ZIP Code · VA

ZIP 23233

Part of Henrico, VA

Pop. 31,582·Henrico County·102nd most expensive ZIP in Virginia

Median rent (all units)

$1,950/mo

Year-over-Year

+1.8%

Month-over-Month

+0.2%

vs US Median

+$18

Reported rents

Stable (Monthly)

Be the first to discuss 23233 rents ↓

Most AffordableMost Expensive

ZIP 23233 · $1,950

More expensive than 58% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,770

1 BR

$1,850

2 BR

$2,030

3 BR

$2,540

4 BR+

$3,130

Research median

$2,030/mo

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

Rent trends

12-month history

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

January. Asking rents in ZIP 23233 usually run 1.9% below trend in January and 1.5% above it in May, about $66 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 23233 is at its highest level since Zillow's records here began in August 2021.

Past year vs. the rest of Virginia

Rent in ZIP 23233 changed +1.8% over the year to September 2026. Across the 169 Virginia ZIP codes Zillow tracks, the typical change was +3.4%.

Recent direction

Rent rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($125,665) is $3,142 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($3,130).

Rank in Henrico

7th cheapest of 7 ZIP codes in Henrico.

Cheaper nearby

ZIP 23294, 5 miles away, rents for 15% less ($1,653/mo), about $3,600 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 23233. 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

$23,400/yr

At $1,950/mo median

Location

CityHenrico

StateVA

CountyHenrico County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (1.8% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+1.8% YoY, +0.2% MoM), not inventory.

Demographics

Who lives here

ZIP 23233 (Henrico, VA) is majority owner-occupied, has a median income above the national average, 71% of residents hold a bachelor's degree or higher.

Population

31,582

Median income

$125,665

Median age

39.8

Renters

34.9%

Age distribution

24.1%

17.8%

28.3%

13.4%

16.4%

Under 1824.1%

18–3417.8%

35–5428.3%

55–6413.4%

65+16.4%

Gender

47.5%

52.5%

Male47.5%

Female52.5%

Race & ethnicity

71.4%

14%

White71.4%

Black5.5%

Hispanic4%

Asian14%

Other5%

Education (25+)

18.5%

71%

No HS diploma1.8%

HS diploma8.7%

Some college18.5%

Bachelor's+71%

Housing tenure

65.1%

34.9%

Owner65.1%

Renter34.9%

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

2022 vs 2026

How ZIP 23233 in Henrico, VA has changed in 5 years

Rent

$1,730 → $1,950

up 12.7%

Income

$107,492 → $125,665

up 16.9%

Population

30,959 → 31,582

up 2.0%

Renter share

36.6% → 34.9%

-1.7 pts

Bachelor's+

71.5% → 71%

-0.5 pts

Since 2022, the typical rent in ZIP 23233 in Henrico, VA has increased from $1,730 to $1,950, a 12.7% change over five years. Household income in the area moved from $107,492 to $125,665 across the same window, up 16.9% versus 2021. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has grown by 2.0% since 2021, moving from about 30,959 residents to roughly 31,582. Renters now make up 34.9% of households, compared with 36.6% five years ago. Reading these numbers side by side helps frame whether current listings in ZIP 23233 in Henrico, VA look reasonable against where the market sat half a decade ago.

Community

Discussions about ZIP 23233

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 23233

About renting in ZIP 23233

Last updated: October 17, 2026

ZIP code 23233 covers Henrico, VA. The median rent here is $1,950/mo as of October 2026. A 1-bedroom rents for a median of $1,850/mo. A 2-bedroom rents for a median of $2,030/mo.

At 19% of local median household income ($125,665/yr), ZIP 23233 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.8% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 23233?

To keep rent at or below 30% of gross income, you would need to earn at least $78,000/year (about $38/hour full-time) to afford the median rent of $1,950/mo in ZIP 23233. The local median household income is $125,665/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 23233?

Rent in ZIP 23233 has risen 1.8% over the past year as of September 2026. That is the highest level since Zillow's records here began in August 2021.

When is the cheapest time to rent in ZIP 23233?

Asking rents in ZIP 23233 are usually lowest in January, about 1.9% below their yearly trend, and highest in May, about 1.5% above it. At today's median that is a gap of roughly $66 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 23233 compare to other ZIPs in Virginia?

ZIP 23233 is in the middle among Virginia ZIP codes for rent, ranking #102 of 194 at $1,950/mo. Over the year to September 2026, rent in ZIP 23233 changed +1.8%, against a typical +3.4% across the 169 Virginia ZIP codes Zillow tracks.