Mechanicsville, VA23111

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$385,000
1.8% YoY Growth
Median Household Income
$96,700
18.7% 5-Year Growth
Days on Market
45
5.0% Longer than last year
Home Price Forecast
1.6%
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

Property Listings — Mechanicsville, VA

As of Oct '25, Realtor.com reports that the median days on market for a home in Mechanicsville, VA is 45. This is a increase of 5.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$466,0000.0%
Listing Count
1335.0%
Listings as % of Homes0.4%5.0%
Days on Market
455.0%
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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.

MetricLatest CensusYoY % Change
Population
37,7003.1%
% 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

MetricLatest Census5-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

MetricZip 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%

Loan Activity

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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 SizeHUD PremiumMarket RentMax 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

Affordability — Mechanicsville, VA

Home Price to Income Ratio

MetricZip Code Average
Home Price to Income Ratio3.6
Median Home Price$385,000
Median Household Income$96,700

Mechanicsville, VA — ZIP Code Boundary Map

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Frequently Asked Questions