ZIP 23860 - 860Z200US23860 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 23860, located in the heart of 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 you make informed decisions. Whether you're a homebuyer, real estate investor, small-business owner, or analyst, understanding ZIP 23860’s profile can guide your next steps.

Population & Households

ZIP 23860 is home to a population of 31,432 residents, making it a moderately sized community with a mix of urban and suburban characteristics. These residents are distributed across 11,167 households, reflecting a diverse range of family structures and living arrangements. The total number of housing units in the area stands at 12,254, indicating some vacancy or availability for potential buyers or renters looking to settle in this region.

Income & Housing Costs

The median household income in ZIP 23860 is $55,104, which provides a solid economic foundation for many families and individuals. This income level suggests a community with a mix of working-class and middle-income households, offering opportunities for businesses catering to a range of budgets. On the housing front, the median home value is $187,800, which positions ZIP 23860 as a relatively affordable market compared to many urban centers in Virginia. For renters, the median rent is $1,103 per month, reflecting a reasonable cost for those not yet ready to buy.

These figures are particularly useful for homebuyers assessing affordability and for investors evaluating potential returns on rental properties or home flips. The balance between income and housing costs suggests a stable market with room for growth.

Race & Ethnicity

ZIP 23860 boasts a diverse population, with a racial composition that reflects a vibrant, multicultural community. White residents make up 42.77% of the population, closely followed by Black residents at 41.53%. Hispanic individuals account for 7.88%, while Asian residents represent 1.03%. This near-even split between White and Black populations, along with a notable Hispanic presence, indicates a culturally rich area that can appeal to a wide range of residents and business owners looking to serve diverse customer bases.

Key Facts

• Total population: 31,432 residents, offering a sizable community for engagement or business outreach.
• Total households: 11,167, reflecting a mix of family and individual living arrangements.
• Total housing units: 12,254, suggesting some availability for new residents or investors.
• Median household income: $55,104, indicating a stable economic base for local spending.
• Median home value: $187,800, positioning ZIP 23860 as an accessible housing market.
• Median rent: $1,103, providing a reasonable option for renters in the area.
• Racial diversity: Near-equal White (42.77%) and Black (41.53%) populations, with Hispanic (7.88%) and Asian (1.03%) representation.

What This Means for You

For homebuyers, ZIP 23860 offers an affordable entry point with a median home value of $187,800, well below many neighboring markets in Virginia. The diverse community and reasonable median income suggest a stable, welcoming environment for families or individuals looking to put down roots. Renters can also find value with a median rent of $1,103, making it a viable option for those saving for a future purchase.

For investors and real estate agents, the data points to potential in both rental and sales markets. With over 12,000 housing units and a vacancy buffer, there’s room to acquire properties for rental income or resale. The median income of $55,104 supports a tenant base that can sustain reasonable rents, while the home value indicates potential for appreciation over time.

For small-business owners, the population of 31,432 and diverse demographic makeup present a broad customer pool. Whether you’re opening a retail store, restaurant, or service-based business, the cultural diversity and moderate income levels suggest demand for a variety of goods and services tailored to different needs and budgets.

For analysts, these metrics provide a foundation for deeper research into economic trends, housing demand, or community development opportunities in ZIP 23860. The balance of income, housing costs, and diversity offers a compelling case study for regional comparisons.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 23860? Start by visiting ZipcodeGPT to access powerful demographic and housing analysis tools.
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