Richmond, VA · standard

ZIP Code 23223

Henrico County, Virginia — Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.

47,677
1,093/sq mi
$55,731
Median income
$265,200
Median home value
34.0%
Bachelor's or higher

The verdict

Richmond pairs one of the lowest household incomes in the country with above-median home values, in a low-density, mixed-tenure area.

22th pct
household income, US ZIPs
Top 39%
home value, US ZIPs
1,093
people per sq mi
44%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 23223 against every reporting US ZIP.

ZIP code 23223 is classified by USPS as a standard delivery area and covers roughly 43.6 square miles in Richmond, Henrico County, Virginia. The area is home to 47,677 residents, producing a population density of 1,093 people per square mile, and falls within the New York time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 23223 against Virginia and the nation.

On the economic side, the median household income for ZIP 23223 sits at $55,731 (35% below the Virginia average), while per-capita income is $36,322. The poverty rate stands at 20.2% and the unemployment rate at 6.2%. On housing, the median home value is $265,200 (21% below the state average) with median rent at $1,287 per month, and 43.8% of occupied units are owner-occupied, a direct signal of whether 23223 behaves more like a homeowner neighborhood or a renter-heavy ZIP.

Education and household profile round out the picture: 34.0% of adults hold a bachelor's degree or higher, the median age is 35.9, and the average commute is 22 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Henrico County, so you can benchmark 23223 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →

Top industries in ZIP 23223

Top 5 sectors by establishment count

Which industries have the most business establishments in ZIP 23223.

establishments

What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.

Source U.S. Census Bureau · ZIP Code Business Patterns (ZBP) As of 2023

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, FHFA HPI for ZIP 23223, Richmond, VA · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; HUD FMR + FHFA HPI updated quarterly/annually.

Quick Facts

47,677

Population

43.6

Area (sq mi)

1,093

People / sq mi

New York

Time Zone

standard

ZIP Type

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 23223?

35.9

Median Age

47.0%

Male

53.0%

Female

4.9%

Foreign-Born

White 21.9%
African American 68.2%
Asian 1.4%
American Indian or Alaska Native 0.2%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 5.7%
Hispanic or Latino 5.1%

Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

How much do residents earn?

$55,731

Median Household Income

-35% vs state

$36,322

Per Capita Income

20.2%

Poverty Rate

6.2%

Unemployment Rate

22.3 min

Mean Commute Time

How ZIP 23223 ranks nationally

Household income vs. every US ZIP code

Median household income — the full national distribution, with this ZIP marked

$55,731 22nd percentile higher than 22% of 30,318 US ZIPs

$0–$20,000: 118 US ZIPs (0%). Below this entry. $20,000–$40,000: 1,573 US ZIPs (5%). Below this entry. $40,000–$60,000: 7,092 US ZIPs (23%). This entry sits in this band. $60,000–$80,000: 9,980 US ZIPs (33%). Above this entry. $80,000–$100,000: 5,778 US ZIPs (19%). Above this entry. $100,000–$120,000: 2,855 US ZIPs (9%). Above this entry. $120,000–$140,000: 1,362 US ZIPs (4%). Above this entry. $140,000–$160,000: 686 US ZIPs (2%). Above this entry. $160,000–$180,000: 364 US ZIPs (1%). Above this entry. $180,000–$200,000: 186 US ZIPs (1%). Above this entry. $200,000–$220,000: 324 US ZIPs (1%). Above this entry. This ZIP $0 $200K+ every reporting US ZIP, bucketed by value

Each bar is a $20K-wide band; taller bars hold more US ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source U.S. Census Bureau — ACS 5-Year Estimates · 2019–2023

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What is the education profile here?

High School Graduate or Higher 62.2%
Bachelor's Degree or Higher 34.0%

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What does housing look like?

26,888

Total Housing Units

24,774

Occupied Units

2,114

Vacant Units

2.17

Avg Household Size

Occupancy Type

Owner 43.8%
Renter 56.2%

$265,200

Median Home Value

-21% vs state

$1,287

Median Rent

1973

Median Year Built

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

FHFA House Price Index, annual appreciation data based on repeat sales and appraisals

+4.9%

YoY Change (2024)

338

HPI Index (2000 = 100)

+238%

Total Change Since 2000

Home values in ZIP 23223 have increased 4.9% over the past year (2024). Since 2000, this ZIP has seen +238% cumulative appreciation.

