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ZIP Code · VA

ZIP 22963

Part of Palmyra, VA
Pop. 16,896·Fluvanna County·94th most expensive ZIP in Virginia
Median rent (all units)
$2,089/mo
Year-over-Year
Stable
Month-over-Month
+7.7%
vs US Median
+$124
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 22963 · $2,089
More expensive than 65% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,570
1 BR
$1,770
2 BR
$2,020
3 BR
$2,460
4 BR+
$3,020
Research median
$2,020/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$25,068/yr
At $2,089/mo median
Location
StateVA
CountyFluvanna County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +7.7% MoM), not inventory.
Demographics

Who lives here

ZIP 22963 (Palmyra, VA) is majority owner-occupied, has a large retiree population, has a median income above the national average, 45% of residents hold a bachelor's degree or higher.

Population
16,896
Median income
$104,259
Median age
43.5
Renters
6.2%
Age distribution
20.5%
19.8%
22.6%
13.3%
23.9%
Under 1820.5%
18–3419.8%
35–5422.6%
55–6413.3%
65+23.9%
Gender
47.3%
52.7%
Male47.3%
Female52.7%
Race & ethnicity
78.5%
White78.5%
Black9.1%
Hispanic6%
Asian0.9%
Other5.4%
Education (25+)
21.8%
30.2%
45%
No HS diploma3%
HS diploma21.8%
Some college30.2%
Bachelor's+45%
Housing tenure
93.8%
Owner93.8%
Renter6.2%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 22963 in Palmyra, VA has changed in 5 years

Income
$87,850 → $104,259
up 18.7%
Population
16,210 → 16,896
up 4.2%
Renter share
8.2% → 6.2%
-2.0 pts
Bachelor's+
44.5% → 45%
+0.5 pts
Median age
43 → 43.5
+0.5 yrs

Census figures show median household income at $104,259 today, compared with $87,850 five years earlier. Headcount in the area went from 16,210 to 16,896 between 2021 and 2024, a 4.2% change. About 6.2% of households rent today, against 8.2% in 2021.

Community

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Local insights

Tips for renters in ZIP 22963

About renting in ZIP 22963

Last updated: July 20, 2026

ZIP code 22963 covers Palmyra, VA. The median rent here is $2,089/mo as of July 2026. A 1-bedroom rents for a median of $1,770/mo. A 2-bedroom rents for a median of $2,020/mo.

At 24% of local median household income ($104,259/yr), ZIP 22963 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 22963?

As of July 20, 2026, the median monthly rent in ZIP 22963 (Palmyra, VA) is $2,089. This is based on aggregated data from public sources and community submissions.

How does ZIP 22963 rent compare to the US average?

ZIP 22963's median rent of $2,089/mo is $124 (6%) above the US national median of $1,965/mo.

How does ZIP 22963 compare to other ZIPs in Virginia?

ZIP 22963 falls in the middle range for Virginia, ranking #94 out of 198 ZIPs at $2,089/mo.

How much income do you need to rent in ZIP 22963?

To keep rent at or below 30% of gross income, you would need to earn at least $84,000/year (~$40/hour full-time) to afford the median rent of $2,089/mo in ZIP 22963. The local median household income is $104,259/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 22963?

Rent in ZIP 22963 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 22963 an affordable place to rent?

ZIP 22963 is considered very affordable for renters. At $2,089/mo, rent takes approximately 24% of the local median household income ($104,259/yr). The standard benchmark is 30%. ZIP 22963 falls comfortably within that range.

What percentage of ZIP 22963 residents rent vs. own?

According to Census data, approximately 6.2% of ZIP 22963 households are renters, while 93.8% are owner-occupied. ZIP 22963 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 22963 compare to the rest of Palmyra?

ZIP 22963 sits right at the Palmyra citywide median of $2,089/mo.

When was rent data for ZIP 22963 last updated?

Rent data for ZIP 22963 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
24%
VERY AFFORDABLE

At $2,089/mo, rent takes ~24% of ZIP 22963's median household income ($104,259/yr). The standard benchmark is 30%.

ZIP 22963 24%Benchmark 30%
State income tax2–5.75%
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Schools nearby

Public schools near ZIP 22963 (Palmyra, VA)

Recent submissions

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