Midlothian, VA—23114
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 $458,000, with a year-over-year change of 1.0%. This indicates that home prices in Midlothian, VA are flat. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $458,000 | 1.0% |
| Single Family | $474,000 | 1.1% |
| Condos | $334,000 | 0.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $197,000 | 1.5% |
2 Bed | $317,000 | 0.0% |
3 Bed | $400,000 | 1.0% |
4 Bed | $482,000 | 1.0% |
| 5 Bed | $605,000 | 1.9% |
% of Housing Stock
Rental Trends — Midlothian, VA
As of July '25, Rentcast reports the average rent in Midlothian, VA is $2,470, with a year-over-year rent change of -2.0%. Per bedroom, the median rent as of July '25 in Midlothian, VA is 1-bedrooms: $1,450, 2-bedrooms: $2,360, 3-bedrooms: $2,500, 4-bedrooms: $2,750. The most common rental property sizes in Midlothian, VA are 2-bedroom and 1-bedroom, accounting for 52.3% and 28.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,470 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,560 | $1,450 |
| 2 Bed Rent | $2,360 | $2,360 |
| 3 Bed Rent | $2,450 | $2,500 |
| 4 Bed Rent | $2,750 | $2,750 |
% 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 40. This is a decrease of -23.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $445,000 | 1.0% |
Listing Count | 109 | 23.0% |
| Listings as % of Homes | 0.7% | 23.0% |
Days on Market | 40 | -23.0% |
Demographics — Midlothian, VA
As of the latest ACS Survey released in 2023, Midlothian, VA has a population of 21,600, which has increased by 16.4% over the past 5 years. Midlothian, VA is a popular place for families, as children make up 25.4% of the population. The area has a highly educated workforce, with 56.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,600 | 16.4% |
% Under 18 | 25.4% | -3.1% |
% Seniors | 18.7% | 31.7% |
% WFH | 18.9% | 145.5% |
% w/ College Degree | 56.7% | 0.7% |
As of the latest ACS Survey released in 2023, Midlothian, VA is a predominantly white area, with 70.7% of the population identifying as white. The white population has shrunk by 8.7% in the last 5 years. The second most common race or ethnicity in Midlothian, VA is black, making up 11.9% of the population. Foreign-born residents account for 7.3% of the population in Midlothian, VA, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 70.7% | -8.7% |
% Black | 11.9% | 20.2% |
% Hispanic | 5.1% | 96.2% |
% Asian | 7.5% | -3.8% |
% Foreign Born | 7.3% | 0.0% |
Mortgage and Risk — Midlothian, VA
Midlothian, VA lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Midlothian, VA
As of 2024, the percent of homes in Midlothian, VA under the Section 8 program is 2.3%. 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 3-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 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 40 |
Total Units Section 8 | 40 |
% Rentals under Section 8 | 2.3% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $310 | $1,560 | $1,870 |
| 2 Bedroom | -$290 | $2,360 | $2,070 |
| 3 Bedroom | $170 | $2,450 | $2,620 |
| 4 Bedroom | $490 | $2,750 | $3,240 |
Affordability — Midlothian, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $458,000 |
| Median Household Income | $109,000 |