ZIP 23235 - 860Z200US23235 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in the Richmond, Virginia area, understanding the demographics and housing landscape of ZIP code 23235 can provide valuable clarity. This area, encompassing parts of Chesterfield County and the city of Richmond, offers a blend of suburban charm and urban access. With data from 2023, this snapshot covers population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions about this vibrant community.

Population & Households

ZIP code 23235 is home to a population of 33,207 residents as of 2023. This sizable community is distributed across 14,190 households, reflecting a mix of family units, singles, and retirees. The total number of housing units stands at 14,973, indicating a slight surplus of available homes compared to occupied households. This balance suggests a stable housing market with room for growth or turnover, which could be appealing to those looking to buy or invest in the area.

Income & Housing Costs

The median household income in ZIP 23235 is $89,959, a figure that points to a relatively affluent community with solid earning potential. This income level supports a comfortable lifestyle and aligns with the area's housing costs. The median home value is $324,800, reflecting a robust real estate market that could offer good long-term value for buyers and investors. For renters, the median monthly rent is $1,663, which is reasonable given the income levels and suggests a viable option for those not ready to purchase. These metrics highlight ZIP 23235 as a financially stable area with opportunities for both homeowners and tenants.

Race & Ethnicity

The demographic makeup of ZIP 23235 showcases a diverse yet predominantly white community. As of 2023, the racial composition is 68.04% white, 16.37% Black, 3.71% Asian, and 8.01% Hispanic. This diversity contributes to a culturally rich environment, offering a blend of perspectives and experiences. For businesses, this mix can translate into a varied customer base, while families and individuals may appreciate the inclusive atmosphere when considering a move to the area.

Key Facts

• Total population: 33,207 residents in 2023, indicating a substantial community size.
• Total households: 14,190, showing a strong base of local families and individuals.
• Total housing units: 14,973, suggesting availability for new residents or investors.
• Median household income: $89,959, reflecting economic stability and purchasing power.
• Median home value: $324,800, pointing to a solid real estate market.
• Median rent: $1,663 per month, offering a competitive rental option.
• Racial diversity: 68.04% white, 16.37% Black, 3.71% Asian, and 8.01% Hispanic, fostering a multifaceted community.

What This Means for You

For homebuyers, ZIP 23235 presents a promising opportunity with a median home value of $324,800 and a stable community of over 33,000 residents. The slight surplus of housing units (14,973 total) compared to households (14,190) suggests you may have options to choose from, though competition could still be present given the area's appeal. Investors and real estate agents will find value in the strong median income of $89,959, which supports a market of financially capable buyers or renters paying a median rent of $1,663. The diversity in the area also means potential for varied demand across property types. Small-business owners can leverage the diverse population and solid income levels to target a wide customer base, whether opening a retail shop, service, or restaurant. Analysts studying regional trends will note the balanced demographics and housing metrics as indicators of a sustainable, growing community worth monitoring.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 23235? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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