ZIP 23834 - 860Z200US23834 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 23834, located in Colonial Heights, Virginia, this demographic and housing snapshot offers a clear picture of the area. With data from 2023, we’ll break down key metrics like 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 23834 unique and how its characteristics can align with your goals.

Population & Households

ZIP 23834 is home to a population of 26,752 residents, making it a moderately sized community with a mix of urban and suburban vibes. This area supports 10,772 households, reflecting a strong base of families and individuals. With 11,493 total housing units, there’s a slight surplus of homes compared to occupied households, which could indicate potential availability for new residents or investors looking for properties. Understanding the population size and household distribution is crucial for gauging community needs, whether you’re planning to buy a home or start a business.

Income & Housing Costs

The median household income in ZIP 23834 stands at $82,314, suggesting a relatively stable economic environment for many residents. This income level can support a comfortable lifestyle and indicates a community with purchasing power, which is a positive signal for small businesses. On the housing front, the median home value is $236,100, offering a range of opportunities for buyers seeking affordability compared to larger metro areas. For renters, the median rent is $1,214 per month, which aligns with the income levels and provides options for those not ready to buy. These figures are essential for assessing affordability and investment potential in this ZIP code.

Race & Ethnicity

ZIP 23834 boasts a diverse community, with a racial composition that reflects a blend of backgrounds. The population is 62.88% White, 22.33% Black, 3.35% Asian, and 8.17% Hispanic. This diversity can enrich the cultural fabric of the area, making it an attractive place for families and businesses aiming to serve a varied customer base. For investors and business owners, this mix suggests a market with broad appeal, while homebuyers may appreciate the inclusive environment when choosing a place to settle.

Key Facts

• Total population: 26,752 residents, offering a balanced community size.
• Total households: 10,772, indicating a solid residential base.
• Total housing units: 11,493, with some potential vacancy for new occupants.
• Median household income: $82,314, reflecting economic stability.
• Median home value: $236,100, a competitive price point for buyers.
• Median rent: $1,214, providing affordable rental options.
• Diverse demographics: 62.88% White, 22.33% Black, 3.35% Asian, 8.17% Hispanic.

What This Means for You

For homebuyers, ZIP 23834 presents a promising opportunity with median home values at $236,100, which could be within reach for many, especially given the median household income of $82,314. The slight surplus of housing units suggests you might have room to negotiate or find a property that fits your needs. For real estate investors and agents, the combination of reasonable home prices and a stable income base points to potential for steady rental demand or property appreciation over time. The diversity in the area also means a wide tenant pool. For small-business owners, the population size and income levels indicate a community with disposable income to support local services and retail. The cultural diversity can guide your marketing strategies to resonate with varied demographics. Finally, for analysts, these metrics provide a foundation for deeper studies into market trends or community development needs in ZIP 23834.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 23834? Start by visiting ZipcodeGPT to access powerful demographic and housing data tools.
• Enter any ZIP code to generate a customized report with the latest metrics tailored to your interests.
• Use the insights to make data-driven decisions for your home purchase, investment, or business strategy.