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A market with no active rental pool to price against. The sale-side figures below are the whole picture.
What would change this read: the median listing price is −3.2% YoY. inventory, −13.9% YoY, is the number to watch.
The median listing price is down 3.2% YoY while the median home got up 1.1% bigger, so value per square foot is down 6.7%.
U.S. Census ACS characteristics for ZIP 23224 itself, not its parent county.
Renters hold 63.6% of this ZIP's 17,633 occupied households, on a median household income of $50K.
| Measure | ZIP 23224 | Richmond city | Difference |
|---|---|---|---|
| Median Household Income | $50K | $65K | -$14K |
| Below Poverty Level | 26.4% | 18.2% | +8.2% |
| Median Age | 33.90 | 34.70 | -0.80 |
| Total Population | 40,575 | 229,359 | -- |
| Avg Household Size | 2.27 | 2.10 | +0.17 |
| Owner-Occupied | 36.4% | 43.5% | -7.1% |
| Worked From Home | 13.1% | 19.5% | -6.4% |
| Mean Commute | 25.70 | 21.70 | +4.00 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 0.8% to 229,359: residents under 18 are up 0.3% and those 65 and over are up 4.0%.
County median household income is $65K, 18.2% of residents are below the poverty level, 19.5% work from home.