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, VA

ZIP 23120 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Wealthy AreaLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 23120

Median Home Value
$516,800
Median Rent
$2,039
Affordability Snapshot
$142,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,320/mo PITI).

15%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.1x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

21.1 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 23120 in VA, a household would need roughly $142,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,320. That sits below the local median household income ($166,676), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
96.8%+48% vs US avg
x
Vacancy Rate
0.9%-91% vs US avg
x
Broadband Access
92.9%+7% vs US avg
x
4+ Bedrooms
27.0%+83% vs US avg
x
Built Pre-1939
0.0%
x
Built Post-2014
8.0%+16% vs US avg
x
Rent Burden >30%
8.7%-82% vs US avg
x
Mortgage-Free
17.5%-54% vs US avg
x
$516,800
Home Value
$2,039
Rent
2012
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached93.0%
  • 1-unit attached6.0%
  • 2-9 units0.0%
  • 10+ units0.8%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$516,800
Median rent$2,039
Owner-occupied96.8%
Vacant0.9%
Price-to-income3.1x
Est. income to buy$142,000