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Housing market/Virginia/ZIP 23227

ACS 2023 · FY2027 SAFMR

ZIP 23227 Richmond, Virginia

Richmond, VA HUD Metro FMR Area · Virginia. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
25,574
Households
11,618
Median HH income
$70,537
Renter share
45.1%
Median gross rent
$1,306
Vacancy
13.0%
Pop. change
+0.3%
2BR SAFMR
$1,540
SAFMR / rent
1.179×
2–49 unit stock
4,013
LIHTC proj / units
8 / 1,468
HUD assisted MF
2 / 157

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 23227 · VA — sent to you.

ZIP 23227 · VA

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ACS rent vs 2BR SAFMR

ZIP 23227 — Richmond, VA HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,306
2BR SAFMR$1,540
90% floor$1,386
110% ceiling$1,694

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 23227

  • 1-unit detached6,74350.5%
  • 1-unit attached5284.0%
  • 2–4 units1,34110.0%
  • 5–49 units2,67220.0%
  • 50+ units2,06715.5%
TypeUnitsShare
1-unit detached6,74350.5%
1-unit attached5284.0%
2 units (duplex)1761.3%
3–4 units1,1658.7%
5–9 units6434.8%
10–19 units1,2539.4%
20–49 units7765.8%
50+ units2,06715.5%
Mobile00.0%

2–4 unit share 10.0% · 5–49 unit share 20.0% · combined 2–49 30.1%.

Units by bedrooms

Studio
843
1BR
2,493
2BR
3,444
3BR
4,223
4BR
2,006
5+
342

Rent burden

Rent ≥30% of income60.1%
Rent ≥50% of income35.2%
  • ACS median gross rent $1,306 (all bedrooms, occupied rentals).
  • Median contract rent $1,131.
  • Renters paying ≥30% of income 60.1%; ≥50% 35.2%.
  • FY2027 2BR SAFMR $1,540 (1.179× ACS median gross rent).

Population

25,574 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +0.3%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 8 projects, 1,468 units.
  • HUD project-based assisted MF: 2 properties, 157 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 1,711 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 23227 45.1% of occupied households are renters; vacancy is 13.0%; ACS median gross rent is $1,306; population increased +0.3% between the 2018 and 2023 ACS vintages; the housing stock includes 1,341 units in 2–4-unit structures and 2,672 units in 5–49-unit structures; 8 LIHTC projects totaling 1,468 units; FY2027 2BR SAFMR is $1,540 versus ACS median gross rent of $1,306. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Virginia research

ZIP 23227 is a Census / HUD profile for Richmond, VA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 23227 — Richmond, VA HUD Section 8 Payment Standards / SAFMR·Virginia ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
23005Richmond, VA HUD Metro FMR Area27.0%$1,236$1,49023009Richmond, VA HUD Metro FMR Area9.1%$1,167$1,51023011Richmond, VA HUD Metro FMR Area2.6%—$1,59023030Richmond, VA HUD Metro FMR Area14.3%$996$1,49023039Richmond, VA HUD Metro FMR Area0.0%—$1,49023058Richmond, VA HUD Metro FMR Area——$1,73023059Richmond, VA HUD Metro FMR Area21.4%$1,840$2,17023060Richmond, VA HUD Metro FMR Area20.9%$1,696$1,96023063Richmond, VA HUD Metro FMR Area18.6%$1,315$1,49023067Richmond, VA HUD Metro FMR Area——$1,83023075Richmond, VA HUD Metro FMR Area37.7%$1,252$1,49023086Richmond, VA HUD Metro FMR Area10.9%$983$1,500

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Virginia research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 23227?

ZIP 23227 (Richmond, VA HUD Metro FMR Area) has 25,574 residents, 11,618 households, a renter share of 45.1%, median household income of $70,537, and ACS 2023 median gross rent of $1,306. Vacancy is 13.0%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 23227?

ACS counts 176 units in 2-unit buildings, 1,165 in 3–4 unit buildings, 643 in 5–9, 1,253 in 10–19, and 776 in 20–49. Combined 2–49 unit stock is 4,013 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 23227?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,540. See the full schedule and 90–110% payment-standard band on the ZIP 23227 — Richmond, VA HUD Section 8 Payment Standards / SAFMR.

Does this Virginia ZIP profile include Georgia listings?

No. ZIP 23227 is Census / HUD research for Richmond, VA HUD Metro FMR Area. Jeff Crowe CRE does not list Virginia property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.