ZIP Code 23220 — Richmond city, VA Demographics & Data

ZIP code 23220 covers Richmond, VA in Richmond city with a population of about 34,524.

At a glance, the area shows median age of 28.7 versus a U.S. median of about 38.9.

It sits in telephone area code 804; U.S. House district VA-4; the RICHMOND - PETERSBURG media market.

Richmond, VA sits in a university / college context (near virginia commonwealth university (0.4 mi)). Expect stronger interest in student housing, rentals, walkability, transit, and a younger adult age mix versus typical suburban ZIPs.

Median household income in ZIP 23220 is about $56,681 — about 25% below the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 26.6%; unemployment rate near 7.3%; 58.9% of adults with a bachelor’s degree or higher (about 25.2 points above the national share (33.7%)).

Labor and commute patterns include leading industry context around Education, Professional services, and Retail trade; about 17.6% of workers reporting work-from-home (about 2.4 points above the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $468,900 — about 35% above the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $1,234 (about 6% above the U.S. median rent ($1,163)), and owner-occupancy near 32.8% (about 32.6 points below the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 23220 in Richmond, VA, a household would need roughly $129,000 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 $3,012. That is about 128% above the local median household income ($56,681), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Climate normals for Richmond city, VA show little to no average snow and around 45.5 inches of annual precipitation.

IRS migration statistics show a net inflow of about 1,948 for ZIP 23220 (Richmond city, VA) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.