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 High-density area
- $69,187
- Median income Near-median income area
- $364,900
- Median home value Above-median home value
- 47.1%
- Bachelor's or higher Above-average bachelor's attainment
National ZIP placement
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.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 23227 (Richmond, VA) rose +7.0% from 2023 to 2024. The all-transactions index moved from 272.2 in 2023 to 291.3 in 2024 (2000 = 100).
ZIP code 23227 is a densely settled ZIP (a standard USPS delivery area) in Richmond, Henrico County, Virginia, with 24,440 residents across 29.5 square miles, a density of 830 people per square mile, in the New York time zone.
ZIP 23227 reports a modest median household income of $69,187 (19% below the average Virginia ZIP), while per-capita income is $48,459. The poverty rate is 13.6%, with unemployment at 6.8%; those measures add context to the income figure. Median home value is $364,900 (9% above the average Virginia ZIP) and median rent is $1,362; 54.9% of occupied homes are owner-occupied.
A solid share of residents have a four-year degree: 47.1% of adults hold a bachelor's degree or higher, the median age is 45.1, and the average commute is 19 minutes. The page also surfaces 10 ZIP codes within roughly 10 miles and 6 more in Henrico County, so 23227 can be compared with both its immediate and county-level context.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Top industries in ZIP 23227
Top 5 sectors by establishment count in Richmond, VA
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 + FHFA HPI ACS demographics and median rent, ZBP business establishments, 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; 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 ZIP avg
$48,459
Per Capita Income
13.6%
Poverty Rate
6.8%
Unemployment Rate
18.8 min
Mean Commute Time
How ZIP 23227 ranks among Virginia ZIPs
Richmond, VA household income vs. every Virginia ZIP code
Median household income among 804 reporting Virginia ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$69,187 43rd percentile higher than 43% of 804 Virginia ZIPs
Each bar is a $20K-wide band; taller bars hold more Virginia 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?
Housing stock: occupied vs vacant
13,588housing units
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 ZIP avg
$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 |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 23227, both outside VA so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (24,440 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Henrico County
Related Areas
Frequently Asked Questions
What county is ZIP code 23227 in?
ZIP code 23227 (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 23227?
ZIP code 23227 in Richmond, VA has a population of 24,440 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 23227?
The median household income in ZIP 23227 is $69,187, which is 9% below the national average of $76,288.
What is the average home value in ZIP 23227?
The median home value in ZIP 23227 is $364,900, which is 31% above the national average of $278,155.
What is the demographic makeup of ZIP 23227?
The largest racial group in ZIP 23227 is African American at 45.6%. Hispanic or Latino residents make up 5.0% of the population.
How many businesses are in ZIP code 23227?
ZIP code 23227 has 534 business establishments employing approximately 9,539 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 23227?
The top industries by establishment count in ZIP 23227 are: Retail trade (82), Health care and social assistance (73), Other services (except public administration) (69). There are 16 industry sectors represented in total.
How have home values changed in ZIP code 23227?
According to the FHFA House Price Index, home values in ZIP 23227 increased by 7.0% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 191%. 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 23227?
In ZIP code 23227, 68.1% of residents aged 25+ have a high school diploma or higher, and 47.1% 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 23227?
The mean commute time for workers in ZIP code 23227 is 18.8 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 23227?
In ZIP code 23227, approximately 54.9% of occupied housing units are owner-occupied and 45.1% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 23227?
The poverty rate in ZIP code 23227 is 13.6% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
Take this with you
What to do with ZIP 23227's numbers, next.
- See how ZIP 23227 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Richmond, VA ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
- Save this ZIP to your shortlist to track alongside others you're considering View your shortlist
ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.