23962 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: Charlotte County
Centroid: Latitude 36.97, Longitude -78.71
Time Zone: Eastern Time Zone (UTC -5 hours)
Observes DST: Yes

ZIP Code 23962 has segments in 2 Counties / Independent Cities (Charlotte, Halifax).

Businesses Addresses: 6
PO Box Addresses: 14
Residential Addresses: 332

Multi-Family Addresses: 0
Single Family Addresses: 332

The ZIP Code maps and database are updated 4 times per year.
Database updated: January 1, 2021, Maps updated: November 4, 2020.

Randolph, VA 23962 Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	757 (100%)
Population in Households	737 (97.4%)
Population in Families	607 (80.2%)
Population in Group Quarters¹	20 ( 2.6%)
Population Density	13
Diversity Index²	51


INCOME
Median Household Income	$38,042
Average Household Income	$51,962
% of Income for Mortgage⁴	13%
Per Capita Income	$21,654
Wealth Index⁵	47

HOUSING
Total HU (Housing Units)	405 (100%)
Owner Occupied HU	238 (58.8%)
Renter Occupied HU	77 (19.0%)
Vacant Housing Units	90 (22.2%)
Median Home Value	$113,725
Average Home Value	$141,282
Housing Affordability Index³	222

HOUSEHOLDS
Total Households	315
Average Household Size	2.34
Family Households	209
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.

Randolph, VA 23962 - Peer Comparisons by Rank and Percentile

The table below compares 23962 to the other 865 ZIP Codes in Virginia by rank and percentile using July 1, 2020 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	2010-2020	2020-2025
Population	-0.06%	-0.37%
Households	0.09%	-0.32%
Families	-0.09%	-0.39%
Median Household Income		0.94%
Per Capita Income		1.56%
Owner Occupied HU		-0.42%

Variable Description	Rank	Percentile
Total Population	# 694	20th
Population Density	# 822	5th
Median Household Income	# 763	12th
Housing Affordability Index	# 709	82nd
Per Capita Income	# 742	14th
Diversity Index	# 292	66th

Randolph, VA 23962 ZIP Code Profile

ZIP Code 23962: Basic Data & USPS Preferred City Name

Randolph, VA 23962 Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Randolph, VA 23962 - Peer Comparisons by Rank and Percentile

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