ZIP Code · VA

ZIP 23228

Part of Lakeside, VA

Pop. 36,527·Henrico County·152nd most expensive ZIP in Virginia

Median rent (all units)

$1,624/mo

Year-over-Year

+0.8%

Month-over-Month

-0.5%

vs US Median

-$308

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 23228 · $1,624

More affordable than 64% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,590

1 BR

$1,660

2 BR

$1,820

3 BR

$2,280

4 BR+

$2,810

Research median

$1,820/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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

December. Asking rents in ZIP 23228 usually run 1.7% below trend in December and 1.1% above it in June, about $45 a month apart at today's median. Based on 7 years of data.

Compared with the peak

Rent in ZIP 23228 is 1.3% below its high of $1,646 in June 2026, at $1,624 as of September 2026.

Past year vs. the rest of Virginia

Rent in ZIP 23228 changed +0.8% over the year to September 2026. Across the 169 Virginia ZIP codes Zillow tracks, the typical change was +3.4%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 23228 rose 40.8% while median household income rose 31% ($53,626 to $70,260). Rent outpaced income.

Since before the pandemic

Rent in ZIP 23228 is 43.3% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has fallen 3 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($70,260) is $1,757 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,660); a 2-bedroom is $1,820.

From Zillow's monthly rent index (ZORI) for ZIP 23228. 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.

Annual cost

$19,488/yr

At $1,624/mo median

Location

CityLakeside

StateVA

CountyHenrico County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+0.8% YoY, -0.5% MoM), not inventory.

Demographics

Who lives here

ZIP 23228 (Lakeside, VA) is roughly split between renters and owners, 33.3% of residents hold a bachelor's degree or higher.

Population

36,527

Median income

$70,260

Median age

36.6

Renters

48.2%

Age distribution

17.6%

29.9%

24.8%

12.7%

15%

Under 1817.6%

18–3429.9%

35–5424.8%

55–6412.7%

65+15%

Gender

50.3%

49.7%

Male50.3%

Female49.7%

Race & ethnicity

50.2%

24.8%

14.4%

White50.2%

Black24.8%

Hispanic14.4%

Asian6.4%

Other4.2%

Education (25+)

27%

29.3%

33.3%

No HS diploma10.4%

HS diploma27%

Some college29.3%

Bachelor's+33.3%

Housing tenure

51.8%

48.2%

Owner51.8%

Renter48.2%

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

2021 vs 2026

How ZIP 23228 in Lakeside, VA has changed in 5 years

Rent

$1,299 → $1,624

up 25.0%

Income

$58,814 → $70,260

up 19.5%

Population

35,744 → 36,527

up 2.2%

Renter share

47.5% → 48.2%

+0.7 pts

Bachelor's+

31.8% → 33.3%

+1.5 pts

Median age

37.4 → 36.6

-0.8 yrs

Five years ago, renters in ZIP 23228 in Lakeside, VA paid around $1,299 a month. That figure now sits near $1,624, up 25.0% from the 2021 baseline. Census figures show median household income at $70,260 today, compared with $58,814 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 23228 in Lakeside, VA adding about 783 residents over the five-year window, up 2.2% on net. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

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About renting in ZIP 23228

Last updated: October 17, 2026

ZIP code 23228 covers Lakeside, VA. The median rent here is $1,624/mo as of October 2026. A 1-bedroom rents for a median of $1,660/mo. A 2-bedroom rents for a median of $1,820/mo.

At 28% of local median household income ($70,260/yr), ZIP 23228 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.8% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 23228?

To keep rent at or below 30% of gross income, you would need to earn at least $65,000/year (about $31/hour full-time) to afford the median rent of $1,624/mo in ZIP 23228. The local median household income is $70,260/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 23228?

Rent in ZIP 23228 has risen 0.8% over the past year as of September 2026. It sits 1.3% below its high of $1,646 in June 2026.

When is the cheapest time to rent in ZIP 23228?

Asking rents in ZIP 23228 are usually lowest in December, about 1.7% below their yearly trend, and highest in June, about 1.1% above it. At today's median that is a gap of roughly $45 a month. This pattern comes from 7 years of Zillow rent data.

Has rent outpaced income in ZIP 23228?

Yes. From 2019 to 2024, rent in ZIP 23228 rose 40.8% while median household income rose 31%, from $53,626 to $70,260. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 23228 compare to other ZIPs in Virginia?

ZIP 23228 is one of the more affordable among Virginia ZIP codes for rent, ranking #152 of 194 at $1,624/mo. Over the year to September 2026, rent in ZIP 23228 changed +0.8%, against a typical +3.4% across the 169 Virginia ZIP codes Zillow tracks.