The story of this market
The typical home in ZIP 23150 sells for about $343,515, or $238 per square foot.
Prices are up +3.4% from a year ago, so sellers still have some momentum. Homes take about 36 days to sell. HUD's fair market rent for a two-bedroom is $1,145 a month.
ZIP 23150 — Sandston
The 23150 housing market in Sandston remains a competitive and affordable segment of the Richmond metro area. With a median listing price of $343,515 and limited inventory, buyer demand continues to support steady price appreciation. The area is increasingly attractive to those priced out of Western Henrico, driving consistent market activity.
This ZIP is well-suited for family buyers and commuters seeking more affordable entry points compared to Western Henrico while maintaining access to the Richmond metro area.
Median prices moved up 3.4% year over year.
Homes spend a median of 36 days on market with 2.0 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 2.9% · poverty 7.2% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 23150, Henrico 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.
The area benefits from proximity to Richmond International Airport and ongoing interest as an affordable alternative to Western Henrico.
Property taxes are assessed by Henrico County based on fair market value; the county maintains a stable tax rate structure for residential parcels.
Located in Sandston, the area provides convenient access to I-64 and I-295, facilitating commutes to downtown Richmond and major employment hubs.
The area features local parks and proximity to the Richmond International Airport area, with shopping and dining options available along major corridors.
The rental market shows steady demand with a median asking rent of $2,072, reflecting the area's role as a residential hub for the Richmond metro.
The local economy is anchored by logistics, aviation, and proximity to the broader Richmond employment market.
The area is served by major highway corridors including I-64 and I-295, providing regional connectivity.
Development momentum is driven by residential expansion as buyers seek value in Eastern Henrico.
Henrico County utilizes a centralized appraisal system to determine property values for tax purposes.
Parcels are subject to Henrico County tax levies and standard utility service districts.
Data retrieved from Census Bureau ZCTA profiles.
Major regional airport serving the Richmond metropolitan area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.