The story of this market
The typical home in ZIP 23233 sells for about $545,000, or $241 per square foot.
Prices are up +3.4% from a year ago, so sellers still have some momentum. Homes take about 13 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,832 a month.
ZIP 23233 — Henrico (Unincorporated County Area)
The 23233 housing market remains a stable, high-demand suburban area characterized by consistent price appreciation and low inventory. While the broader Richmond market shows some cooling, this ZIP maintains strong buyer interest driven by its reputation for quality schools and proximity to major retail hubs. Current conditions favor sellers, though the pace of price growth has moderated compared to previous years.
This ZIP is ideal for family buyers and professionals seeking suburban stability, high-quality schools, and convenient access to major retail and employment corridors in the Richmond West End.
Median prices moved up 3.4% year over year.
Homes spend a median of 13 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.4% · poverty 3.7% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 23233, Henrico County 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 area is served by Henrico County Public Schools, which generally maintains a strong reputation for academic performance and resource availability within the Richmond metro region.
The area faces standard regional risks for wind and storm events; flood risk is localized to specific drainage basins and is generally managed through county-wide infrastructure.
The area benefits from proximity to major Richmond-area employment hubs and ongoing commercial development along the West End corridors, supported by established infrastructure.
Property taxes are assessed by Henrico County based on fair market value; the county maintains a stable tax rate structure with no additional municipal-level property tax for this unincorporated area.
Residents primarily utilize I-64 and Broad Street (US-250) for commuting to downtown Richmond and the Short Pump employment centers.
The area features proximity to Deep Run Park and various shopping centers including Short Pump Town Center, offering extensive retail, dining, and green space access.
The rental market is characterized by steady demand and moderate vacancy pressure, with rents reflecting the area's suburban desirability and proximity to major retail hubs.
The economy is anchored by retail, healthcare, and professional services, with significant employment concentration in the nearby Short Pump and Innsbrook business districts.
The area is served by a network of major highways including I-64 and I-295, facilitating regional connectivity, though public transit options are limited compared to the urban core.
Ongoing development focuses on mixed-use infill projects and the continued expansion of commercial services along the Broad Street corridor.
Henrico County utilizes a centralized assessment system with annual reviews to ensure property valuations remain aligned with market trends.
Parcels are subject to Henrico County general tax levies; no significant MUD or PID districts are prevalent in this established suburban area.
Property insurance premiums are stable, reflecting the area's low-to-moderate risk profile for natural disasters.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Major open-air regional shopping and dining destination.
Large community park with trails, sports fields, and ponds.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.