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ZIP Code · VA

ZIP 23229

Part of Henrico, VA
Pop. 35,689·Henrico County·125th most expensive ZIP in Virginia
Median rent (all units)
$1,857/mo
Year-over-Year
+10.0%
Month-over-Month
-2.9%
vs US Median
-$105
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 23229 · $1,857
More expensive than 52% of US ZIP codes · National median $1,962/mo
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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: August 17, 2026

Annual cost
$22,284/yr
At $1,857/mo median
Location
StateVA
CountyHenrico County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (10.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+10.0% YoY, -2.9% 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: August 17, 2026

ZIP code 23229 covers Henrico, VA. The median rent here is $1,857/mo as of August 2026. A 1-bedroom rents for a median of $1,480/mo. A 2-bedroom rents for a median of $1,630/mo.

At 21% of local median household income ($107,854/yr), ZIP 23229 ranks as affordable compared to the national benchmark of 30%. Rents have increased 10.0% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 23229?

As of August 17, 2026, the median monthly rent in ZIP 23229 (Henrico, VA) is $1,857. This is based on aggregated data from public sources and community submissions.

How does ZIP 23229 rent compare to the US average?

ZIP 23229's median rent of $1,857/mo is $105 (5%) below the US national median of $1,962/mo.

How does ZIP 23229 compare to other ZIPs in Virginia?

ZIP 23229 falls in the middle range for Virginia, ranking #125 out of 201 ZIPs at $1,857/mo.

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 $74,000/year (~$36/hour full-time) to afford the median rent of $1,857/mo in ZIP 23229. The local median household income is $107,854/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 23229?

Rent in ZIP 23229 has increased 10.0% over the past year as of August 17, 2026, putting upward pressure on renter budgets.

Is ZIP 23229 an affordable place to rent?

ZIP 23229 is considered very affordable for renters. At $1,857/mo, rent takes approximately 21% of the local median household income ($107,854/yr). The standard benchmark is 30%. ZIP 23229 falls comfortably within that range.

What percentage of ZIP 23229 residents rent vs. own?

According to Census data, approximately 28.8% of ZIP 23229 households are renters, while 71.2% are owner-occupied. ZIP 23229 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 23229 compare to the rest of Henrico?

ZIP 23229 is pricier than Henrico as a whole. At $1,857/mo, it's $93 above the Henrico citywide median of $1,764/mo.

When was rent data for ZIP 23229 last updated?

Rent data for ZIP 23229 reflects August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
21%
VERY AFFORDABLE

At $1,857/mo, rent takes ~21% of ZIP 23229's median household income ($107,854/yr). The standard benchmark is 30%.

ZIP 23229 21%Benchmark 30%
State income tax2–5.75%
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Schools nearby

Public schools near ZIP 23229 (Henrico, VA)

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