How much is a home worth in ZIP code 22304?

The typical home in 22304 is worth $450,155, based on the Zillow Home Value Index.

Are home values rising in 22304?

Home values in 22304 are down 0.2% over the past year, and up 1.9% a year over five years.

What is the typical rent in 22304?

A typical home in 22304 rents for about $2,062 a month, a gross rental yield of 5.5%.

What is the property tax rate in 22304?

The effective property tax rate in 22304 is 0.9% — roughly $4,198 a year on a typical home.

ZIP code 22304 has a population of 48,613 and a median household income of $101,600.

HousingHandbookReference data

…

U.S. ZIP Code · VA22304

Alexandria city · Washington-Arlington-Alexandria, DC-VA-MD-WV

Typical home value

$450,155^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.2%
5-year / yr: +1.9%
10-year / yr: +3.4%

Relative price

vs U.S.: +58.5%
vs metro: -23.3%
vs state: +37.1%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 22304 is worth $450,155 — 23.3% below the Washington-Arlington-Alexandria, DC-VA-MD-WV median. Over the past year, values have fallen 0.2%. Homes here rent for a typical $2,062 a month — a 5.5% gross rental yield. The effective property tax rate is 0.9%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $2,062^[2]
Gross yield: 5.5%^[2]
Cap rate: 3.3%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.9%^[3]
Typical annual tax: $4,198^[3]

#Climate risk

FEMA National Risk Index ratings for Alexandria city. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Low^[4]
Riverine flood: Relatively Moderate
Coastal flood: Relatively Low
Wildfire: Very Low
Drought: No Rating
Heat wave: Relatively Moderate
Hurricane: Relatively Low
Tornado: Relatively Low
Earthquake: Relatively Low
Winter weather: Relatively Moderate

#Who lives here

Population: 48,613^[3]
Median household income: $101,600^[3]

#Migration

Household moves in and out of Alexandria city over a year, from IRS tax-return data.

Net migration: +262^[5]
Moved in: 13,086
Moved out: 12,824

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 5
Elementary: 3
Middle: 1
High: 0

Francis C. Hammond Middle
Middle · Grades 6–8 · Alexandria City Public Schools
1,510 students
Patrick Henry K-8 School
Elementary · Grades PK–8 · Alexandria City Public Schools
1,058 students
James K. Polk Elementary
Elementary · Grades PK–5 · Alexandria City Public Schools
833 students
Samuel W. Tucker Elementary
Elementary · Grades PK–5 · Alexandria City Public Schools
736 students
Northern Virginia Juvenile Detention Home
Not applicable · Department of Education State-Operated Educ Prgms
—

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield5.5%

Net yield (after ~40% expenses)3.3%

Annual rent$24,747

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,276

Loan principal$360,124

Down payment$90,031

Total interest paid$459,318

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.45

Monthly cost to own$3,000

Monthly rent$2,062

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 16th percentile^[1]
Rental yield: 72nd percentile^[2]
Property tax: 67th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 22304?: The typical home in 22304 is worth $450,155, based on the Zillow Home Value Index.
Are home values rising in 22304?: Home values in 22304 are down 0.2% over the past year, and up 1.9% a year over five years.
What is the typical rent in 22304?: A typical home in 22304 rents for about $2,062 a month, a gross rental yield of 5.5%.
What is the property tax rate in 22304?: The effective property tax rate in 22304 is 0.9% — roughly $4,198 a year on a typical home.
Who lives in 22304?: ZIP code 22304 has a population of 48,613 and a median household income of $101,600.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

20744 vs 22304 →
Fort Washington CDP, MD
Typical home
$450,720
Gross yield
4.3%
20712 vs 22304 →
Mount Rainier, MD
Typical home
$450,765
Gross yield
4.3%
20879
Flower Hill CDP, MD
Typical home
$449,446
Gross yield
6.1%
21778
MD
Typical home
$449,156
Gross yield
—
20906
Aspen Hill CDP, MD
Typical home
$447,275
Gross yield
5.1%
22408
Fredericksburg, VA
Typical home
$453,455
Gross yield
5.4%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 22304 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · VA22304

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