Richmond, VA · standard
ZIP Code 23227
Henrico County, Virginia — Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 24,440
- 830/sq mi
- $69,187
- Median income
- $364,900
- Median home value
- 47.1%
- Bachelor's or higher
The verdict
Richmond pairs a below-median household income with upper-quartile home values, in a low-density, mixed-tenure area.
- 45th pct
- household income, US ZIPs
- Top 24%
- home value, US ZIPs
- 830
- people per sq mi
- 55%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 23227 against every reporting US ZIP.
ZIP code 23227 is classified by USPS as a standard delivery area and covers roughly 29.5 square miles in Richmond, Henrico County, Virginia. The area is home to 24,440 residents, producing a population density of 830 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 23227 against Virginia and the nation.
On the economic side, the median household income for ZIP 23227 sits at $69,187 (19% below the Virginia average), while per-capita income is $48,459. The poverty rate stands at 13.6% and the unemployment rate at 6.8%. On housing, the median home value is $364,900 (9% above the state average) with median rent at $1,362 per month, and 54.9% of occupied units are owner-occupied, a direct signal of whether 23227 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 47.1% of adults hold a bachelor's degree or higher, the median age is 45.1, and the average commute is 19 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Henrico County, so you can benchmark 23227 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 23227
Top 5 sectors by establishment count
Which industries have the most business establishments in ZIP 23227.
- Retail trade
Retail trade
82 establishments
- Health care and social assistance
Health care and social assistance
73 establishments
- Other services (except public administration)
Other services (except public administration)
69 establishments
- Professional, scientific, and technical services
Professional, scientific, and technical services
61 establishments
- Construction
Construction
43 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, 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 23227, 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
24,440
Population
29.5
Area (sq mi)
830
People / sq mi
New York
Time Zone
standard
ZIP Type
Who lives in ZIP 23227?
45.1
Median Age
46.0%
Male
54.0%
Female
6.4%
Foreign-Born
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?
$69,187
Median Household Income
-19% vs state
$48,459
Per Capita Income
13.6%
Poverty Rate
6.8%
Unemployment Rate
18.8 min
Mean Commute Time
How ZIP 23227 ranks nationally
Household income vs. every US ZIP code
Median household income — the full national distribution, with this ZIP marked
$69,187 45th percentile higher than 45% of 30,318 US ZIPs
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?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
13,588
Total Housing Units
11,784
Occupied Units
1,804
Vacant Units
2.05
Avg Household Size
Occupancy Type
$364,900
Median Home Value
+9% vs state
$1,362
Median Rent
1968
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
+7.0%
YoY Change (2024)
291
HPI Index (2000 = 100)
+191%
Total Change Since 2000
Home values in ZIP 23227 have increased 7.0% over the past year (2024). Since 2000, this ZIP has seen +191% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +3.8% | 201 |
| 2021 | +9.7% | 221 |
| 2022 | +16.7% | 257 |
| 2023 | +5.7% | 272 |
| 2024 | +7.0% | 291 |
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 534 business establishments in ZIP 23227, employing approximately 9,539 people with a combined annual payroll of $517,404,000.
534
Businesses
9,539
Employees
$517.4M
Annual Payroll
16
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Retail trade | 82 | 15.4% |
| Health care and social assistance | 73 | 13.7% |
| Other services (except public administration) | 69 | 12.9% |
| Professional, scientific, and technical services | 61 | 11.4% |
| Construction | 43 | 8.1% |
| Accommodation and food services | 43 | 8.1% |
| Administrative and support and waste management and remediation services | 24 | 4.5% |
| Finance and insurance | 23 | 4.3% |
| Wholesale trade | 22 | 4.1% |
| Real estate and rental and leasing | 21 | 3.9% |
| Transportation and warehousing | 19 | 3.6% |
| Information | 14 | 2.6% |
| Manufacturing | 13 | 2.4% |
| Educational services | 13 | 2.4% |
| Arts, entertainment, and recreation | 10 | 1.9% |
| Management of companies and enterprises | 3 | 0.6% |
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 23227 vs 23222 →
ZIP 23227 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 23223
Richmond (23223)
47,677 residents
- 23220
Richmond (23220)
35,545 residents
- 23228
Henrico (23228)
34,198 residents
- 23222
Richmond (23222)
24,563 residents
- 23227
Richmond (23227)
24,440 residents
- 23294 17,558
Henrico (23294)
17,558 residents
- 23226 15,805
Richmond (23226)
15,805 residents
- 23221 13,680
Richmond (23221)
13,680 residents
- 23230 5,852
Richmond (23230)
5,852 residents
What this shows Among its immediate neighbors, ZIP 23227 ranks #5 by population — useful context the national average alone can't give.
ZIP 23227 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 23226
Richmond (23226)
$126,655 median income
- 23221
Richmond (23221)
$99,816 median income
- 23230
Richmond (23230)
$74,763 median income
- 23228
Henrico (23228)
$70,260 median income
- 23227
Richmond (23227)
$69,187 median income
- 23294
Henrico (23294)
$64,164 median income
- 23220
Richmond (23220)
$61,381 median income
- 23222
Richmond (23222)
$61,345 median income
- 23219
Richmond (23219)
$57,507 median income
What this shows By household income, ZIP 23227 ranks #5 of 9 neighboring ZIPs — local affluence varies block to block, not just metro to metro.
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 23222 | Richmond, VA | 24,563 | 2.6 mi |
| 23228 | Henrico, VA | 34,198 | 2.8 mi |
| 23230 | Richmond, VA | 5,852 | 3.3 mi |
| 23219 | Richmond, VA | 3,781 | 5.2 mi |
| 23220 | Richmond, VA | 35,545 | 4.6 mi |
| 23221 | Richmond, VA | 13,680 | 5.1 mi |
| 23294 | Henrico, VA | 17,558 | 5.6 mi |
| 23226 | Richmond, VA | 15,805 | 5.1 mi |
| 23223 | Richmond, VA | 47,677 | 5.4 mi |
| 23173 | Richmond, VA | 2,820 | 5.9 mi |
More ZIP Codes in Henrico County
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Frequently Asked Questions
What county is ZIP code 23227 in? ▼
What is the population of ZIP code 23227? ▼
What is the median household income in ZIP 23227? ▼
What is the average home value in ZIP 23227? ▼
What is the demographic makeup of ZIP 23227? ▼
How many businesses are in ZIP code 23227? ▼
What are the main industries in ZIP code 23227? ▼
How have home values changed in ZIP code 23227? ▼
What is the education level in ZIP code 23227? ▼
What is the average commute time in ZIP 23227? ▼
What percentage of residents own vs. rent in ZIP 23227? ▼
What is the poverty rate in ZIP code 23227? ▼
ZIP Code Research Guides
Official Data Resources for Richmond, VA
Verify and explore additional data for this area using these official government sources.
Read our methodology to see how this data is sourced, computed, and verified.