Richmond, VA · Virginia
New Kent County
24,139 residents300 permits TTM$120,125 median HHI5 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$371,500
ACS 5-Year
Cap rate proxy
5.3%
FMR × 0.65 ÷ Home Value
Rent-to-income
16.5%
HUD FMR ÷ ACS HHI
Net migration
+2.90%
IRS SOI
Permits (TTM)
300
Census BPS
Climate risk
14.1
FEMA NRI (0–100)
ZIP code breakdown5 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 23141 | — | — | — | 4.8% | — |
| 23089 | $425,194 | $1,630 | 4.6% | 4.7% | -1.4% |
| 23124 | — | — | — | 4.6% | — |
| 23011 | — | — | — | 4.5% | — |
| 23140 | — | — | — | 4.5% | — |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
Demographics
Owner-occupied
92.1%
Census ACS
Vacancy rate
4.9%
Census ACS
Bachelor's degree +
35.5%
Census ACS
Rent burdened
47.8%
Census ACS (>30% income)
Median age
43.4
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026