HousingHandbookReference data

U.S. ZIP Code · VA23140

New Kent County · Richmond, VA

Typical home value

$448,272[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+3.5%
5-year / yr
+5.5%
10-year / yr
+5.3%

Relative price

vs U.S.
+57.8%
vs metro
+20.5%
vs state
+36.5%
ZIP 23140 location in VA
Location of ZIP 23140 in VA

Price history

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

The typical home in 23140 is worth $448,272 — 20.5% above the Richmond, VA median. Over the past year, values have risen 3.5%. The effective property tax rate is 0.6%.

#Rent & investment

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

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
0.6%[3]
Typical annual tax
$2,760[3]

#Climate risk

FEMA National Risk Index ratings for New Kent County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Very Low[4]
Riverine flood
Very Low
Coastal flood
Relatively Low
Wildfire
Very Low
Drought
Relatively Moderate
Heat wave
Very Low
Hurricane
Relatively Low
Tornado
Very Low
Earthquake
Very Low
Winter weather
Very Low

#Who lives here

Population
7,755[3]
Median household income
$97,500[3]

#Migration

Household moves in and out of New Kent County over a year, from IRS tax-return data.

Net migration
+466[5]
Moved in
1,314
Moved out
848

Run the numbers

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

Gross yield
Net yield (after ~40% expenses)
Annual rent

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.

Monthly payment$2,267
Loan principal$358,617
Down payment$89,654
Total interest paid$457,396

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.

Own : rent ratio
Monthly cost to own$2,872
Monthly rent

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
28th percentile[1]
Rental yield
[2]
Property tax
39th percentile[3]

Frequently asked

How much is a home worth in ZIP code 23140?
The typical home in 23140 is worth $448,272, based on the Zillow Home Value Index.
Are home values rising in 23140?
Home values in 23140 are up 3.5% over the past year, and up 5.5% a year over five years.
What is the property tax rate in 23140?
The effective property tax rate in 23140 is 0.6% — roughly $2,760 a year on a typical home.
Who lives in 23140?
ZIP code 23140 has a population of 7,755 and a median household income of $97,500.

#Comparable ZIPs

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

  • Richmond, VA

    Typical home
    $447,708
    Gross yield
    5.1%
  • Ashland, VA

    Typical home
    $450,203
    Gross yield
    4.9%
  • VA

    Typical home
    $450,612
    Gross yield
  • Glen Allen CDP, VA

    Typical home
    $454,611
    Gross yield
    4.9%
  • New Kent CDP, VA

    Typical home
    $441,523
    Gross yield
  • Enon CDP, VA

    Typical home
    $441,372
    Gross yield
    5.0%

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