Richmond, VA — income, home value, property tax, and sales tax.
ZIP code 23227, on Richmond's northern edge, sits squarely in middle-income territory. Households here earn a median of $69,187, while per-capita income reaches $48,459, a level that supports steady purchasing power without placing the area among the region's wealthiest enclaves. Homes carry a median value of $364,900, and the county-level property tax rate of 0.71% translates into a notably restrained annual bill on such a valuation. Add a 6.00% combined sales tax, and the overall picture is one of a working-to-middle-income community where housing wealth has grown but the tax structure has not kept pace aggressively.
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