CENSUS TRACT
Census Tract 403
Virginia · Richmond · 4,123 residents · 0.2 sq mi
The short version
Census Tract 403 has notably lower household income than the US average, with a median household income of $19,837. Population has grown 36% since 2020. 64% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value is $446,000. At a median age of 19.3, residents skew younger than the country as a whole. Households here earn about 69% less than the Richmond median.
At a glance
Lower income
below the US median
US median: $82,259
Younger
median age 19.3
US median: 38.9
More educated
64% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01
Population & growth
Total population
4,123
+36%since 2020
from 3,033 in 2020
2020 – 2024
Population density
20,615 / sq mi
+36%since 2020
from 15,165 / sq mi in 2020
US average: 281
Median age
19.3
+1%since 2020
from 19.2 in 2020
US average: 38.9
Population, 2020 – 2024
20244K
Section 02
Income & economy
Median household income
$19,837
US average: $82,259
Per capita income
$11,001
+20%since 2020
from $9,165 in 2020
US average: $44,673
Households earning $100K+
20.2%
−5.4 ptssince 2020
from 25.6% in 2020
US average: 53.3%
Poverty rate
53.6%
−12.9 ptssince 2020
from 66.6% in 2020
US average: 12.5%
Income inequality (Gini)
0.705
Unchangedsince 2020
from 0.704 in 2020
US average: 0.476
Workforce by industry, 2024
Information16.4%
Arts, entertainment, food4.3%
Wholesale trade1.8%
Transportation & warehousing1.4%
Finance & insurance1.2%
Education & health services1.2%
Retail trade0.5%
Agriculture, forestry, fishing0%
Construction0%
Manufacturing0%
Professional, scientific, technical0%
Other services0%
Public administration0%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03
Housing
Median home value
$446,000
+5%inflation adjusted, since 2020
from $350,000 in 2020
US average: $376,019
2020 – 2024
Median gross rent
$1,402
Unchangedinflation adjusted, since 2020
from $1,153 in 2020
US average: $1,442
Owner-occupied
15.9%
−9.4 ptssince 2020
from 25.3% in 2020
84.1% rent
Vacancy rate
22.0%
+10.6 ptssince 2020
from 11.5% in 2020
US average: 10.0%
Owner cost-burdened
21.7%
+14.4 ptssince 2020
from 7.3% in 2020
US average: 22.9%
Renter cost-burdened
73.8%
−8.0 ptssince 2020
from 81.8% in 2020
US average: 47.4%
Afford Score
22.5
RELATED:See current rent listings in Census Tract 403 on RentDataNow
Section 04
Race & ethnicity
2020
White, non-Hispanic52.6%(1,596)
Black21.9%(663)
Hispanic / Latino5.9%(180)
Asian12.7%(385)
Other6.9%(209)
Diversity Score81.4%(2,468)
2024
White, non-Hispanic47.1%(1,943)
Black23%(950)
Hispanic / Latino8.2%(337)
Asian13.2%(543)
Other8.5%(350)
Diversity Score86.7%(3,575)
Diversity Score
87
+7%since 2020
from 81 in 2020
2020 – 2024
Section 05
Education
Bachelor's degree or higher
63.7%
+8.5 ptssince 2020
from 55.2% in 2020
US average: 35.6%
High school or higher
93.3%
−0.4 ptssince 2020
from 93.8% in 2020
US average: 89.6%
Graduate degree
21.3%
−3.7 ptssince 2020
from 25.0% in 2020
US average: 14.0%
Section 06
Commute & transportation
Average commute
14.5 min
−8%since 2020
from 15.8 min in 2020
US average: 26.5
Drive alone to work
29.0%
−4.9 ptssince 2020
from 33.9% in 2020
US average: 68.9%
Carpooled to work
2.7%
−5.0 ptssince 2020
from 7.8% in 2020
US average: 8.5%
Public transit
9.0%
+5.7 ptssince 2020
from 3.3% in 2020
US average: 3.2%
Worked from home
20.1%
+10.9 ptssince 2020
from 9.2% in 2020
US average: 15.0%
Walked to work
29.7%
−10.2 ptssince 2020
from 39.9% in 2020
US average: 2.4%
Biked to work
6.9%
+1.0 ptssince 2020
from 5.9% in 2020
US average: 0.4%
No vehicle available
23.2%
−13.2 ptssince 2020
from 36.4% in 2020
US average: 8.3%
Section 07
Work & employment
Unemployment rate
24.5%
−2.7 ptssince 2020
from 27.2% in 2020
US average: 5.2%
Labor force participation
42.2%
−3.1 ptssince 2020
from 45.3% in 2020
US average: 63.5%
Self-employed
18.3%
+9.8 ptssince 2020
from 8.5% in 2020
US average: 13.1%
Management & professional
26.4%
+3.6 ptssince 2020
from 22.8% in 2020
US average: 42.5%
Section 08
People & community
Male
37.3%
−3.1 ptssince 2020
from 40.3% in 2020
Female
62.7%
+3.1 ptssince 2020
from 59.7% in 2020
Foreign born
6.9%
−0.8 ptssince 2020
from 7.7% in 2020
US average: 14.1%
Veterans
2.0%
−0.3 ptssince 2020
from 2.2% in 2020
US average: 6.2%
With a disability
11.0%
−1.5 ptssince 2020
from 12.5% in 2020
US average: 13.3%
Uninsured
8.1%
+2.3 ptssince 2020
from 5.8% in 2020
US average: 8.4%
Broadband at home
81.4%
+11.6 ptssince 2020
from 69.8% in 2020
US average: 91.0%
English only at home
85.0%
+2.3 ptssince 2020
from 82.8% in 2020
US average: 77.7%
Spanish at home
4.8%
+0.5 ptssince 2020
from 4.3% in 2020
US average: 13.6%
Drill deeper
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Places similar to Census Tract 403Head to head
Compare Census Tract 403 to nearby tracts
CENSUS TRACT 403 VS
Census Tract 404
Income$41,023+107%
Home value$782,200+75%
Population3,478−16%
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CENSUS TRACT 403 VS
Census Tract 402.01
Income$30,139+52%
Home value$279,400−37%
Population2,347−43%
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CENSUS TRACT 403 VS
Census Tract 305.01
Income$40,646+105%
Home value–
Population2,980−28%
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CENSUS TRACT 403 VS
Census Tract 412
Income$112,321+466%
Home value$377,300−15%
Population998−76%
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Frequently asked
How many people live in this census tract?
this census tract has about 4,123 residents according to the 2024 American Community Survey.
What is the median household income in this census tract?
The typical household in this census tract earns about $19,837 a year. Half of households make more than that, and half make less.
Is this census tract expensive?
In this census tract, the median home is worth about $446,000, and the typical rent is about $1,402 a month.
How educated are people in this census tract?
About 63.7% of adults age 25 and over in this census tract hold a bachelor's degree or higher.
What is the poverty rate in this census tract?
About 53.6% of people in this census tract live below the federal poverty line.
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Containing area
RichmondOther census tracts in Richmond
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