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ZIP Code · VA

ZIP 23111

Pop. 38,070·Hanover County·87th most expensive ZIP in Virginia
Median rent (all units)
$2,141/mo
Year-over-Year
Stable
Month-over-Month
-1.6%
vs US Median
+$176
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 23111 · $2,141
More expensive than 67% 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
$1,640
2 BR
$1,800
3 BR
$2,250
4 BR+
$2,780
Research median
$1,800/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
$25,692/yr
At $2,141/mo median
Location
StateVA
CountyHanover County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 0.0% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+0.0% YoY, -1.6% MoM), not inventory.
Demographics

Who lives here

ZIP 23111 (Mechanicsville, VA) is majority owner-occupied, has a large retiree population, has a median income above the national average, 33.1% of residents hold a bachelor's degree or higher.

Population
38,070
Median income
$98,969
Median age
43.1
Renters
23.4%
Age distribution
20%
19.4%
25.2%
14.3%
21.1%
Under 1820%
18–3419.4%
35–5425.2%
55–6414.3%
65+21.1%
Gender
49.2%
50.8%
Male49.2%
Female50.8%
Race & ethnicity
84.7%
White84.7%
Black7.2%
Hispanic2.4%
Asian1.4%
Other4.4%
Education (25+)
29.6%
31.8%
33.1%
No HS diploma5.5%
HS diploma29.6%
Some college31.8%
Bachelor's+33.1%
Housing tenure
76.6%
23.4%
Owner76.6%
Renter23.4%

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

2021 vs 2026

How ZIP 23111 in Mechanicsville, VA has changed in 5 years

Income
$82,854 → $98,969
up 19.4%
Population
37,160 → 38,070
up 2.4%
Renter share
21% → 23.4%
+2.4 pts
Bachelor's+
32.4% → 33.1%
+0.7 pts
Median age
42.4 → 43.1
+0.7 yrs

Median household income grew from $82,854 to $98,969 between 2021 and 2024, a 19.4% shift. Headcount in the area went from 37,160 to 38,070 between 2021 and 2024, a 2.4% change. About 23.4% of households rent today, against 21% in 2021.

Community

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Local insights

Tips for renters in ZIP 23111

About renting in ZIP 23111

Last updated: July 20, 2026

ZIP code 23111 covers Mechanicsville, VA. The median rent here is $2,141/mo as of July 2026. A 1-bedroom rents for a median of $1,640/mo. A 2-bedroom rents for a median of $1,800/mo.

At 26% of local median household income ($98,969/yr), ZIP 23111 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 23111?

As of July 20, 2026, the median monthly rent in ZIP 23111 (Mechanicsville, VA) is $2,141. This is based on aggregated data from public sources and community submissions.

How does ZIP 23111 rent compare to the US average?

ZIP 23111's median rent of $2,141/mo is $176 (9%) above the US national median of $1,965/mo.

How does ZIP 23111 compare to other ZIPs in Virginia?

ZIP 23111 falls in the middle range for Virginia, ranking #87 out of 198 ZIPs at $2,141/mo.

How much income do you need to rent in ZIP 23111?

To keep rent at or below 30% of gross income, you would need to earn at least $86,000/year (~$41/hour full-time) to afford the median rent of $2,141/mo in ZIP 23111. The local median household income is $98,969/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 23111?

Rent in ZIP 23111 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 23111 an affordable place to rent?

ZIP 23111 is considered affordable for renters. At $2,141/mo, rent takes approximately 26% of the local median household income ($98,969/yr). The standard benchmark is 30%. ZIP 23111 falls comfortably within that range.

What percentage of ZIP 23111 residents rent vs. own?

According to Census data, approximately 23.4% of ZIP 23111 households are renters, while 76.6% are owner-occupied. ZIP 23111 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 23111 compare to the rest of Mechanicsville?

ZIP 23111 is pricier than Mechanicsville as a whole. At $2,141/mo, it's $2 above the Mechanicsville citywide median of $2,139/mo.

When was rent data for ZIP 23111 last updated?

Rent data for ZIP 23111 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
26%
AFFORDABLE

At $2,141/mo, rent takes ~26% of ZIP 23111's median household income ($98,969/yr). The standard benchmark is 30%.

ZIP 23111 26%Benchmark 30%
State income tax2–5.75%
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Schools nearby

Public schools near ZIP 23111 (Mechanicsville, VA)

Recent submissions

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