ZIP Code · VA

ZIP 23314

Part of Carrollton, VA

Pop. 10,099·Isle of Wight County·98th most expensive ZIP in Virginia

Median rent (all units)

$1,994/mo

Year-over-Year

Stable

Month-over-Month

+1.3%

vs US Median

+$62

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 23314 · $1,994

More expensive than 61% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,850

1 BR

$1,870

2 BR

$2,120

3 BR

$2,940

4 BR+

$3,460

Research median

$2,120/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

What a typical income covers

30% of the median household income ($104,029) is $2,601 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,120); a 3-bedroom is $2,940.

Cheaper nearby

ZIP 23607, 6 miles away, rents for 20% less ($1,597/mo), about $4,800 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 23314. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$23,928/yr

At $1,994/mo median

Location

CityCarrollton

StateVA

CountyIsle of Wight County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+0.0% YoY, +1.3% MoM), not inventory.

Demographics

Who lives here

ZIP 23314 (Carrollton, VA) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 38.4% of residents hold a bachelor's degree or higher.

Population

10,099

Median income

$104,029

Median age

Renters

28.5%

Age distribution

25.1%

18.6%

27.5%

14.3%

14.5%

Under 1825.1%

18–3418.6%

35–5427.5%

55–6414.3%

65+14.5%

Gender

52.5%

47.5%

Male52.5%

Female47.5%

Race & ethnicity

65.2%

18.2%

White65.2%

Black18.2%

Hispanic10.4%

Asian3.1%

Other3.1%

Education (25+)

24.4%

29.4%

38.4%

No HS diploma7.8%

HS diploma24.4%

Some college29.4%

Bachelor's+38.4%

Housing tenure

71.5%

28.5%

Owner71.5%

Renter28.5%

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

2021 vs 2026

How ZIP 23314 in Carrollton, VA has changed in 5 years

Income

$98,471 → $104,029

up 5.6%

Population

9,615 → 10,099

up 5.0%

Renter share

29.3% → 28.5%

-0.8 pts

Bachelor's+

35.7% → 38.4%

+2.7 pts

Median age

38.9 → 38

-0.9 yrs

On the earnings side, the typical household in ZIP 23314 in Carrollton, VA now reports about $104,029, up from $98,471 in 2021. The population has grown by 5.0% since 2021, moving from about 9,615 residents to roughly 10,099. College-educated residents now make up 38.4% of adults here, versus 35.7% in 2021.

Community

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Local insights

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About renting in ZIP 23314

Last updated: October 17, 2026

ZIP code 23314 covers Carrollton, VA. The median rent here is $1,994/mo as of October 2026. A 1-bedroom rents for a median of $1,870/mo. A 2-bedroom rents for a median of $2,120/mo.

At 23% of local median household income ($104,029/yr), ZIP 23314 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 23314?

To keep rent at or below 30% of gross income, you would need to earn at least $80,000/year (about $38/hour full-time) to afford the median rent of $1,994/mo in ZIP 23314. The local median household income is $104,029/yr, so the typical household meets that bar.