23227, Richmond, VA Housing Market

ZIP code 23227's median home value is $402K, up 5.4% over the past year. Homes here sell in a median 29 days. Its PropertyIQ Score of 58 sits right around the state average of 50.

PropertyIQ provides ZIP-code-level market intelligence for 23227, Richmond, VA — going deeper than metro or county averages to reveal neighborhood-specific demand dynamics. By tracking Zillow home-value momentum alongside Realtor.com market-flow signals — median days on market and the share of listings with price cuts — specifically within ZIP code 23227, PropertyIQ predicts which micro-markets within VA are positioned to outperform.

South Atlantic ZIP codes benefit from sustained migration inflows, but hyperlocal performance varies widely between neighborhoods. PropertyIQ's ZIP-level scoring helps distinguish between ZIP codes riding a temporary wave and those with durable, block-by-block demand fundamentals. Within the South Atlantic, ZIP code 23227's PropertyIQ Score of 58 tracks near the South Atlantic norm.

For 23227, Richmond, VA, PropertyIQ updates a hyperlocal score each month from four signals: twelve-month and three-month Zillow home-value momentum, Realtor.com median days on market, and the Realtor.com share of price-reduced listings. The score is computed across all ZIP codes nationally and calibrated so 50 equals the state average, so a value above 50 means this ZIP's demand dynamics read stronger than its state. ZIP-level analysis captures neighborhood variation that county and metro scores smooth over.

View 23227, Richmond, VA's PropertyIQ Score and compare it against other ZIP codes in the state. Generate a free AI market report for this ZIP code or explore historical trends on the interactive map to understand how this micro-market has evolved.