ZIP 23224 - 860Z200US23224 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 23224, located in the Richmond, Virginia area, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of over 39,000 and a diverse cultural makeup, this area presents unique opportunities and challenges for homebuyers, real estate investors, agents, small-business owners, and analysts. Using the latest available data, we’ll break down key metrics to help you make informed decisions about living, working, or investing in 23224.

Population & Households

ZIP 23224 is home to a sizable population of 39,010 residents as of 2023. This figure reflects a vibrant community with a significant number of households—16,482 in total. These households are spread across 18,201 housing units, indicating a mix of occupied and potentially vacant or underutilized properties. For families, investors, or businesses, this population density suggests a robust local market with room for growth or development, especially in housing or community-focused services.

Income & Housing Costs

The median household income in ZIP 23224 stands at $49,263, which provides insight into the economic landscape of the area. This income level may influence affordability for potential homebuyers or renters while signaling the purchasing power of local consumers for business owners. On the housing front, the median house value is $189,200, which could represent an accessible entry point for buyers or investors compared to higher-priced markets nearby. Meanwhile, the median rent of $1,268 per month reflects the cost of living for tenants, offering a benchmark for landlords or property managers assessing rental potential in 23224.

Race & Ethnicity

The demographic composition of ZIP 23224 is notably diverse, which shapes the cultural and social fabric of the community. The population identifies as 58.76% Black, 21.89% Hispanic, 15.48% White, and 0.55% Asian. This diversity can be a significant draw for those seeking an inclusive environment, whether for raising a family, building a business, or investing in a community with varied perspectives and needs. Understanding this breakdown helps stakeholders anticipate cultural preferences, market demands, and community dynamics in 23224.

Key Facts

• Total population in ZIP 23224: 39,010 residents as of 2023.
• Total households: 16,482, indicating a strong residential base.
• Total housing units: 18,201, suggesting potential for occupancy growth.
• Median household income: $49,263, reflecting local economic conditions.
• Median house value: $189,200, an accessible price point for many buyers.
• Median rent: $1,268, a key figure for renters and landlords.
• Racial composition: 58.76% Black, 21.89% Hispanic, 15.48% White, 0.55% Asian.

What This Means for You

For homebuyers, ZIP 23224 offers a median house value of $189,200, which could be an attractive option if you’re looking for affordability in the Richmond area. The diverse community also means a rich cultural experience, though it’s worth considering how the median household income of $49,263 aligns with your financial plans. Investors and real estate agents might see opportunity in the gap between total housing units (18,201) and occupied households (16,482), potentially indicating vacant properties or room for development. The median rent of $1,268 suggests a steady rental market for income properties. Small-business owners can leverage the sizable population of 39,010 and diverse demographic makeup to tailor products or services—think culturally relevant offerings or affordable pricing aligned with local income levels. Analysts can use this data as a baseline to track trends in housing, income, or population shifts in 23224 over time.

Run This Study Yourself

• Curious about diving deeper into ZIP 23224 or another area? Start by visiting ZipcodeGPT to access powerful demographic and housing analysis tools.
• Input any ZIP code to uncover detailed metrics like population, income, and housing costs tailored to your needs.
• Use the insights to make data-driven decisions for buying, investing, or launching a business with confidence.