growth or as a benchmark for suburban prosperity.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 23113? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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