ZIP Code 23231: Population, Income, Housing

State: VA
Total population: 38,544 Household income: $76,505 Rent: $1,361

Overview

Total population
38,544
Rent
$1,361
Year built
1989
Household income
$76,505
Per capita income
$42,080
Poverty rate
9.8%
Unemployment rate
N/A
Household size
2.3 persons
Rent over 30% of income
56.6%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Demographics

State
Virginia
County
Henrico County
City
Henrico
Total population
38,544
Adults over 25
29,081
Total households
16,528
Household size
2.3 persons

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Income & Poverty

Household income
$76,505
Per capita income
$42,080
Poverty rate
9.8%
Unemployment rate
N/A
Rent over 30% of income
56.6%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Housing

Rent
$1,361
Year built
1989
Households that rent
33%
Households that own
67%
Rooms per home (all homes)
6.2

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Race

White
31.9%
Black
60.4%
Asian
0.8%
Two or more races
5.9%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Ethnicity

Hispanic or Latino
3.8%
Not Hispanic or Latino
96.2%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Commute

Commute rate
18,644 (87.3%)
Commute time to work
26 mins
Work from home
2,712 (12.7%)

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Education

Less than high school
30.9%
High school graduate or GED
31%
Some college or associate degree
9.8%
Bachelor’s degree or higher
28.3%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

 

Comparison of ZIP Code 23231 with: Henrico County, VA Richmond metro area, VA Virginia United States

ZIP 23231

Total population38,544
Rent$1,361
Year built1989
Household income$76,505
Per capita income$42,080
Poverty rate9.8%
Unemployment rateN/A

Henrico County, VA

Total population335,744
Rent$1,541
Year built1985
Household income$88,783
Per capita income$51,931
Poverty rate8.8%
Unemployment rate2.6%

Richmond Metro Area, VA

Total population1,341,248
Rent$1,447
Year built1984
Household income$86,679
Per capita income$47,682
Poverty rate10%
Unemployment rate3%

Virginia State

Total population8,705,170
Rent$1,579
Year built1984
Household income$93,170
Per capita income$50,666
Poverty rate9.9%
Unemployment rate2.8%

United States

Total population334,922,499
Rent$1,413
Year built1980
Household income$80,734
Per capita income$44,673
Poverty rate12.5%
Unemployment rate4%
Metric ZIP23231 CountyHenrico, VAMetro AreaRichmond metro area, VAStateVirginiaCountryUnited States
Total population38,544335,7441,341,2488,705,170334,922,499
Rent$1,361$1,541$1,447$1,579$1,413
Year built19891985198419841980
Household income$76,505$88,783$86,679$93,170$80,734
Per capita income$42,080$51,931$47,682$50,666$44,673
Poverty rate9.8%8.8%10%9.9%12.5%
Unemployment rateN/A2.6%3%2.8%4%

View the full multi-level comparison →

 

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Summary for 23231

Rent & Income

In 23231, the typical monthly rent is $1,361 and the typical household income is $76,505. Rent here is lower than Virginia, and household income is lower than Virginia. The estimated poverty rate is 9.8%.

Housing & Affordability

This ZIP Code is primarily owner-occupied, with renters accounting for about 33% of households. About 56.6% of renters spend more than 30% of their income on housing, indicating high cost burden.

Education & Employment

Educational attainment is moderate, with about 28.3% of adults holding a bachelor’s degree or higher.

 

ZIP 23231 — Rent vs Household Income

 

 

ZIP 23231 — Poverty

 

 

How ZIP 23231 compares in Virginia (101 ZIP Codes)

Metric This ZIP Rank Starts from State range
Rent $1,361 21 / 101 from lower rent $790 – $3,501
Household income $76,505 76 / 101 from higher income $47,924 – $250,001
Poverty rate 9.8% 67 / 101 from lower poverty 2% – 33.6%

Rankings are calculated among ZIP Codes in Virginia with total population > 30,000 (year 2024).

 

Detailed Ranking Explanation for ZIP Code 23231

Rent

In terms of rental prices, this ZIP stands 21st out of 101 ZIP Codes in Virginia. Across Virginia, figures vary from $790 in ZIP 24112 up to $3,501 in ZIP 22101.

Household income

When comparing household incomes, ZIP Code 23231 stands 76th out of 101 ZIP Codes. Throughout Virginia, numbers span from $47,924 in ZIP 24540 up to $250,001 in ZIP 22101.

