ZIP 23228 - 860Z200US23228 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 23228, located in the Richmond, Virginia area, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ll break down population stats, household dynamics, income levels, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will guide your next steps in understanding this vibrant area.

Population & Households

ZIP 23228 is home to a population of 36,435 residents, making it a moderately sized community with a mix of urban and suburban characteristics. This area supports 15,809 households, reflecting a strong residential base for families, professionals, and retirees alike. The total number of housing units stands at 16,724, indicating a slight surplus of available homes or rentals compared to occupied households. This balance suggests potential opportunities for buyers or investors looking to enter the market.

Income & Housing Costs

The median household income in ZIP 23228 is $65,650, positioning it as a middle-income area with reasonable earning power. This income level supports a stable local economy, which can be attractive for small businesses seeking a reliable customer base. On the housing front, the median home value is $267,300, offering a relatively affordable entry point for homebuyers compared to pricier neighboring regions. For renters, the median rent is $1,410 per month, reflecting a competitive rental market that may appeal to those not yet ready to buy. These figures provide a solid foundation for assessing affordability and investment potential.

Race & Ethnicity

ZIP 23228 boasts a diverse community, with a racial and ethnic composition that enriches its cultural fabric. The population identifies as 49.69% White, 24.59% Black, 6.43% Asian, and 13.49% Hispanic. This diversity creates a dynamic environment for businesses catering to varied tastes and needs, while also fostering an inclusive atmosphere for residents and newcomers. Understanding this mix can help investors and business owners tailor their strategies to meet the community’s unique demographic profile.

Key Facts

• Total population: 36,435 residents, offering a substantial market for businesses and services.
• Total households: 15,809, indicating a strong residential presence.
• Total housing units: 16,724, suggesting some availability for new occupants or investors.
• Median household income: $65,650, reflecting a stable middle-income community.
• Median home value: $267,300, an accessible price point for many buyers.
• Median rent: $1,410, competitive for renters in the area.
• Diverse demographics: 49.69% White, 24.59% Black, 6.43% Asian, 13.49% Hispanic, supporting a multicultural environment.

What This Means for You

For homebuyers, ZIP 23228 offers a promising mix of affordability and community diversity. With a median home value of $267,300, it’s a feasible option for first-time buyers or those relocating to the Richmond area, while the cultural mix ensures a welcoming neighborhood. Real estate investors and agents will find value in the slight surplus of housing units (16,724 total) compared to households (15,809), hinting at opportunities for rental properties or flips, especially with a median rent of $1,410. Small-business owners can leverage the population of 36,435 and median income of $65,650 to target a stable, diverse customer base—think multicultural dining, retail, or services tailored to varied needs. Analysts can use these metrics to benchmark ZIP 23228 against nearby areas, identifying trends in housing demand or economic growth. Whatever your goal, this data equips you to act with confidence.

Run This Study Yourself

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