The story of this market
The typical home in New Kent County, Virginia sells for about $461,615, or $230 per square foot.
Prices are roughly flat from a year ago (-0.66%), a market in balance. Homes take about 45 days to sell. Over the long run, values in this county have grown 159% since 2000. The biggest natural hazard here is drought, which FEMA rates relatively high. HUD's fair market rent for a two-bedroom is $1,651 a month.
HUD sets the fair market rent for a 2-bedroom at $1,651 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Low.
Price climate
Every year of price change, 2000–2025
+4.8%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2005 (+18.7%). Worst: 2009 (-7.7%). Hover to read a year.
Monthly price momentum
Home values since 2015
+2.6%
VA · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$2,039
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
+4.8%
2025 change
FHFA repeat-sales index, median of 4 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
60
Relatively Low
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $7,325,119.
Mortgage activity
Home lending in this county
81.8%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 1602 | 846 | 81.8% | 1.2% | $275,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
New Kent County, Virginia
New Kent County's housing market remains a seller's market characterized by low inventory and steady demand. While price growth has moderated compared to previous years, the county continues to attract residents due to its rural appeal and proximity to major employment hubs in Richmond and Williamsburg.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: median price corroborated by the published ten-year series (2026) (within 12.5%).
Select a city to expand its ZIP intel reports beneath · 5 cities · 6 ZIP reports
Median prices moved up 1.7% year over year.
Homes spend a median of 34 days on market with 1.0 months of supply — a fast-moving market.
4% of listings have cut prices · homes sell at 46.6% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 4.7% — a stable, low-distress profile.
Deterministic aggregate of 4 researched ZIP reports of 6 — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
New Kent County, Virginia — researched county-level history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
researched Sep 16
researched Sep 29
researched Sep 20
researched Sep 16
researched Sep 16
researched Sep 17
| 23011 | Barhamsville | $473,580 | $233 | +0.9% | 16 | — | — | — | 146 | $1,800 | researched Sep 16 |
| 23089 | Lanexa | $414,000 | $231 | +4.8% | 63 | — | — | — | 562,000 | $1,298 | researched Sep 29 |
| 23111 | Mechanicsville | $474,000 | $233 | +0.9% | 16 | — | — | — | 65 | $1,643 | researched Sep 20 |
| 23124 | New Kent | $447,325 | $208 | +2.1% | 36 | 98.5% | 12% | 4.2 | 80 | $1,750 | researched Sep 16 |
| 23140 | Providence Forge | $332,600 | $165 | +2.5% | 55 | 94.8% | 7.8% | 1.7 | 76 | $1,492 | researched Sep 16 |
| 23141 | Quinton | $429,108 | $237 | +3.8% | 149 | 100% | 25% | 4 | 4 | $1,576 | researched Sep 17 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
New Kent County generally reports lower crime rates compared to the broader Richmond metropolitan area, maintaining a characteristically rural and suburban safety profile.
The county is served by New Kent County Public Schools, which generally maintains a stable reputation within the region for its community-focused educational environment.
The county faces standard regional risks including potential flooding in low-lying areas near the Pamunkey and Chickahominy rivers and occasional wind-related storm impacts.
The county is experiencing steady residential growth and development momentum, benefiting from its strategic location between Richmond and Williamsburg, though it remains largely rural in character.
Property taxes are assessed by the county based on fair market value; the county maintains a competitive tax structure relative to neighboring urban jurisdictions.
The county offers significant outdoor amenities including the Colonial Downs racetrack, various golf courses, and extensive access to the Pamunkey and Chickahominy rivers for boating and fishing.
The rental market is characterized by limited inventory and high demand, largely driven by the county's growing population and proximity to regional employment hubs.
The economy is primarily driven by services, retail, and tourism, with significant employment ties to the nearby Richmond and Williamsburg labor markets.
The county is bisected by Interstate 64, providing a critical transportation corridor for commuters traveling between Richmond and the Virginia Peninsula.
The county assessor's office conducts periodic reassessments to ensure property values reflect current market conditions.
The county is served by regional utility and school districts that coordinate with neighboring jurisdictions to manage infrastructure and educational services.
Property insurance premiums are influenced by the county's rural nature and proximity to coastal storm paths, generally remaining in line with regional averages.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
A premier horse racing facility that serves as a major regional attraction and economic anchor for the county.
Provides extensive outdoor recreation including camping, boat ramps, and trails along the river.
A highly-rated links-style golf course that draws visitors and provides significant leisure space for residents.
Data retrieved from World Population Review and Data USA profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.