ZIP 23237 - 860Z200US23237 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 23237, located in the Richmond, Virginia area, this demographic and housing snapshot offers a clear picture of the community as of 2023. With a population of over 28,000 and a diverse cultural makeup, this area presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Below, we break down key metrics on population, income, housing costs, and racial composition to help you make informed decisions about living or working in 23237.

Population & Households

ZIP 23237 is home to a population of 28,262 residents, making it a moderately sized community with a suburban feel. These individuals are distributed across 9,575 households, reflecting a mix of family and individual living arrangements. The total number of housing units stands at 9,862, indicating a slight surplus of available homes relative to occupied households. This could suggest opportunities for prospective buyers or renters looking to settle in the area, as well as potential inventory for investors to consider.

Income & Housing Costs

The median household income in ZIP 23237 is $77,769, which positions the area as a relatively stable economic environment for families and individuals. This income level supports a comfortable lifestyle for many, while also attracting businesses that cater to middle-income consumers. On the housing front, the median home value is $243,100, offering a reasonable entry point for buyers compared to more expensive nearby markets. For renters, the median rent is $1,290 per month, reflecting a balanced rental market that could appeal to those not yet ready to purchase a home. These figures provide a solid foundation for understanding affordability and investment potential in 23237.

Race & Ethnicity

ZIP 23237 boasts a diverse population, which adds to the cultural richness of the community. The racial composition includes 40.84% White, 27.74% Black, 1.6% Asian, and 25.24% Hispanic residents. This diversity creates a vibrant social fabric, making the area attractive to those who value multicultural environments. For businesses, this mix offers a broad customer base with varied needs and preferences, while homebuyers may appreciate the inclusive atmosphere when choosing a place to live.

Key Facts

• Total population in ZIP 23237: 28,262 residents.
• Total households: 9,575, with an average household size implied by population distribution.
• Total housing units: 9,862, suggesting some availability for new occupants.
• Median household income: $77,769, indicating a stable economic base.
• Median home value: $243,100, a competitive price point for the region.
• Median rent: $1,290, offering affordable rental options.
• Diverse community: 40.84% White, 27.74% Black, 1.6% Asian, and 25.24% Hispanic.

What This Means for You

For homebuyers, ZIP 23237 offers a promising mix of affordability and community diversity. With a median home value of $243,100, you can find properties that fit a range of budgets, while the cultural variety ensures a welcoming environment for families and individuals alike. The slight surplus of housing units (9,862 total versus 9,575 households) may also mean less competition when searching for your ideal home.

For real estate investors and agents, the data points to potential in both buying and renting markets. The median rent of $1,290 suggests a steady demand for rental properties, while the home value indicates room for appreciation in a growing area. Keeping an eye on unoccupied units could reveal undervalued opportunities to flip or lease.

For small-business owners, the population of 28,262 and median income of $77,769 signal a consumer base with disposable income. The diverse demographic makeup also means you can tailor products or services to a wide audience, from family-oriented offerings to culturally specific goods. Setting up shop in 23237 could tap into an engaged and varied market.

For analysts, these metrics provide a baseline for deeper research into economic trends, housing demand, and community needs. The balance of income, housing costs, and diversity offers a case study in suburban dynamics worth exploring further.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 23237? Start by visiting ZipcodeGPT for a user-friendly platform to analyze demographic and housing data.
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• Use the insights to make data-driven decisions, whether you’re buying a home, investing, or planning a business venture.