The story of this market
The typical home in Henrico (Unincorporated County Area), Virginia sells for about $425,000, or $215 per square foot.
Prices are roughly flat from a year ago (+0.01%), a market in balance. Homes take about 37 days to sell. HUD's fair market rent for a two-bedroom is $2,300 a month.
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.
Henrico (Unincorporated County Area), Virginia
The Henrico housing market shows strong resilience with steady price appreciation and low inventory levels, signaling a competitive environment for buyers. Demand remains high, supported by a robust local economy and significant ongoing development projects like GreenCity. While days on market have fluctuated, the overall trend points toward a healthy, seller-leaning market through the remainder of the year.
No ARED county foreclosure postings attributed to Henrico (Unincorporated County Area) yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 3 researched ZIP reports — 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.
Median prices moved up 10.6% year over year.
Homes spend a median of 19 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0.81% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 8.8% — a stable, low-distress profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A premier open-air shopping destination featuring high-end retail, dining, and entertainment options that serve as a major regional anchor.
A large-scale community park offering extensive trails, athletic fields, and picnic areas, serving as a central hub for outdoor recreation.
A private golf and social club providing high-end recreational facilities and contributing to the area's prestige and property value.
A major office and business campus that serves as a primary employment anchor and drives demand for nearby residential housing.
Henrico is an ideal fit for family buyers seeking high-quality school districts and suburban amenities, as well as commuters who benefit from proximity to the Richmond employment core. Investors find value in the stable rental demand, while downsizers are attracted to the variety of housing types available in established neighborhoods. The area's balance of urban convenience and suburban space makes it a versatile choice for a wide range of demographics.
The area is served by Henrico County Public Schools, which is widely regarded for its diverse academic programming and specialized centers. Schools generally maintain competitive ratings, with several high schools recognized for strong college-readiness metrics and robust extracurricular offerings.
The area is served by a network of major highways including I-64 and I-95, facilitating efficient regional travel. Public transit options are primarily bus-based, with ongoing efforts to expand connectivity along the Broad Street corridor.
The area features a robust amenity base including extensive park systems like Deep Run Park and Short Pump Park, which provide significant green space and recreational facilities. Residents have access to premier shopping and dining districts, most notably the Short Pump Town Center, alongside various golf courses and community sports complexes that enhance local quality of life.
The rental market is characterized by high demand and low vacancy rates, particularly in the western portions of the county near major employment hubs. Rent trajectories have remained steady, with significant interest from both long-term residents and corporate tenants. Investor presence is notable, though short-term rental activity is strictly regulated by county zoning ordinances.
The economy is anchored by a diverse mix of finance, healthcare, and professional services, with major corporate campuses providing a stable employment base. Momentum remains strong due to ongoing commercial development and the area's strategic location within the Richmond MSA.
Henrico benefits from significant economic momentum driven by the Broad Street corridor and the Innsbrook Corporate Center. Major employers in finance, healthcare, and technology continue to anchor the local economy, supported by ongoing infrastructure improvements and mixed-use redevelopment projects. The area remains a primary destination for corporate relocations within the Richmond region.
Development is heavily focused on the GreenCity project and the continued densification of the Innsbrook area. These projects are designed to integrate residential and commercial uses to support long-term population growth.
Parcels are subject to standard county-wide tax levies, with specific service districts for water, sewer, and fire protection. There are no significant MUD or PID structures common in other states, as infrastructure is largely managed by the county.
Henrico maintains a moderate crime profile that is generally consistent with suburban areas of its size in Virginia. Reported trends show stability in property crime, though localized variations exist near major commercial corridors. Regional comparisons place the area in the middle tier for safety relative to the broader Richmond metropolitan area.
The geography faces standard regional risks, primarily related to localized flooding in low-lying areas near the James River and Chickahominy River basins. Insurance markets remain stable, though property owners in designated flood zones are typically required to carry supplemental coverage. Wildfire risk is considered minimal due to the suburban and developed nature of the landscape.
Property insurance markets are stable, though premiums reflect regional risks associated with storm activity and localized flooding. Most properties are well-covered under standard homeowner policies, with supplemental flood insurance required in specific low-lying zones.
Henrico County operates under a unified tax structure where real estate is assessed at 100% of fair market value. The county maintains a competitive real estate tax rate compared to neighboring jurisdictions, with no additional city-level municipal taxes as the area is unincorporated. Special service districts exist for specific infrastructure and utility maintenance, but the overall tax burden remains predictable for property owners.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this city's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from data.census.gov; figures reflect county-level place data.
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.