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These days, finding an affordable place to live in the 23040 area can be challenging. Home prices in 23040 are now at a median cost of $229,603, lower than the Virginia average of $443,089.
The average cost of rent is $1,078/mo in 23040, primarily driven by the current value of real estate in the 23040 area. In 23040, 25.02% of households rent, and 48.10% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 23040 is $4,934 per month. Households that rent pay about 21.85% of their income on rent here. 23040’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 23027, VA: higher priced homes
- 23123, VA: less expensive homes
- 23936, VA: equally priced homes
- 23004, VA: less expensive homes
- 23139, VA: higher priced homes
- 23921, VA: equally priced homes
- 23160, VA: higher priced homes
- 24562, VA: higher priced homes
- 23039, VA: higher priced homes
- 24599, VA: higher priced homes
Zip Codes with Similar Populations
- 11697, NY: higher priced homes
- 48730, MI: less expensive homes
- 47639, IN: higher priced homes
- 81323, CO: higher priced homes
- 70719, LA: equally priced homes
- 59230, MT: equally priced homes
- 47143, IN: higher priced homes
- 18977, PA: higher priced homes
- 05060, VT: higher priced homes
- 45308, OH: less expensive homes
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