Henrico, VA · standard

ZIP Code 23231

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

34,685
152/sq mi
$76,505
Median income
$297,800
Median home value
28.3%
Bachelor's or higher

The verdict

Henrico pairs an above-median household income with above-median home values, in a rural, homeowner-dominated area.

Top 43%
household income, US ZIPs
Top 34%
home value, US ZIPs
152
people per sq mi
67%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 23231 against every reporting US ZIP.

ZIP code 23231 is classified by USPS as a standard delivery area and covers roughly 228.6 square miles in Henrico, Henrico County, Virginia. The area is home to 34,685 residents, producing a population density of 152 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 23231 against Virginia and the nation.

On the economic side, the median household income for ZIP 23231 sits at $76,505 (11% below the Virginia average), while per-capita income is $42,080. The poverty rate stands at 9.8% and the unemployment rate at 5.1%. On housing, the median home value is $297,800 (11% below the state average) with median rent at $1,361 per month, and 67.0% of occupied units are owner-occupied, a direct signal of whether 23231 behaves more like a homeowner neighborhood or a renter-heavy ZIP.

Education and household profile round out the picture: 28.3% of adults hold a bachelor's degree or higher, the median age is 42.8, and the average commute is 26 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Henrico County, so you can benchmark 23231 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 23231

Top 5 sectors by establishment count

Which industries have the most business establishments in ZIP 23231.

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 23231, Henrico, 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

34,685

Population

228.6

Area (sq mi)

152

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 23231?

42.8

Median Age

45.9%

Male

54.1%

Female

3.6%

Foreign-Born

White 31.9%
African American 60.4%
Asian 0.8%
American Indian or Alaska Native 0.2%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 5.9%
Hispanic or Latino 3.8%

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?

$76,505

Median Household Income

-11% vs state

$42,080

Per Capita Income

9.8%

Poverty Rate

5.1%

Unemployment Rate

25.8 min

Mean Commute Time

How ZIP 23231 ranks nationally

Household income vs. every US ZIP code

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

$76,505 Top 43% higher than 57% 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%). Below this entry. $60,000–$80,000: 9,980 US ZIPs (33%). This entry sits in this band. $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 59.3%
Bachelor's Degree or Higher 28.3%

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

What does housing look like?

17,262

Total Housing Units

16,528

Occupied Units

734

Vacant Units

2.32

Avg Household Size

Occupancy Type

Owner 67.0%
Renter 33.0%

$297,800

Median Home Value

-11% vs state

$1,361

Median Rent

1989

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

+8.0%

YoY Change (2024)

287

HPI Index (2000 = 100)

+187%

Total Change Since 2000

Home values in ZIP 23231 have increased 8.0% over the past year (2024). Since 2000, this ZIP has seen +187% cumulative appreciation.

Year Annual Change HPI Index
2020 +3.9% 181
2021 +14.5% 207
2022 +16.6% 241
2023 +10.2% 266
2024 +8.0% 287

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 781 business establishments in ZIP 23231, employing approximately 15,721 people with a combined annual payroll of $875,591,000.

781

Businesses

15,721

Employees

$875.6M

Annual Payroll

17

Industry Sectors

Industry Establishments % of Total
Retail trade 116 14.8%
Other services (except public administration) 82 10.5%
Health care and social assistance 76 9.7%
Construction 75 9.6%
Wholesale trade 73 9.3%
Accommodation and food services 67 8.6%
Transportation and warehousing 61 7.8%
Administrative and support and waste management and remediation services 48 6.2%
Manufacturing 46 5.9%
Professional, scientific, and technical services 40 5.1%
Real estate and rental and leasing 35 4.5%
Finance and insurance 21 2.7%
Arts, entertainment, and recreation 11 1.4%
Educational services 9 1.1%
Information 8 1.0%
Management of companies and enterprises 7 0.9%
Utilities 4 0.5%

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 23231 vs 23250 →

ZIP 23231 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 23231 ranks #2 by population — useful context the national average alone can't give.

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

ZIP 23231 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 23231 ranks #5 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
23250 Richmond, VA 0 4.4 mi
23075 Henrico, VA 9,819 7.4 mi
23836 Chester, VA 11,444 6.8 mi
23150 Sandston, VA 12,045 5.8 mi
23237 Richmond, VA 21,192 7.8 mi
23223 Richmond, VA 47,677 8.6 mi
23224 Richmond, VA 33,461 9.0 mi
23219 Richmond, VA 3,781 9.4 mi
23831 Chester, VA 33,079 9.8 mi
23222 Richmond, VA 24,563 11.2 mi

More ZIP Codes in Henrico County

Frequently Asked Questions

What county is ZIP code 23231 in?
ZIP code 23231 (Henrico) 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 23231?
ZIP code 23231 in Henrico, VA has a population of 34,685 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 23231?
The median household income in ZIP 23231 is $76,505, which is 0% above the national average of $76,288.
What is the average home value in ZIP 23231?
The median home value in ZIP 23231 is $297,800, which is 7% above the national average of $278,155.
What is the demographic makeup of ZIP 23231?
The largest racial group in ZIP 23231 is African American at 60.4%. Hispanic or Latino residents make up 3.8% of the population.
How many businesses are in ZIP code 23231?
ZIP code 23231 has 781 business establishments employing approximately 15,721 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 23231?
The top industries by establishment count in ZIP 23231 are: Retail trade (116), Other services (except public administration) (82), Health care and social assistance (76). There are 17 industry sectors represented in total.
How have home values changed in ZIP code 23231?
According to the FHFA House Price Index, home values in ZIP 23231 increased by 8.0% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 187%. 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 23231?
In ZIP code 23231, 59.3% of residents aged 25+ have a high school diploma or higher, and 28.3% 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 23231?
The mean commute time for workers in ZIP code 23231 is 25.8 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 23231?
In ZIP code 23231, approximately 67.0% of occupied housing units are owner-occupied and 33.0% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 23231?
The poverty rate in ZIP code 23231 is 9.8% 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 Henrico, VA

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