Poverty rate

Looking at poverty indicators, this ZIP stands 67th out of 101 ZIP Codes. At the state level, values extend from 2% in ZIP 20105 up to 33.6% in ZIP 24060.

 

💰 Rent in ZIP Code 23231 (with Utilities)

Estimated Monthly Rent: $1,361 ℹ️ What’s Included:
✅ Base rent, electricity, gas, water/sewer, and heating fuels
❌ Not included: internet, cable TV, renter's insurance, parking

💡 What does this rent estimate mean?

Explanation: This estimate shows what renters typically pay each month for housing — including the apartment or home and essential utilities like heat, water, and electricity.

Included in this number: Rent plus electricity, gas, water/sewer, and heating fuel.

Not included: Internet, cable, parking, renter’s insurance, or furniture rental.

Note: This cost does not depend on the number of people living in the home.

👨‍👧‍👦 Household Income in ZIP Code 23231

Annual Household Income: $76,505

💡 What does Household Income mean?

Definition: This represents the middle value of all household incomes in the ZIP code — half of households earn less, and half earn more.

Includes: wages, salaries, self-employment income, Social Security, pensions, investments, unemployment, public assistance, and rental income.

Does NOT include: capital gains, non-cash benefits (like food stamps), or tax refunds.

Household = any group of people (or a single person) living in the same housing unit.

Example: A couple earning $40,000 and $30,000 together have a household income of $70,000. If that's in the middle of all local incomes, it's the value shown here.

📉 Poverty Rate in ZIP Code 23231

Estimated Rate: 9.8%

💡 What does the Poverty Rate represent?

Definition: The percentage of people in this area living below the federal poverty threshold.

How it works: The threshold is a dollar amount set by the U.S. Census Bureau that varies by family size and age. If a household's income is below that level, everyone in it is included in this rate.

Example: In a town of 10,000 people, if 1,500 have incomes below the poverty line, the poverty rate is 15%.

Note: This statistic only includes people living in households; it does not count those in student housing, military barracks, or nursing homes.

🏘️ Renter vs. Owner Households in ZIP Code 23231

In ZIP Code 23231, households that rent: 5,455 (33%)

📊 What does the renter household percentage reveal about this ZIP Code?
Household Type Count Share
Renter-Occupied 5,455 33%
Owner-Occupied 11,073 67%

Definition: This is the percentage of households that rent their home rather than own it. It includes only occupied housing units.

Why it matters: Areas with a high share of renter households often have younger populations, higher mobility, and different housing needs compared to mostly owner-occupied areas.

Example: If 65% of homes in an area are renter-occupied, it means 65 out of every 100 households rent their home.

📉 Renters Spending Over 30% of Income on Rent in ZIP Code 23231

In ZIP Code 23231, cost-burdened renters (households spending over 30% of income on housing): 3,089 (56.6%)

🏚️ What Does It Mean When Renters Spend Over 30% of Their Income on Housing?
Household Group Households Share
Cost-burdened renters (over 30%) 3,089 56.6%
Other renter households 2,366 43.4%
Total renter households 5,455 100%

Shares are calculated as a percentage of renter households.

This shows how many renters in the ZIP code are considered cost-burdened — meaning they spend more than 30% of their income on housing (rent and basic utilities).

It’s a sign that housing might be unaffordable in the area or that lower-income residents may be struggling with rent.

Data comes from the U.S. Census Bureau’s American Community Survey.

📊 Education Levels in ZIP Code 23231

Less than High School: 8,989 people (30.9%)

Includes adults who did not complete high school.

High School Graduate or GED: 9,021 people (31%)

Includes adults whose highest education is a high school diploma or GED.

Some College or Associate Degree: 2,846 people (9.8%)

Includes adults who attended college without completing a bachelor’s degree (some college or associate degree).

Bachelor’s Degree or Higher: 8,225 people (28.3%)

Includes adults with a bachelor’s degree or higher (bachelor’s, master’s, professional, or doctoral degree).

👥 Total Adults (25+): 29,081

ℹ️ Have questions about how these statistics are calculated? See our data methodology & FAQs

 

Source: ACS 5-Year Estimates (U.S. Census Bureau) — unemployment rate from BLS. Some values are derived metrics.