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New Kent CDP, VA

ZIP 23124 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 23124

Median Home Value
$378,200
Median Rent
$1,868
Affordability Snapshot
$104,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,429/mo PITI).

17%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

16.9 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 23124 in New Kent CDP, VA, a household would need roughly $104,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,429. That sits below the local median household income ($130,203), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
97.4%+49% vs US avg
x
Vacancy Rate
3.4%-67% vs US avg
x
Broadband Access
92.6%+6% vs US avg
x
4+ Bedrooms
11.6%-21% vs US avg
x
Built Pre-1939
2.3%-82% vs US avg
x
Built Post-2014
5.5%-20% vs US avg
x
Rent Burden >30%
39.6%-20% vs US avg
x
Mortgage-Free
24.6%-36% vs US avg
x
$378,200
Home Value
$1,868
Rent
2005
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached98.3%
  • 1-unit attached0.7%
  • 2-9 units0.0%
  • 10+ units1.0%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$378,200
Median rent$1,868
Owner-occupied97.4%
Vacant3.4%
Price-to-income2.9x
Est. income to buy$104,000