ZIP 23223
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12-month history
Last updated: October 17, 2026
What the numbers show
February. Asking rents in ZIP 23223 usually run 0.8% below trend in February and 0.9% above it in June, about $25 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 23223 is 0.3% below its high of $1,474 in July 2026, at $1,469 as of September 2026.
Rent in ZIP 23223 changed +3.2% over the year to September 2026. Across the 169 Virginia ZIP codes Zillow tracks, the typical change was +3.4%.
From 2019 to 2024, rent in ZIP 23223 rose 40% while median household income rose 28.1% ($43,505 to $55,731). Rent outpaced income.
Rent in ZIP 23223 is 50.8% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has fallen 2 months in a row, and rose in 9 of the last 12 months.
30% of the median household income ($55,731) is $1,393 a month. That covers HUD's Fair Market Rent for up to a studio ($1,350); a 1-bedroom is $1,410.
1st cheapest of 7 ZIP codes in Henrico.
From Zillow's monthly rent index (ZORI) for ZIP 23223. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 23223 (Henrico, VA) is majority renter-occupied, has a median income below the national average, 34% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 23223 in Henrico, VA has changed in 5 years
Rent in ZIP 23223 in Henrico, VA has climbed 41.3% since 2021, going from about $1,040 per month to roughly $1,469 today. Median household income grew from $49,347 to $55,731 between 2021 and 2024, a 12.9% shift. Rent outpaced income growth by roughly 28.4 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 28.4% to 34%. Taken together, the five-year picture in ZIP 23223 in Henrico, VA reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
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Tips for renters in ZIP 23223
Last updated: October 17, 2026
ZIP code 23223 covers Henrico, VA. The median rent here is $1,469/mo as of October 2026. A 1-bedroom rents for a median of $1,410/mo. A 2-bedroom rents for a median of $1,550/mo.
At 32% of local median household income ($55,731/yr), ZIP 23223 ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.2% over the past year.
Frequently asked questions
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How does ZIP 23223 compare to the rest of Henrico?
At $1,469/mo, rent takes ~32% of ZIP 23223's median household income ($55,731/yr). The standard benchmark is 30%.
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