23235, Richmond, VA

The 23235 zip code of Richmond, VA has a median home value of $236,000. This is higher than the national median home value of $181,500. The 23235 zip code also has a lower than average home equity ratio of 36%. This means that the homes in this zip code are less likely to be able to cover their costs if they were to lose their income.

The 23235 zip code also has a high rate of homeownership at 73%. This is higher than the national homeownership rate of 62%. The reason for this high rate may be due to the low unemployment rate in this area and the availability of affordable housing. Additionally, many people in this area may have saved up enough money to buy a home outright or have access to a mortgage.