Interested in purchasing investment houses in the 23220 zip code in Richmond, VA?
The zip code 23220 is in City of Richmond county with a latitude of -77.460430000000 and longitude of 37.548970000000, is in the state of Virginia. The average asking price of houses and condos is $313,360.00 and the average sale price was $287,236.00. this regions is classified as the Richmond metro area and is in the 804 area code. The location in degrees is 37° 32' 56.292" N, 77° 27' 37.548" W. The county F.I.P.S. is 51760. The total land area is 4.8 square miles and the water area is 0.3 square miles. The elevation in this area is 121 - 174 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 23220 is in county number 760 and is L. Sector 00, L. Segment 01, H. Sector 55, and H. Segment 55. The population was 35,315 in 2019 and 35,545 in 2010. This further breaks down to 16,569 males (46.9%) and 18,745 females (53.1%). The median age of residents is 26.7 years. The population of the greater Richmond, VA area is 1,254,181. The population density (people per square mile) is 7,350. This zip code has a combined total of 15,190 houses and condos. There are 8,772 rented appartments. 66% of residents rent versus the 66% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $55,086 and the average salary is $43,741. The median household income of individuals is $33,145.00 and the average is $70,570.00. This zip code has a mean commute time to work of 20.2 minutes. The unemployment rate is 8.0%. Income earners by percent breakdown as 65.30% (Under $50,000), 21.90% ($50,000-$100,000), and 12.80% earn over $100,000. 30.3% of residents live below poverty line versus the 9.9% in the state that are below this line. The cost of living index is 97.0. The educational breakdown is 94.6% have a high school education or higher, 61.3% have a bachelor's degree or higher, and 23.7% have some kind of profesional degree.
This area has 15,146 households and the average size is 2.3 people. Individuals who are single and have never been married are 72.0%, 17.7% are now married, 1.3% are separated, 3.0% are widowed, and 6.0% are divorced. The average yearly contribution amount given by people to charity was $6,066 versus the state average of $4,443. The percent of residents who gave to charity was 19.5%.
The estimated median value of houses and condos is $329,402. The median monthly owner costs of mortgage holders was $1,815, where as the costs for those who don't have a mortgage are $726. The median number of rooms in houses and condos are 6.3 versus apartments which had a median number of 3.8.
The real estate tax percent rate is 0.9% which equated to an average real estate tax amount payment of $3,064. In comparision, the average real estate tax percent rate in the state is 0.8% which equated to an average real estate tax amount payment in the state of $2,322. The median housing property tax percent for residents with mortgages was 0.9% which amounted to an average tax amount of $3,069. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.9% which amounted to an average tax amount of $3,064. Reported taxable interest for persons was $2,311, dividends $10,393, capital gains +$28,252, and itemized deductions $27,963. The average earned income tax credit is $1,786. The percent of individuals that use a tax preparer is 34.1%. The total average income taxes paid by individuals was $11,677. Businesses reported an average profit of $13,602.
TJ's Restaurant & Lounge
101 W Franklin St, Richmond, VA 23220
Home Team Grill
1630 W Main St, Richmond, VA 23220
Helen's
2527 W Main St, Richmond, VA 23220
3 Monkey's Bar & Grill
2525 W Main St, Richmond, VA 23220
Bamboo Cafe
1 S Mulberry St, Richmond, VA 23220
Little Mexico
1328 W Cary St, Richmond, VA 23220
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