ZIP 23229 - 860Z200US23229 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 23229, located in the Richmond, Virginia area, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ve compiled key metrics on population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into what makes ZIP 23229 unique and how these numbers can guide your next steps.

Population & Households

ZIP 23229 is home to a population of 35,883 residents, making it a moderately sized community with a suburban feel. These individuals are distributed across 13,574 households, reflecting a strong residential base. With 14,210 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could indicate availability for new residents or investors looking for opportunities. This balance suggests a stable community with room for growth, ideal for families or businesses seeking to establish roots.

Income & Housing Costs

Financially, ZIP 23229 stands out with a median household income of $102,415, signaling a relatively affluent area where residents have significant purchasing power. This income level supports a robust local economy, which can be a draw for small businesses targeting middle- to upper-income customers. On the housing front, the median home value is $468,800, reflecting a competitive real estate market that may appeal to buyers seeking long-term value or investors eyeing appreciation potential. For renters, the median rent of $1,385 per month offers a more accessible entry point into the community, balancing affordability with the area’s higher-end housing profile.

Race & Ethnicity

The demographic makeup of ZIP 23229 showcases a diverse yet predominantly white community. Approximately 72.96% of residents identify as white, while 5.54% are Black, 6.62% are Asian, and 8.85% identify as Hispanic. This mix indicates a multicultural environment that can enrich community life and offer businesses a varied customer base. For homebuyers and investors, this diversity may translate to a welcoming atmosphere and opportunities to cater to different cultural needs or preferences in housing and services.

Key Facts

• Total population: 35,883 residents, offering a sizable community for engagement or business reach.
• Total households: 13,574, indicating a strong residential foundation.
• Total housing units: 14,210, suggesting potential availability for new occupants or investment properties.
• Median household income: $102,415, reflecting economic stability and consumer spending power.
• Median home value: $468,800, positioning the area as a valuable real estate market.
• Median rent: $1,385, providing a more affordable housing option compared to buying.
• Racial composition: 72.96% white, 5.54% Black, 6.62% Asian, 8.85% Hispanic, highlighting diversity.

What This Means for You

For homebuyers, ZIP 23229 offers a blend of high-value properties and a stable, affluent community, making it a smart choice for those looking to invest in a home with potential for appreciation. The median home value of $468,800 suggests a market where quality and location drive prices, while the rental median of $1,385 could be a fallback for those not ready to buy. Real estate investors and agents will find the slight surplus of housing units (14,210 vs. 13,574 households) intriguing, as it may point to opportunities for flipping, renting, or developing properties. Small-business owners can leverage the area’s $102,415 median income to target a demographic with disposable income, ideal for retail, dining, or service-based ventures. Analysts can use this data to benchmark ZIP 23229 against neighboring areas, identifying trends in growth, diversity, or economic health. Whatever your goal, these metrics provide a foundation for strategic planning.

Run This Study Yourself

Want to explore ZIP 23229 further or analyze another area? Follow these simple steps to get tailored insights:

• Visit ZipcodeGPT to access a powerful tool for demographic and housing analysis.
• Enter any ZIP code to pull up the latest data on population, income, housing, and more.
• Use the insights to make informed decisions for your home purchase, investment, or business strategy.