Midlothian, VA—23112
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Midlothian, VA
As of Oct '25, the median home price in Midlothian, VA is $423,000, with a year-over-year change of 1.1%. This indicates that home prices in Midlothian, VA are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $423,000 | 1.1% |
| Single Family | $431,000 | 1.2% |
| Condos | $345,000 | 1.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $301,000 | 0.0% |
3 Bed | $360,000 | 1.1% |
4 Bed | $461,000 | 1.1% |
| 5 Bed | $600,000 | 1.5% |
% of Housing Stock
Rental Trends — Midlothian, VA
As of July '25, Rentcast reports the average rent in Midlothian, VA is $2,610, with a year-over-year rent change of 3.6%. Per bedroom, the median rent as of July '25 in Midlothian, VA is 1-bedrooms: $1,600, 2-bedrooms: $1,820, 3-bedrooms: $2,510, 4-bedrooms: $2,940. The most common rental property sizes in Midlothian, VA are 2-bedroom and 3-bedroom, accounting for 30.2% and 29.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,600 | $2,610 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,550 | $1,600 |
| 2 Bed Rent | $1,800 | $1,820 |
| 3 Bed Rent | $2,650 | $2,510 |
| 4 Bed Rent | $2,650 | $2,940 |
% of Rental Stock
Property Listings — Midlothian, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Midlothian, VA is 44. This is a increase of 20.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $469,000 | -6.0% |
Listing Count | 257 | 3.0% |
| Listings as % of Homes | 0.7% | 3.0% |
Days on Market | 44 | 20.0% |
Demographics — Midlothian, VA
As of the latest ACS Survey released in 2023, Midlothian, VA has a population of 56,400, which has increased by 6.0% over the past 5 years. Midlothian, VA is a popular place for families, as children make up 25.2% of the population. The area has a highly educated workforce, with 49.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 56,400 | 6.0% |
% Under 18 | 25.2% | 0.0% |
% Seniors | 15.2% | 11.8% |
% WFH | 20.0% | 284.6% |
% w/ College Degree | 49.6% | -5.5% |
As of the latest ACS Survey released in 2023, Midlothian, VA is a predominantly white area, with 70.1% of the population identifying as white. The white population has shrunk by 4.4% in the last 5 years. The second most common race or ethnicity in Midlothian, VA is black, making up 13.8% of the population. Foreign-born residents account for 7.0% of the population in Midlothian, VA, and this percentage has decreased by 6.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 70.1% | -4.4% |
% Black | 13.8% | -8.0% |
% Hispanic | 6.4% | 45.5% |
% Asian | 4.0% | -11.1% |
% Foreign Born | 7.0% | -6.7% |
Mortgage and Risk — Midlothian, VA
According to HUD data as of 2023, there were 1171 mortgage originations in Midlothian, VA, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Midlothian, VA. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,171 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Midlothian, VA
As of 2024, the percent of homes in Midlothian, VA under the Section 8 program is 2.6%. 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. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Midlothian, VA, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 173 |
Total Units Section 8 | 89 |
% Rentals under Section 8 | 2.6% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $290 | $1,550 | $1,840 |
| 2 Bedroom | $240 | $1,800 | $2,040 |
| 3 Bedroom | -$70 | $2,650 | $2,580 |
| 4 Bedroom | $540 | $2,650 | $3,190 |
Affordability — Midlothian, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $423,000 |
| Median Household Income | $118,000 |