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ZIP Code · VA

ZIP 23223

Part of Henrico, VA
Pop. 54,659·Henrico County·170th most expensive ZIP in Virginia
Median rent (all units)
$1,558/mo
Year-over-Year
+4.5%
Month-over-Month
+0.1%
vs US Median
-$407
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 23223 · $1,558
More affordable than 69% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,350
1 BR
$1,410
2 BR
$1,550
3 BR
$1,950
4 BR+
$2,410
Research median
$1,550/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
$18,696/yr
At $1,558/mo median
Location
StateVA
CountyHenrico County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (4.5% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+4.5% YoY, +0.1% MoM), not inventory.
Demographics

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.

Population
54,659
Median income
$55,731
Median age
35.9
Renters
56.2%
Age distribution
22.3%
26.1%
24%
14.6%
13%
Under 1822.3%
18–3426.1%
35–5424%
55–6414.6%
65+13%
Gender
47%
53%
Male47%
Female53%
Race & ethnicity
21.9%
68.2%
White21.9%
Black68.2%
Hispanic5.1%
Asian1.4%
Other3.5%
Education (25+)
28.2%
28.4%
34%
No HS diploma9.5%
HS diploma28.2%
Some college28.4%
Bachelor's+34%
Housing tenure
43.8%
56.2%
Owner43.8%
Renter56.2%

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

2021 vs 2026

How ZIP 23223 in Henrico, VA has changed in 5 years

Rent
$1,098 → $1,558
up 41.9%
Income
$49,347 → $55,731
up 12.9%
Population
54,634 → 54,659
up 0.0%
Renter share
55.3% → 56.2%
+0.9 pts
Bachelor's+
28.4% → 34%
+5.6 pts
Median age
34.9 → 35.9
+1.0 yrs

Rent in ZIP 23223 in Henrico, VA has climbed 41.9% since 2021, going from about $1,098 per month to roughly $1,558 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 29.0 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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Local insights

Tips for renters in ZIP 23223

About renting in ZIP 23223

Last updated: July 20, 2026

ZIP code 23223 covers Henrico, VA. The median rent here is $1,558/mo as of July 2026. A 1-bedroom rents for a median of $1,410/mo. A 2-bedroom rents for a median of $1,550/mo.

At 34% of local median household income ($55,731/yr), ZIP 23223 ranks as moderate compared to the national benchmark of 30%. Rents have increased 4.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 23223?

As of July 20, 2026, the median monthly rent in ZIP 23223 (Henrico, VA) is $1,558. This is based on aggregated data from public sources and community submissions.

How does ZIP 23223 rent compare to the US average?

ZIP 23223's median rent of $1,558/mo is $407 (21%) below the US national median of $1,965/mo.

How does ZIP 23223 compare to other ZIPs in Virginia?

ZIP 23223 is among the more affordable ZIP codes in Virginia, ranking #170 out of 198 ZIPs at $1,558/mo.

How much income do you need to rent in ZIP 23223?

To keep rent at or below 30% of gross income, you would need to earn at least $62,000/year (~$30/hour full-time) to afford the median rent of $1,558/mo in ZIP 23223. The local median household income is $55,731/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 23223?

Rent in ZIP 23223 has increased 4.5% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 23223 an affordable place to rent?

ZIP 23223 is considered moderate for renters. At $1,558/mo, rent takes approximately 34% of the local median household income ($55,731/yr). The standard benchmark is 30%. ZIP 23223 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 23223 residents rent vs. own?

According to Census data, approximately 56.2% of ZIP 23223 households are renters, while 43.8% are owner-occupied. With a majority renter population, ZIP 23223 has a strong rental market.

How does ZIP 23223 compare to the rest of Henrico?

ZIP 23223 is more affordable than Henrico overall. At $1,558/mo, it's $224 below the Henrico citywide median of $1,782/mo.

When was rent data for ZIP 23223 last updated?

Rent data for ZIP 23223 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
34%
MODERATE

At $1,558/mo, rent takes ~34% of ZIP 23223's median household income ($55,731/yr). The standard benchmark is 30%.

ZIP 23223 34%Benchmark 30%
State income tax2–5.75%
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Public schools near ZIP 23223 (Henrico, VA)

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