Year Annual Change HPI Index
2020 +5.2% 236
2021 +11.3% 263
2022 +13.1% 297
2023 +8.4% 322
2024 +4.9% 338

Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.

What businesses operate in this ZIP?

Census Bureau data shows 789 business establishments in ZIP 23223, employing approximately 8,896 people with a combined annual payroll of $504,971,000.

789

Businesses

8,896

Employees

$505.0M

Annual Payroll

16

Industry Sectors

Industry Establishments % of Total
Retail trade 131 16.6%
Other services (except public administration) 98 12.4%
Professional, scientific, and technical services 96 12.2%
Health care and social assistance 92 11.7%
Accommodation and food services 91 11.5%
Real estate and rental and leasing 54 6.8%
Construction 38 4.8%
Administrative and support and waste management and remediation services 37 4.7%
Information 31 3.9%
Transportation and warehousing 29 3.7%
Wholesale trade 28 3.5%
Arts, entertainment, and recreation 18 2.3%
Finance and insurance 17 2.1%
Educational services 15 1.9%
Manufacturing 10 1.3%
Management of companies and enterprises 3 0.4%

Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.

Nearby ZIP Codes

Want a side-by-side? Compare 23223 vs 23222 →

ZIP 23223 vs its nearest neighbors, by population

Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.

residents

What this shows Among its immediate neighbors, ZIP 23223 ranks the most populous — useful context the national average alone can't give.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023

ZIP 23223 vs its nearest neighbors, by median income

Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.

median income

What this shows By household income, ZIP 23223 ranks #8 of 9 neighboring ZIPs — local affluence varies block to block, not just metro to metro.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023
ZIP Code City Population Distance
23222 Richmond, VA 24,563 2.9 mi
23075 Henrico, VA 9,819 3.4 mi
23219 Richmond, VA 3,781 3.3 mi
23220 Richmond, VA 35,545 4.5 mi
23250 Richmond, VA 0 4.7 mi
23221 Richmond, VA 13,680 6.3 mi
23227 Richmond, VA 24,440 5.4 mi
23230 Richmond, VA 5,852 6.5 mi
23224 Richmond, VA 33,461 6.2 mi
23226 Richmond, VA 15,805 8.1 mi

More ZIP Codes in Henrico County

Frequently Asked Questions

What county is ZIP code 23223 in?
ZIP code 23223 (Richmond) is located in Henrico County, Virginia. Henrico County contains multiple ZIP codes, see the full list at /counties/henrico-va.
What is the population of ZIP code 23223?
ZIP code 23223 in Richmond, VA has a population of 47,677 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 23223?
The median household income in ZIP 23223 is $55,731, which is 27% below the national average of $76,288.
What is the average home value in ZIP 23223?
The median home value in ZIP 23223 is $265,200, which is 5% below the national average of $278,155.
What is the demographic makeup of ZIP 23223?
The largest racial group in ZIP 23223 is African American at 68.2%. Hispanic or Latino residents make up 5.1% of the population.
How many businesses are in ZIP code 23223?
ZIP code 23223 has 789 business establishments employing approximately 8,896 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 23223?
The top industries by establishment count in ZIP 23223 are: Retail trade (131), Other services (except public administration) (98), Professional, scientific, and technical services (96). There are 16 industry sectors represented in total.
How have home values changed in ZIP code 23223?
According to the FHFA House Price Index, home values in ZIP 23223 increased by 4.9% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 238%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 23223?
In ZIP code 23223, 62.2% of residents aged 25+ have a high school diploma or higher, and 34.0% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 23223?
The mean commute time for workers in ZIP code 23223 is 22.3 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend less time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 23223?
In ZIP code 23223, approximately 43.8% of occupied housing units are owner-occupied and 56.2% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 23223?
The poverty rate in ZIP code 23223 is 20.2% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

ZIP Code Research Guides

Official Data Resources for Richmond, VA

Verify and explore additional data for this area using these official government sources.