ZIP 23222 - 860Z200US23222 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 23222 for a home purchase, investment opportunity, or business venture, understanding the area’s demographic and housing landscape is essential. Located in the Richmond, Virginia area, this ZIP code offers a diverse community with unique characteristics that can influence your decision. This snapshot, based on 2023 data, breaks down population stats, household dynamics, income levels, housing costs, and racial composition to provide a clear picture for homebuyers, real estate investors, small-business owners, and analysts. Let’s dive into the numbers to help you assess whether 23222 aligns with your goals.

Population & Households

ZIP 23222 is home to a population of 26,809 residents, making it a moderately sized community with a mix of urban and suburban vibes. This area supports 10,677 households, reflecting a strong base of families and individuals. With 11,762 total housing units, there’s a slight surplus of available homes compared to occupied households, which could indicate opportunities for buyers or investors looking to enter the market. The balance between population and housing units suggests a stable community with room for growth or turnover, depending on your perspective.

Income & Housing Costs

The median household income in ZIP 23222 stands at $58,105, which provides a solid economic foundation for many residents. This income level can support a range of lifestyles and business customer bases, particularly for small-business owners targeting middle-income consumers. On the housing front, the median home value is $252,000, offering a relatively accessible entry point for first-time buyers or investors seeking properties below the national average in many metro areas. For renters, the median rent is $1,181 per month, which aligns with the income levels and suggests a balanced rental market. These figures highlight 23222 as a potentially affordable area compared to pricier neighboring ZIP codes, though costs should be weighed against local amenities and growth prospects.

Race & Ethnicity

The demographic makeup of ZIP 23222 is notably diverse, with a racial composition that reflects a predominantly Black community at 70.19% of the population. White residents account for 20.94%, while Asian and Hispanic populations are smaller at 2.26% and 2.62%, respectively. This diversity can be a significant draw for those seeking a culturally rich environment, whether for personal residence or business opportunities. Understanding this composition is crucial for tailoring real estate strategies or business offerings to meet the needs and preferences of the local population.

Key Facts

• Total population: 26,809 residents, offering a sizable community for engagement.
• Total households: 10,677, indicating a strong residential base.
• Total housing units: 11,762, suggesting some availability for new occupants or investors.
• Median household income: $58,105, supporting middle-income lifestyles.
• Median home value: $252,000, a potentially accessible price point for buyers.
• Median rent: $1,181, reflecting a balanced rental market.
• Racial composition: 70.19% Black, 20.94% White, 2.26% Asian, 2.62% Hispanic, showcasing diversity.

What This Means for You

For homebuyers, ZIP 23222 presents an opportunity to purchase at a median value of $252,000, which may be more attainable than in surrounding areas, especially for first-time buyers or those seeking value. The slight surplus of housing units could mean less competition in certain segments of the market. Investors and real estate agents might find potential in the rental market, with a median rent of $1,181 appealing to a steady pool of middle-income renters, or in flipping properties given the home value range. Small-business owners can leverage the diverse population of 26,809 and the median income of $58,105 to target products or services that resonate with a culturally rich, middle-income demographic—think community-focused retail or affordable dining options. Analysts can use these metrics to benchmark 23222 against nearby ZIP codes for deeper market studies. Across all groups, the area’s diversity and economic stability are assets to consider when planning your next move.

Run This Study Yourself

• Curious about diving deeper into ZIP 23222 or comparing it with other areas? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Input any ZIP code to access detailed population, income, and housing insights tailored to your needs.
• Use the generated reports to make informed decisions for buying, investing, or launching a business with confidence.