The story of this market
The typical home in ZIP 23224 sells for about $299,900, or $216 per square foot.
Prices are up +12% from a year ago, so sellers still have some momentum. Homes take about 29 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,314 a month.
ZIP 23224 — Richmond
The 23224 housing market is currently defined by high affordability relative to the broader Richmond area, with a median sale price of $299,900. While year-over-year price growth has been significant, the market faces challenges including elevated vacancy rates and poverty levels that necessitate careful investor diligence. Rental demand remains strong, favoring landlords as rents continue to trend upward.
This ZIP is primarily suited for investors and budget-conscious buyers seeking entry-level housing, though it requires careful due diligence due to elevated vacancy and poverty rates.
Median prices moved up 12.0% year over year.
Homes spend a median of 29 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.4% · poverty 26.4% — a mixed stability profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 23224, Richmond City VA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The rental market is characterized by a landlord-favorable environment with rents climbing 5.0% year-over-year and tight inventory.
Data sourced from RentDataNow and Repit reports.
- Topgolf Richmond4.35.1 mi
- Dave & Buster's Glen Allen - Richmond412.6 mi
- K1 Speed Richmond4.57.5 mi
- Urban Air Trampoline and Adventure Park4.211.3 mi
- Surge Adventure Park4.18.8 mi
- Greater Richmond Convention Center4.53.2 mi
- Lewis Ginter Botanical Garden4.78.1 mi
- Maymont4.82.1 mi
- Richmond Raceway4.56.2 mi
- Topgolf Richmond4.35.1 mi
- Virginia Museum of Fine Arts4.83.6 mi
- Lewis Ginter Botanical Garden4.78.1 mi
- Science Museum of Virginia4.73.9 mi
- Movieland At Boulevard Square4.34.3 mi
- Cinema Cafe Chester4.410.2 mi
- Virginia Museum of Fine Arts4.83.6 mi
- Lewis Ginter Botanical Garden4.78.1 mi
- Science Museum of Virginia4.73.9 mi
- Children's Museum of Richmond4.64 mi
- Virginia State Capitol4.62.9 mi
- Lewis Ginter Botanical Garden4.78.1 mi
- Maymont4.82.1 mi
- Pocahontas State Park4.710.8 mi
- Taylor Farm Park4.89.5 mi
- Deep Run Park & Recreation Center4.710.8 mi
- The Lilly Pad4.58.4 mi
- Jordan Point Marina4.618.8 mi
- Hopewell City Marina4.416.2 mi
- Whippernock Marina & Campground4.520 mi
- Appomattox Boat Harbor4.517.7 mi
- Topgolf Richmond4.35.1 mi
- Independence Golf Club4.612.4 mi
- Belmont Golf Course4.27.9 mi
- The Reserve Restaurant at Highlands4.512.4 mi
- Meadowbrook Country Club4.53.9 mi
- Chesterfield Towne Center4.27.9 mi
- Publix Super Market at Carytown Exchange4.53.9 mi
- Willow Lawn4.45.7 mi
- Richmond International Airport4.37.6 mi
- Club Level Grill4.27.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.