RentDataNowRentDataNow
ZIP Code · VA

ZIP 23234

Part of Richmond, VA
Pop. 47,465·Chesterfield County·169th most expensive ZIP in Virginia
Median rent (all units)
$1,575/mo
Year-over-Year
+0.7%
Month-over-Month
-0.8%
vs US Median
-$390
Falling (Monthly)
Be the first to discuss 23234 rents ↓
Most AffordableMost Expensive
ZIP 23234 · $1,575
More affordable than 68% 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
$18,900/yr
At $1,575/mo median
Location
StateVA
CountyChesterfield County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+0.7% YoY, -0.8% MoM), not inventory.
Demographics

Who lives here

ZIP 23234 (Richmond, VA) is majority owner-occupied, 20.2% of residents hold a bachelor's degree or higher.

Population
47,465
Median income
$66,619
Median age
35
Renters
40.8%
Age distribution
23.9%
26.1%
24.8%
13.9%
Under 1823.9%
18–3426.1%
35–5424.8%
55–6411.4%
65+13.9%
Gender
49.6%
50.4%
Male49.6%
Female50.4%
Race & ethnicity
18.3%
46.4%
30.6%
White18.3%
Black46.4%
Hispanic30.6%
Asian2.3%
Other2.4%
Education (25+)
18.8%
31.8%
29.2%
20.2%
No HS diploma18.8%
HS diploma31.8%
Some college29.2%
Bachelor's+20.2%
Housing tenure
59.2%
40.8%
Owner59.2%
Renter40.8%

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

2021 vs 2026

How ZIP 23234 in Richmond, VA has changed in 5 years

Rent
$1,111 → $1,575
up 41.8%
Income
$54,856 → $66,619
up 21.4%
Population
45,435 → 47,465
up 4.5%
Renter share
45.3% → 40.8%
-4.5 pts
Bachelor's+
17.9% → 20.2%
+2.3 pts
Median age
35.6 → 35
-0.6 yrs

The median rent in ZIP 23234 in Richmond, VA stood at $1,111 in 2021 and currently runs about $1,575, reflecting a 41.8% increase over the period. Local incomes tracked alongside that move, going from a median of $54,856 in 2021 to $66,619 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 4.5% since 2021, moving from about 45,435 residents to roughly 47,465. Renters now make up 40.8% of households, compared with 45.3% five years ago. College-educated residents now make up 20.2% of adults here, versus 17.9% in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 23234 in Richmond, VA market of 2021.

Community

Discussions about ZIP 23234

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 23234

About renting in ZIP 23234

Last updated: July 20, 2026

ZIP code 23234 covers Richmond, VA. The median rent here is $1,575/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 28% of local median household income ($66,619/yr), ZIP 23234 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 23234?

As of July 20, 2026, the median monthly rent in ZIP 23234 (Richmond, VA) is $1,575. This is based on aggregated data from public sources and community submissions.

How does ZIP 23234 rent compare to the US average?

ZIP 23234's median rent of $1,575/mo is $390 (20%) below the US national median of $1,965/mo.

How does ZIP 23234 compare to other ZIPs in Virginia?

ZIP 23234 is among the more affordable ZIP codes in Virginia, ranking #169 out of 198 ZIPs at $1,575/mo.

How much income do you need to rent in ZIP 23234?

To keep rent at or below 30% of gross income, you would need to earn at least $63,000/year (~$30/hour full-time) to afford the median rent of $1,575/mo in ZIP 23234. The local median household income is $66,619/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 23234?

Rent in ZIP 23234 has increased 0.7% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 23234 an affordable place to rent?

ZIP 23234 is considered affordable for renters. At $1,575/mo, rent takes approximately 28% of the local median household income ($66,619/yr). The standard benchmark is 30%. ZIP 23234 falls comfortably within that range.

What percentage of ZIP 23234 residents rent vs. own?

According to Census data, approximately 40.8% of ZIP 23234 households are renters, while 59.2% are owner-occupied. ZIP 23234 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 23234 compare to the rest of Richmond?

ZIP 23234 is more affordable than Richmond overall. At $1,575/mo, it's $107 below the Richmond citywide median of $1,682/mo.

When was rent data for ZIP 23234 last updated?

Rent data for ZIP 23234 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
28%
AFFORDABLE

At $1,575/mo, rent takes ~28% of ZIP 23234's median household income ($66,619/yr). The standard benchmark is 30%.

ZIP 23234 28%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 23234 (Richmond, VA)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.