HousingHandbookReference data

U.S. ZIP Code · VA23894

Dinwiddie County · Richmond, VA

Typical home value

$304,365[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+6.4%
5-year / yr
10-year / yr

Relative price

vs U.S.
+7.1%
vs metro
-18.2%
vs state
-7.3%
ZIP 23894 location in VA
Location of ZIP 23894 in VA

Price history

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

The typical home in 23894 is worth $304,365 — 18.2% below the Richmond, VA median. Over the past year, values have risen 6.4%. The effective property tax rate is 0.5%.

#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
0.5%[3]
Typical annual tax
$1,536[3]

#Climate risk

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

Overall risk
Very Low[4]
Riverine flood
Very Low
Coastal flood
Not Applicable
Wildfire
Very Low
Drought
Relatively High
Heat wave
Relatively Low
Hurricane
Relatively Low
Tornado
Relatively Low
Earthquake
Very Low
Winter weather
Relatively Low

#Who lives here

Population
326[3]
Median household income
$41,071[3]

#Migration

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

Net migration
+161[5]
Moved in
856
Moved out
695

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$1,539
Loan principal$243,492
Down payment$60,873
Total interest paid$310,561

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$1,919
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
[1]
Rental yield
[2]
Property tax
15th percentile[3]

Frequently asked

How much is a home worth in ZIP code 23894?
The typical home in 23894 is worth $304,365, based on the Zillow Home Value Index.
Are home values rising in 23894?
Home values in 23894 are up 6.4% over the past year.
What is the property tax rate in 23894?
The effective property tax rate in 23894 is 0.5% — roughly $1,536 a year on a typical home.
Who lives in 23894?
ZIP code 23894 has a population of 326 and a median household income of $41,071.

#Comparable ZIPs

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

  • VA

    Typical home
    $303,553
    Gross yield
  • VA

    Typical home
    $306,229
    Gross yield
  • Dinwiddie CDP, VA

    Typical home
    $306,296
    Gross yield
  • Colonial Heights, VA

    Typical home
    $300,121
    Gross yield
    6.0%
  • East Highland Park CDP, VA

    Typical home
    $299,257
    Gross yield
    6.3%
  • VA

    Typical home
    $299,132
    Gross yield

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