Mechanicsville, VA 23111 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Mechanicsville, VA—23111

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$401,000

3.0% YoY Growth

Household Income

$96,700

18.7% YoY Growth

Days on Market

47

3.0% Shorter YoY

Home Price Forecast

1.1%

Median Rent

$2,300

0.5% YoY Growth

1-Bed Rent

$904

N/A

2-Bed Rent

$1,600

0.6% YoY Growth

3-Bed Rent

$2,280

8.7% YoY Growth

Other Zip Codes in Mechanicsville, VA

Home Price Trends — Mechanicsville, VA

As of May '26, the median home price in Mechanicsville, VA is $401,000, with a year-over-year change of 3.0%. This indicates that home prices in Mechanicsville, VA are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$401,000	3.0%
Single Family	$402,000	3.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Mechanicsville, VA

As of July '25, Rentcast reports the average rent in Mechanicsville, VA is $2,190, with a year-over-year rent change of 0.5%. Per bedroom, the median rent as of July '25 in Mechanicsville, VA is 1-bedrooms: $1,170, 2-bedrooms: $1,590, 3-bedrooms: $2,260, 4-bedrooms: $2,590. The most common rental property sizes in Mechanicsville, VA are 2-bedroom and 3-bedroom, accounting for 38.6% and 30.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,300	$2,190
Studio Rent	N/A	N/A
1 Bed Rent	$904	$1,170
2 Bed Rent	$1,600	$1,590
3 Bed Rent	$2,280	$2,260
4 Bed Rent	$2,500	$2,590

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% of Rental Stock

Studio

5.3%

1 Bedroom

14.1%

2 Bedrooms

38.6%

3 Bedrooms

30.8%

4 Bedrooms

8.9%

5+ Bedrooms

2.3%

Property Listings — Mechanicsville, VA

As of May '26, Realtor.com reports that the median days on market for a home in Mechanicsville, VA is 47. This is a decrease of -3.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$515,000	1.0%
Listing Count	145	20.0%
Listings as % of Homes	0.4%	20.0%
Days on Market	47	-3.0%

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Demographics — Mechanicsville, VA

As of the latest ACS Survey released in 2023, Mechanicsville, VA has a population of 37,700, which has increased by 3.1% over the past 5 years. Mechanicsville, VA is a moderately popular place for families, as children make up 20.8% of the population. The area has a moderately educated workforce, with 33.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	37,700	3.1%
% Under 18	20.8%	-5.5%
% Seniors	20.4%	12.1%
% WFH	13.5%	107.7%
% w/ College Degree	33.5%	-0.6%

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As of the latest ACS Survey released in 2023, Mechanicsville, VA is a predominantly white area, with 82.9% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Mechanicsville, VA is black, making up 7.9% of the population. Foreign-born residents account for 3.8% of the population in Mechanicsville, VA, and this percentage has increased by 11.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	82.9%	-2.2%
% Black	7.9%	-4.8%
% Hispanic	2.0%	0.0%
% Asian	1.4%	-22.2%
% Foreign Born	3.8%	11.8%

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Mortgage and Risk — Mechanicsville, VA

According to HUD data as of 2023, there were 750 mortgage originations in Mechanicsville, VA, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Mechanicsville, VA. Investor activity is low, as 2.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	750
% Conventional Loans	83.0%
% Government Loans	17.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	16.0%

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Rentals and Section 8 — Mechanicsville, VA

As of 2024, the percent of homes in Mechanicsville, VA under the Section 8 program is 8.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Mechanicsville, VA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

Section 8 Market Size

Total Units under HUD	344
Total Units Section 8	278
% Rentals under Section 8	8.7%
% Occupied Section 8	91.6%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$766	$904	$1,670
2 Bedroom	$250	$1,600	$1,850
3 Bedroom	$60	$2,280	$2,340
4 Bedroom	$390	$2,500	$2,890