23222, Richmond, VA

The Richmond, VA zip code 23222 has a population of around 234,000 people and a median household income of $75,000. The home equity in this zip code is around $269,000 which is significantly higher than the national median home equity of $161,500. This high level of home equity may be due to the fact that the zip code has a high percentage of homeowners (83%) and a low percentage of renters (13%). Additionally, the average age of homes in this zip code is around 7 years old which is older than the national average age of 5 years old.

One reason why home prices in this zip code are so high is likely because there are relatively few homes for sale compared to other areas in Richmond. In fact, as of March 2018 there were only 3 active listings in this zip code which was lower than the number of active listings in all but one other zip code in Richmond. Additionally, recent surveys have shown that residents are very satisfied with their current home values and they don’t seem to be interested in selling their homes anytime soon.