ZIP 23227 - 860Z200US23227 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 23227 for your next home, investment property, or business location, understanding the area’s demographic and housing landscape is essential. Located in the Richmond, Virginia area, this ZIP code offers a blend of suburban charm and urban accessibility. With a population of over 25,000 and a diverse community, 23227 presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. This snapshot, based on 2023 data, breaks down key metrics to help you make informed decisions about living, investing, or operating in this area.

Population & Households

ZIP code 23227 is home to 25,574 residents, making it a moderately sized community with a strong local presence. These individuals are distributed across 11,618 households, reflecting a mix of family units, singles, and shared living arrangements. With 13,351 total housing units in the area, there’s a notable inventory of homes, though not all are occupied. This balance of population and housing suggests a stable residential base, ideal for those looking to settle or invest in a community with established roots.

Income & Housing Costs

The median household income in ZIP 23227 stands at $70,537, indicating a solid economic foundation for many residents. This income level supports a comfortable lifestyle in the area, though it’s worth noting how it aligns with housing costs. The median house value is $329,700, reflecting a competitive real estate market that could appeal to buyers seeking long-term value or investors eyeing appreciation potential. For renters, the median rent is $1,306 per month, which is relatively moderate compared to larger urban centers but still requires a significant portion of income for some households. These figures highlight the importance of budgeting and financial planning when considering a move or investment in 23227.

Race & Ethnicity

ZIP 23227 boasts a diverse population, with a near-even split between racial groups. White residents make up 42.44% of the population, while Black residents account for 44.92%, forming the two largest demographic segments. Hispanic or Latino individuals represent 4.8% of the community, and Asian residents comprise 1.4%. This diversity fosters a culturally rich environment, which can be a draw for families, businesses, and investors looking for an inclusive community with varied perspectives and opportunities for connection.

Key Facts

• Total population: 25,574 residents in ZIP 23227 as of 2023.
• Total households: 11,618, supporting a mix of family and individual living arrangements.
• Total housing units: 13,351, with some vacancy offering potential for buyers or investors.
• Median household income: $70,537, reflecting a stable economic base.
• Median house value: $329,700, indicating a competitive real estate market.
• Median rent: $1,306, a key consideration for renters and landlords.
• Diverse demographics: Black (44.92%) and White (42.44%) populations dominate, with smaller Hispanic (4.8%) and Asian (1.4%) communities.

What This Means for You

For homebuyers, ZIP 23227 offers a diverse and established community with median home values at $329,700, suggesting potential for equity growth over time. The area’s income levels support a stable neighborhood, though buyers should ensure their finances align with local housing costs. Real estate investors and agents will find opportunities in the housing unit surplus (13,351 total units versus 11,618 households), which may indicate available properties or room for rental demand. The median rent of $1,306 also points to a viable rental market for landlords. Small-business owners can benefit from the area’s diversity and population size, tapping into a broad customer base with varying needs and cultural backgrounds. Analysts studying market trends will appreciate the balanced demographics and economic indicators as a foundation for deeper research into 23227’s growth potential. Whether you’re buying, investing, or building a business, this ZIP code offers a compelling mix of stability and opportunity.

Run This Study Yourself

• Want to dive deeper into ZIP 23227 or explore another area? Start by visiting ZipcodeGPT for a user-friendly platform to analyze demographic and housing data.
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