ZIP 23831 - 860Z200US23831 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 23831, located in the Chester area of Virginia, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of over 37,000 and a robust median household income, this area presents a blend of suburban stability and diversity. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, understanding the makeup of ZIP 23831 can help you make informed decisions. Let’s break down the key metrics around population, income, housing, and more to reveal what makes this area unique.

Population & Households

ZIP 23831 is home to 37,819 residents, making it a moderately sized community with a suburban feel. These individuals are distributed across 14,817 households, reflecting a mix of family and individual living arrangements. With 15,430 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could indicate some availability for new residents or investors looking to enter the market. This balance suggests a stable community with room for growth, appealing to those seeking a settled yet dynamic place to live or work.

Income & Housing Costs

Financially, ZIP 23831 stands out with a median household income of $92,092, which is notably higher than many comparable areas. This figure points to a community with strong earning potential, likely attracting professionals and families seeking economic stability. On the housing front, the median home value is $300,200, reflecting a solid real estate market that could offer good long-term value for buyers and investors. For renters, the median rent is $1,560 per month, which aligns with the area’s income levels and suggests a competitive but accessible rental market. These numbers paint a picture of affordability relative to income, a key consideration for anyone planning to relocate or invest here.

Race & Ethnicity

The demographic composition of ZIP 23831 highlights a diverse community, which can be a draw for those valuing cultural variety. The racial breakdown shows that 52.92% of residents identify as White, 29.95% as Black, 2.73% as Asian, and 9.95% as Hispanic. This mix indicates a multicultural environment that could foster inclusive neighborhoods and business opportunities. For families and business owners, this diversity may translate into a vibrant local culture, varied consumer needs, and a welcoming atmosphere for newcomers from different backgrounds.

Key Facts

• Total population in ZIP 23831: 37,819 residents as of 2023.
• Total households: 14,817, indicating a strong community base.
• Total housing units: 15,430, suggesting some availability for new occupants.
• Median household income: $92,092, reflecting economic strength.
• Median home value: $300,200, a competitive figure for the region.
• Median rent: $1,560, aligning with local income levels.
• Diverse population: 52.92% White, 29.95% Black, 2.73% Asian, 9.95% Hispanic.

What This Means for You

For homebuyers, ZIP 23831 offers a promising mix of affordability and value with a median home price of $300,200 and a high median income to support mortgage payments. The slight surplus of housing units could mean less competition when searching for a property. Real estate investors and agents will find potential in this stable market, where income levels suggest residents can sustain property values over time, and diversity may drive demand for varied housing types. Small-business owners can benefit from a multicultural customer base and a financially secure population likely to spend on local goods and services. Analysts studying regional trends will appreciate the balanced demographics and economic indicators, which point to a sustainable community with growth potential. Whatever your goals, ZIP 23831 provides a solid foundation to build upon.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 23831? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
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• Use the insights to make informed decisions for your next home purchase, investment, or business venture.