RentDataNowRentDataNow
ZIP Code · VA

ZIP 23231

Part of Henrico, VA
Pop. 38,544·Henrico County·139th most expensive ZIP in Virginia
Median rent (all units)
$1,717/mo
Year-over-Year
+7.8%
Month-over-Month
+2.2%
vs US Median
-$248
Rising (Monthly)
Be the first to discuss 23231 rents ↓
Most AffordableMost Expensive
ZIP 23231 · $1,717
More affordable than 57% of US ZIP codes · National median $1,965/mo
Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$1,340
1 BR
$1,400
2 BR
$1,540
3 BR
$1,950
4 BR+
$2,410
Research median
$1,540/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost
$20,604/yr
At $1,717/mo median
Location
StateVA
CountyHenrico County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 7.8% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+7.8% YoY, +2.2% MoM), not inventory.
Demographics

Who lives here

ZIP 23231 (Henrico, VA) is majority owner-occupied, 28.3% of residents hold a bachelor's degree or higher.

Population
38,544
Median income
$76,505
Median age
42.8
Renters
33%
Age distribution
17%
23.6%
25.2%
16.8%
17.4%
Under 1817%
18–3423.6%
35–5425.2%
55–6416.8%
65+17.4%
Gender
45.9%
54.1%
Male45.9%
Female54.1%
Race & ethnicity
31.9%
60.4%
White31.9%
Black60.4%
Hispanic3.8%
Asian0.8%
Other3.1%
Education (25+)
31%
33%
28.3%
No HS diploma7.7%
HS diploma31%
Some college33%
Bachelor's+28.3%
Housing tenure
67%
33%
Owner67%
Renter33%

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

2021 vs 2026

How ZIP 23231 in Henrico, VA has changed in 5 years

Income
$61,983 → $76,505
up 23.4%
Population
36,674 → 38,544
up 5.1%
Renter share
31.4% → 33%
+1.6 pts
Bachelor's+
24.4% → 28.3%
+3.9 pts

Census figures show median household income at $76,505 today, compared with $61,983 five years earlier. The population has grown by 5.1% since 2021, moving from about 36,674 residents to roughly 38,544. Renters now make up 33% of households, compared with 31.4% five years ago. College-educated residents now make up 28.3% of adults here, versus 24.4% in 2021.

Community

Discussions about ZIP 23231

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 23231

About renting in ZIP 23231

Last updated: July 20, 2026

ZIP code 23231 covers Henrico, VA. The median rent here is $1,717/mo as of July 2026. A 1-bedroom rents for a median of $1,400/mo. A 2-bedroom rents for a median of $1,540/mo.

At 27% of local median household income ($76,505/yr), ZIP 23231 ranks as affordable compared to the national benchmark of 30%. Rents have increased 7.8% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 23231?

As of July 20, 2026, the median monthly rent in ZIP 23231 (Henrico, VA) is $1,717. This is based on aggregated data from public sources and community submissions.

How does ZIP 23231 rent compare to the US average?

ZIP 23231's median rent of $1,717/mo is $248 (13%) below the US national median of $1,965/mo.

How does ZIP 23231 compare to other ZIPs in Virginia?

ZIP 23231 is among the more affordable ZIP codes in Virginia, ranking #139 out of 198 ZIPs at $1,717/mo.

How much income do you need to rent in ZIP 23231?

To keep rent at or below 30% of gross income, you would need to earn at least $69,000/year (~$33/hour full-time) to afford the median rent of $1,717/mo in ZIP 23231. The local median household income is $76,505/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 23231?

Rent in ZIP 23231 has increased 7.8% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 23231 an affordable place to rent?

ZIP 23231 is considered affordable for renters. At $1,717/mo, rent takes approximately 27% of the local median household income ($76,505/yr). The standard benchmark is 30%. ZIP 23231 falls comfortably within that range.

What percentage of ZIP 23231 residents rent vs. own?

According to Census data, approximately 33% of ZIP 23231 households are renters, while 67% are owner-occupied. ZIP 23231 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 23231 compare to the rest of Henrico?

ZIP 23231 is more affordable than Henrico overall. At $1,717/mo, it's $65 below the Henrico citywide median of $1,782/mo.

When was rent data for ZIP 23231 last updated?

Rent data for ZIP 23231 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
27%
AFFORDABLE

At $1,717/mo, rent takes ~27% of ZIP 23231's median household income ($76,505/yr). The standard benchmark is 30%.

ZIP 23231 27%Benchmark 30%
State income tax2–5.75%
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Schools nearby

Public schools near ZIP 23231 (Henrico, VA)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.