ZIP Code · VA

ZIP 23230

Part of Henrico, VA

Pop. 8,910·Henrico County·106th most expensive ZIP in Virginia

Median rent (all units)

$1,923/mo

Year-over-Year

+3.8%

Month-over-Month

+1.2%

vs US Median

-$9

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 23230 · $1,923

More expensive than 57% 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

$1,670

2 BR

$1,830

3 BR

$2,290

4 BR+

$2,820

Research median

$1,830/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

February. Asking rents in ZIP 23230 usually run 2.4% below trend in February and 2.1% above it in August, about $87 a month apart at today's median. Based on 6 years of data.

Compared with the peak

Rent in ZIP 23230 is at its highest level since Zillow's records here began in January 2020.

Past year vs. the rest of Virginia

Rent in ZIP 23230 changed +3.8% over the year to September 2026. Across the 169 Virginia ZIP codes Zillow tracks, the typical change was +3.4%.

Since before the pandemic

Rent in ZIP 23230 is 36% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 6 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($74,763) is $1,869 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,830); a 3-bedroom is $2,290.

Rank in Henrico

6th cheapest of 7 ZIP codes in Henrico.

Cheaper nearby

ZIP 23228, 3 miles away, rents for 16% less ($1,624/mo), about $3,600 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 23230. 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

$23,076/yr

At $1,923/mo median

Location

CityHenrico

StateVA

CountyHenrico County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 3.8% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+3.8% YoY, +1.2% MoM), not inventory.

Demographics

Who lives here

ZIP 23230 (Henrico, VA) is majority renter-occupied, skews toward younger working-age adults, 59.8% of residents hold a bachelor's degree or higher.

Population

8,910

Median income

$74,763

Median age

33.8

Renters

65.9%

Age distribution

44.8%

22.6%

12.6%

Under 189%

18–3444.8%

35–5422.6%

55–6411%

65+12.6%

Gender

49.8%

50.2%

Male49.8%

Female50.2%

Race & ethnicity

70%

White70%

Black11.2%

Hispanic10.9%

Asian5.4%

Other2.5%

Education (25+)

20.8%

59.8%

No HS diploma8.1%

HS diploma11.3%

Some college20.8%

Bachelor's+59.8%

Housing tenure

34.1%

65.9%

Owner34.1%

Renter65.9%

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

2021 vs 2026

How ZIP 23230 in Henrico, VA has changed in 5 years

Rent

$1,497 → $1,923

up 28.5%

Income

$64,981 → $74,763

up 15.1%

Population

7,395 → 8,910

up 20.5%

Renter share

61.6% → 65.9%

+4.3 pts

Bachelor's+

50.4% → 59.8%

+9.4 pts

Median age

38.2 → 33.8

-4.4 yrs

The median rent in ZIP 23230 in Henrico, VA stood at $1,497 in 2021 and currently runs about $1,923, reflecting a 28.5% increase over the period. Local incomes tracked alongside that move, going from a median of $64,981 in 2021 to $74,763 more recently. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 20.5% since 2021, moving from about 7,395 residents to roughly 8,910. Renters now make up 65.9% of households, compared with 61.6% five years ago. College-educated residents now make up 59.8% of adults here, versus 50.4% in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 23230 in Henrico, VA market of 2021.

Community

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Local insights

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About renting in ZIP 23230

Last updated: October 17, 2026

ZIP code 23230 covers Henrico, VA. The median rent here is $1,923/mo as of October 2026. A 1-bedroom rents for a median of $1,670/mo. A 2-bedroom rents for a median of $1,830/mo.

At 31% of local median household income ($74,763/yr), ZIP 23230 ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.8% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 23230?

To keep rent at or below 30% of gross income, you would need to earn at least $77,000/year (about $37/hour full-time) to afford the median rent of $1,923/mo in ZIP 23230. The local median household income is $74,763/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 23230?

Rent in ZIP 23230 has risen 3.8% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2020.

When is the cheapest time to rent in ZIP 23230?

Asking rents in ZIP 23230 are usually lowest in February, about 2.4% below their yearly trend, and highest in August, about 2.1% above it. At today's median that is a gap of roughly $87 a month. This pattern comes from 6 years of Zillow rent data.

How does ZIP 23230 compare to other ZIPs in Virginia?

ZIP 23230 is in the middle among Virginia ZIP codes for rent, ranking #106 of 194 at $1,923/mo. Over the year to September 2026, rent in ZIP 23230 changed +3.8%, against a typical +3.4% across the 169 Virginia ZIP codes Zillow tracks.