Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$397,454+1.8% YoY · prices are rising
Market right nowBalanced marketMore homes for sale than last year, 19% have cut their price
Income needed to buy, per year$86,160About 1.0× the local median income ($84,671): a stretch for a typical household
Days on market39 daysFaster than a year ago: sellers have the edge
Next 12 months+2.4%Zillow expects prices to rise slightly
The typical home in Henrico County, VA is worth $397,454, up 1.8% from a year ago. That is well above what local incomes have historically supported: fair value is about $336,362, so the area is 18.2% overvalued. It is a balanced market: homes take about 39 days to sell, listings are up 36% from a year ago, 19% of listings have had a price cut. Zillow expects prices to rise about 2.4% over the next year. A household needs about $86,160 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $84,671. Typical rent is $1,773 a month, or $2,329 for a house. In the latest IRS figures, 463 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$397,454
Change in 1 year
+1.8%
Overvalued %
+18.2%
Show 7 more
Fair home value
$336,362
Change in 5 years
+26.2%
Zillow forecast, next 12 months
+2.4%
Home value to income
4.7×
Monthly mortgage payment (20% down)
$2,154
Income needed to afford it
$86,160
Property tax rate
0.71%
Rent and investing
Typical rent
$1,773
Typical rent for houses
$2,329
Price-to-rent ratio
18.7×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,651
Gross rental yield
5.35%
Cap rate (estimate)
3.48%
Market activity
Listings vs a year ago
+36.5%
Days on market
39
Listings with a price cut
18.8%
Show 3 more
Homes for sale
766
Pending sales per 100 listings
60
Asking price per sq ft
$234
People and jobs
Median household income
$84,671
Population change (1 year)
+0.8%
Unemployment rate
3.9%
Show 4 more
Population
342,775
Income adjusted for cost of living
$86,487
Net moves in (IRS)
−463
Cost of living (US = 100)
97.9
Schools, risk and environment
School rating (1 to 10)
5.8
FEMA hazard risk score (0 to 100)
83.4
Unhealthy air days a year
0
Show 4 more
Flood risk score
85.4
Wildfire risk score
34.5
Walkability (1 to 20)
9.3
Road, rail and air noise
54 dB
Questions people ask
Is Henrico County, VA overvalued?
Home prices in Henrico County, VA are well above what local incomes have historically supported: fair value is about $336,362, so the area is 18.2% overvalued.
Is Henrico County, VA a buyer's or seller's market?
Henrico County, VA is a balanced market: homes take about 39 days to sell, listings are up 36% from a year ago, 19% of listings have had a price cut.
Are home prices going down in Henrico County, VA?
Home values in Henrico County, VA are up 1.8% over the last year. Zillow's forecast for the next 12 months is +2.4%.
How much do you need to earn to buy a home in Henrico County, VA?
A household needs about $86,160 a year to afford the typical home in Henrico County, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $84,671.