CALCMONEY // MORTGAGE // VA // RICHMOND // 23229
ZIP CODE ANALYSISHyper-local mortgage data for ZIP 23229 in Richmond, VA.
$750,000
$600,000
$4,733
$202,836/yr
| Down Payment | Home Price | Loan Amount | Monthly P&I | Total Monthly | Rate |
|---|---|---|---|---|---|
| 10% Down | $750,000 | $675,000 | $4,446 | $5,227 | 6.9% |
| 20% Down | $750,000 | $600,000 | $3,952 | $4,733 | 6.9% |
| 25% Down | $750,000 | $562,500 | $3,705 | $4,486 | 6.9% |
Total monthly includes principal & interest, property tax (0.85% annual), and estimated homeowners insurance. PMI not included.
Henrico West End (ZIP 23229) sits within Richmond, Virginia with a median home price of $750,000 — significantly above the Richmond city-wide median of $350,000. At 80% LTV, the typical loan of $600,000 remains within conforming loan limits, keeping conventional financing accessible.
Property taxes in ZIP 23229 run 0.85% annually, adding $531 per month on the median home. Median household income in this neighborhood is approximately $132,000, placing the price-to-income ratio at 5.7x. Virginia levies a state income tax, which reduces take-home pay and should be factored into your maximum monthly payment calculation.