The story of this market
The typical home in ZIP 23111 sells for about $474,000, or $233 per square foot.
Prices are roughly flat from a year ago (+0.9%), a market in balance. Homes take about 16 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,643 a month.
ZIP 23111 — Mechanicsville
The 23111 ZIP code, located in Hanover County, reflects a stable housing market with a median sale price of $474,000. Market data indicates a slight year-over-year price increase of 0.9% and a median of 16 days on market. Figures for county-level metrics are used where ZIP-specific data is unavailable.
Median prices moved up 0.9% year over year.
Homes spend a median of 16 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.6% · poverty 5.1% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 23111, Hanover County VA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
not determinable
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.