ZIP Code · VA

ZIP 23235

Part of Richmond, VA

Pop. 33,461·Chesterfield County·122nd most expensive ZIP in Virginia

Median rent (all units)

$1,845/mo

Year-over-Year

+1.1%

Month-over-Month

-0.5%

vs US Median

-$87

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 23235 · $1,845

More expensive than 52% of US ZIP codes · National median $1,932/mo

Rent check

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,660

1 BR

$1,740

2 BR

$1,910

3 BR

$2,390

4 BR+

$2,950

Research median

$1,910/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

Compared with the peak

Rent in ZIP 23235 is 0.5% below its high of $1,855 in August 2026, at $1,845 as of September 2026.

Past year vs. the rest of Virginia

Rent in ZIP 23235 changed +1.2% 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 5 of the last 12 months.

What a typical income covers

30% of the median household income ($96,083) is $2,402 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,390); a 4-bedroom is $2,950.

Rank in Richmond

8th cheapest of 10 ZIP codes in Richmond.

Cheaper nearby

ZIP 23225, 3 miles away, rents for 18% less ($1,518/mo), about $3,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 23235. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$22,140/yr

At $1,845/mo median

Location

CityRichmond

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 (+1.1% YoY, -0.5% MoM), not inventory.

Demographics

Who lives here

ZIP 23235 (Richmond, VA) is majority owner-occupied, has a large retiree population, has a median income above the national average, 52% of residents hold a bachelor's degree or higher.

Population

33,461

Median income

$96,083

Median age

44.4

Renters

28.2%

Age distribution

19%

17.6%

28.3%

13.5%

21.6%

Under 1819%

18–3417.6%

35–5428.3%

55–6413.5%

65+21.6%

Gender

48.4%

51.6%

Male48.4%

Female51.6%

Race & ethnicity

69.1%

18.2%

White69.1%

Black18.2%

Hispanic8.3%

Asian3%

Other1.3%

Education (25+)

14.3%

26.2%

52%

No HS diploma7.5%

HS diploma14.3%

Some college26.2%

Bachelor's+52%

Housing tenure

71.8%

28.2%

Owner71.8%

Renter28.2%

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

2021 vs 2026

How ZIP 23235 in Richmond, VA has changed in 5 years

Income

$82,535 → $96,083

up 16.4%

Population

33,571 → 33,461

down 0.3%

Renter share

29.6% → 28.2%

-1.4 pts

Bachelor's+

48.7% → 52%

+3.3 pts

Census figures show median household income at $96,083 today, compared with $82,535 five years earlier. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 48.7% to 52%.

Community

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Local insights

Tips for renters in ZIP 23235

About renting in ZIP 23235

Last updated: October 17, 2026

ZIP code 23235 covers Richmond, VA. The median rent here is $1,845/mo as of October 2026. A 1-bedroom rents for a median of $1,740/mo. A 2-bedroom rents for a median of $1,910/mo.

At 23% of local median household income ($96,083/yr), ZIP 23235 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 23235?

To keep rent at or below 30% of gross income, you would need to earn at least $74,000/year (about $36/hour full-time) to afford the median rent of $1,845/mo in ZIP 23235. The local median household income is $96,083/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 23235?

Rent in ZIP 23235 has risen 1.1% over the past year as of September 2026. It sits 0.5% below its high of $1,855 in August 2026.

How does ZIP 23235 compare to other ZIPs in Virginia?

ZIP 23235 is in the middle among Virginia ZIP codes for rent, ranking #122 of 194 at $1,845/mo. Over the year to September 2026, rent in ZIP 23235 changed +1.2%, against a typical +3.4% across the 169 Virginia ZIP codes Zillow tracks.