Midlothian, VA—23113
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 $692,000, with a year-over-year change of 3.7%. This indicates that home prices in Midlothian, VA are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $692,000 | 3.7% |
| Single Family | $711,000 | 3.5% |
| Condos | $287,000 | 0.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $271,000 | 0.0% |
3 Bed | $441,000 | 1.6% |
4 Bed | $675,000 | 3.7% |
| 5 Bed | $891,000 | 3.6% |
% of Housing Stock
Rental Trends — Midlothian, VA
As of July '25, Rentcast reports the average rent in Midlothian, VA is $2,300, with a year-over-year rent change of -21.8%. Per bedroom, the median rent as of July '25 in Midlothian, VA is 1-bedrooms: $1,580, 2-bedrooms: $1,800, 3-bedrooms: $2,460, 4-bedrooms: $3,200. The most common rental property sizes in Midlothian, VA are 2-bedroom and 1-bedroom, accounting for 39.5% and 23.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,300 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,570 | $1,580 |
| 2 Bed Rent | $1,800 | $1,800 |
| 3 Bed Rent | $2,650 | $2,460 |
| 4 Bed Rent | $2,450 | $3,200 |
% 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 39. 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $732,000 | 8.0% |
Listing Count | 101 | 8.0% |
| Listings as % of Homes | 0.4% | 8.0% |
Days on Market | 39 | -3.0% |
Demographics — Midlothian, VA
As of the latest ACS Survey released in 2023, Midlothian, VA has a population of 26,600, which has increased by 5.9% over the past 5 years. Midlothian, VA is a moderately popular place for families, as children make up 23.7% of the population. The area has a highly educated workforce, with 69.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,600 | 5.9% |
% Under 18 | 23.7% | -1.7% |
% Seniors | 21.6% | 10.8% |
% WFH | 25.8% | 186.7% |
% w/ College Degree | 69.6% | 8.2% |
As of the latest ACS Survey released in 2023, Midlothian, VA is a predominantly white area, with 83.5% of the population identifying as white. The white population has grown by 2.5% in the last 5 years. The second most common race or ethnicity in Midlothian, VA is hispanic, making up 5.4% of the population. Foreign-born residents account for 6.7% of the population in Midlothian, VA, and this percentage has decreased by 15.2% 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 | 83.5% | 2.5% |
% Black | 4.4% | -41.3% |
% Hispanic | 5.4% | 31.7% |
% Asian | 3.9% | -26.4% |
% Foreign Born | 6.7% | -15.2% |
Mortgage and Risk — Midlothian, VA
According to HUD data as of 2023, there were 104 mortgage originations in Midlothian, VA, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 30.0% 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. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 104 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Midlothian, VA
As of 2024, the percent of homes in Midlothian, VA under the Section 8 program is 0.5%. 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 | 11 |
Total Units Section 8 | 11 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $270 | $1,570 | $1,840 |
| 2 Bedroom | $240 | $1,800 | $2,040 |
| 3 Bedroom | -$70 | $2,650 | $2,580 |
| 4 Bedroom | $740 | $2,450 | $3,190 |
Affordability — Midlothian, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $692,000 |
| Median Household Income | $151,000 |