23040 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Cumberland County
Centroid: Latitude 37.51, Longitude -78.243
Time Zone: Eastern Time Zone (UTC -5 hours)
Observes DST: Yes

ZIP Code 23040 has segments in 2 Counties / Independent Cities (Buckingham, Cumberland).

Businesses Addresses: 129
PO Box Addresses: 192
Residential Addresses: 1,956

Multi-Family Addresses: 0
Single Family Addresses: 1,956

The ZIP Code maps and database are updated 4 times per year.
Database updated: October 1, 2021, Maps updated: May 5, 2021.

Cumberland, VA 23040 Data & Demographics (As of July 1, 2021)

POPULATION
Total Population	5,286 (100%)
Population in Households	5,270 (99.7%)
Population in Families	4,387 (83.0%)
Population in Group Quarters¹	16 ( 0.3%)
Population Density	36
Diversity Index²	54


INCOME
Median Household Income	$49,346
Average Household Income	$59,623
% of Income for Mortgage⁴	14%
Per Capita Income	$22,980
Wealth Index⁵	52

HOUSING
Total HU (Housing Units)	2,402 (100%)
Owner Occupied HU	1,546 (64.4%)
Renter Occupied HU	491 (20.4%)
Vacant Housing Units	365 (15.2%)
Median Home Value	$162,810
Average Home Value	$201,569
Housing Affordability Index³	191

HOUSEHOLDS
Total Households	2,037
Average Household Size	2.59
Family Households	1,425
Average Family Size	3

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Cumberland, VA 23040 - Peer Comparisons by Rank and Percentile

The table below compares 23040 to the other 867 ZIP Codes in Virginia by rank and percentile using July 1, 2021 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2010-2021	2021-2026
Population	0.7%	0.0%
Households	0.78%	0.04%
Families	0.63%	-0.06%
Median Household Income		1.01%
Per Capita Income		1.86%
Owner Occupied HU		0.21%

Variable Description	Rank	Percentile
Total Population	# 354	59th
Population Density	# 646	25th
Median Household Income	# 618	29th
Housing Affordability Index	# 628	72nd
Per Capita Income	# 726	16th
Diversity Index	# 258	70th

23040 ZIP Code Profile, Map, Data & Demographics

ZIP Code 23040: Basic Data & USPS Preferred City Name

Cumberland, VA 23040 Data & Demographics (As of July 1, 2021)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Cumberland, VA 23040 - Peer Comparisons by Rank and Percentile

Popular Places Near ZIP Code 23040

Use HTL Address Research for a Virginia Address and get...

Quick & Easy Ways to...

Virginia Census Data Comparison Tool

More Tools and Resources:

Cumberland County

Cumberland Jobs