ZIP Code · VA

ZIP 23229

Part of Henrico, VA

Pop. 35,689·Henrico County·131st most expensive ZIP in Virginia

Median rent (all units)

$1,773/mo

Year-over-Year

+3.3%

Month-over-Month

+0.6%

vs US Median

-$159

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 23229 · $1,773

More affordable than 53% of US ZIP codes · National median $1,932/mo

Rent check

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,420

1 BR

$1,480

2 BR

$1,630

3 BR

$2,040

4 BR+

$2,510

Research median

$1,630/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

Past year vs. the rest of Virginia

Rent in ZIP 23229 changed +3.3% over the year to September 2026. Across the 169 Virginia ZIP codes Zillow tracks, the typical change was +3.4%.

Recent direction

Rent has risen 5 months in a row, and rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($107,854) is $2,696 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,510).

Rank in Henrico

5th cheapest of 7 ZIP codes in Henrico.

Cheaper nearby

ZIP 23225, 6 miles away, rents for 14% less ($1,518/mo), about $3,100 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 23229. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$21,276/yr

At $1,773/mo median

Location

CityHenrico

StateVA

CountyHenrico County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.3% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.3% YoY, +0.6% MoM), not inventory.

Demographics

Who lives here

ZIP 23229 (Henrico, VA) is majority owner-occupied, has a median income above the national average, 58.2% of residents hold a bachelor's degree or higher.

Population

35,689

Median income

$107,854

Median age

40.1

Renters

28.8%

Age distribution

23.4%

20%

25.8%

18.9%

Under 1823.4%

18–3420%

35–5425.8%

55–6411.9%

65+18.9%

Gender

47.8%

52.2%

Male47.8%

Female52.2%

Race & ethnicity

74.4%

White74.4%

Black6.2%

Hispanic7.6%

Asian6.7%

Other5.1%

Education (25+)

13.8%

20.9%

58.2%

No HS diploma7.1%

HS diploma13.8%

Some college20.9%

Bachelor's+58.2%

Housing tenure

71.2%

28.8%

Owner71.2%

Renter28.8%

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

2021 vs 2026

How ZIP 23229 in Henrico, VA has changed in 5 years

Income

$88,760 → $107,854

up 21.5%

Population

35,550 → 35,689

up 0.4%

Renter share

30% → 28.8%

-1.2 pts

Bachelor's+

58.7% → 58.2%

-0.5 pts

Median age

38.5 → 40.1

+1.6 yrs

Local incomes tracked alongside that move, going from a median of $88,760 in 2021 to $107,854 more recently.

Community

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Local insights

Tips for renters in ZIP 23229

About renting in ZIP 23229

Last updated: October 17, 2026

ZIP code 23229 covers Henrico, VA. The median rent here is $1,773/mo as of October 2026. A 1-bedroom rents for a median of $1,480/mo. A 2-bedroom rents for a median of $1,630/mo.

At 20% of local median household income ($107,854/yr), ZIP 23229 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 23229?

To keep rent at or below 30% of gross income, you would need to earn at least $71,000/year (about $34/hour full-time) to afford the median rent of $1,773/mo in ZIP 23229. The local median household income is $107,854/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 23229?

Rent in ZIP 23229 has risen 3.3% over the past year.

How does ZIP 23229 compare to other ZIPs in Virginia?

ZIP 23229 is one of the more affordable among Virginia ZIP codes for rent, ranking #131 of 194 at $1,773/mo. Over the year to September 2026, rent in ZIP 23229 changed +3.3%, against a typical +3.4% across the 169 Virginia ZIP codes Zillow tracks.