ZIP Code · VA

ZIP 22963

Part of Palmyra, VA

Pop. 16,896·Fluvanna County·99th most expensive ZIP in Virginia

Median rent (all units)

$2,000/mo

Year-over-Year

Stable

Month-over-Month

-4.3%

vs US Median

+$68

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 22963 · $2,000

More expensive than 62% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

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: August 17, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($104,259) is $2,606 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,460); a 4-bedroom is $3,020.

From Zillow's monthly rent index (ZORI) for ZIP 22963. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$24,000/yr

At $2,000/mo median

Location

CityPalmyra

StateVA

CountyFluvanna County

Rent Market Meter

Strong Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.

Based on rent-price momentum (+0.0% YoY, -4.3% 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

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About renting in ZIP 22963

Last updated: August 17, 2026

ZIP code 22963 covers Palmyra, VA. The median rent here is $2,000/mo as of August 2026. A 1-bedroom rents for a median of $1,770/mo. A 2-bedroom rents for a median of $2,020/mo.

At 23% 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 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 $80,000/year (about $38/hour full-time) to afford the median rent of $2,000/mo in ZIP 22963. The local median household income is $104,259/yr, so the typical household meets that bar.