ZIP 23238 - 860Z200US23238 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 23238 for your next home, investment, or business venture, this demographic and housing snapshot offers a clear picture of what to expect. Located in the greater Richmond, Virginia area, ZIP 23238 is home to a vibrant community of over 25,000 residents. With data from 2023, we’ll break down key metrics on population, income, housing costs, and diversity 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 this dynamic area.

Population & Households

ZIP 23238 has a total population of 25,893, making it a moderately sized community with a mix of families, professionals, and retirees. The area supports 11,211 households, reflecting a strong residential base. With 12,256 total housing units, there’s a slight surplus of properties compared to occupied households, which could indicate opportunities for buyers or investors looking for available homes or rental properties. This balance suggests a stable housing market with room for growth or flexibility depending on your goals.

Income & Housing Costs

One of the standout metrics for ZIP 23238 is its median household income of $97,286, which points to a relatively affluent community. This income level supports a robust local economy, potentially benefiting small businesses and service providers. On the housing front, the median home value stands at $392,500, reflecting a competitive yet accessible market for buyers with solid financial footing. For renters, the median rent is $1,679 per month, indicating a premium rental market that could appeal to investors seeking steady returns. These figures suggest that ZIP 23238 offers a blend of affordability and value for those entering the housing market or looking to invest.

Race & Ethnicity

The demographic makeup of ZIP 23238 showcases a diverse yet predominantly white community. Approximately 70.47% of residents identify as white, followed by 16.37% as Black, 6.45% as Hispanic, and 2.1% as Asian. This diversity contributes to a culturally rich environment, which can be a draw for families and businesses aiming to serve a varied customer base. Understanding the racial and ethnic composition can also help real estate agents and business owners tailor their strategies to meet the needs of different community segments.

Key Facts

• Total population: 25,893 residents in ZIP 23238 as of 2023.
• Total households: 11,211, indicating a strong residential presence.
• Total housing units: 12,256, with some availability for new occupants.
• Median household income: $97,286, reflecting economic stability.
• Median home value: $392,500, a competitive price point for the area.
• Median rent: $1,679, suggesting a strong rental market.
• Racial composition: 70.47% white, 16.37% Black, 6.45% Hispanic, 2.1% Asian.

What This Means for You

For homebuyers, ZIP 23238 offers a promising mix of home values and income levels, suggesting a stable place to settle with potential for property appreciation. The median home value of $392,500 positions this area as a solid investment for those with the means to enter the market. Real estate investors and agents will find opportunities in the slight surplus of housing units (12,256 total vs. 11,211 households), which could translate to available properties for flipping, renting, or selling. The high median rent of $1,679 also signals strong demand for rental properties, ideal for generating consistent income.

For small-business owners, the median household income of $97,286 indicates a community with disposable income to spend on goods and services. The diverse population further suggests a broad customer base to tap into, whether you’re opening a retail store, restaurant, or professional service. Analysts can use these metrics to benchmark ZIP 23238 against neighboring areas, identifying trends in housing demand, income growth, or demographic shifts that could influence future market conditions.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 23238? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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