Henrico, NC—27842
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Henrico, NC
As of Oct '25, the median home price in Henrico, NC is $641,000, with a year-over-year change of 7.8%. This indicates that home prices in Henrico, NC are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $641,000 | 7.8% |
| Single Family | $646,000 | 7.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $460,000 | 7.7% |
3 Bed | $675,000 | 8.9% |
4 Bed | $914,000 | 7.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Henrico, NC
Henrico, NC lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Henrico, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Henrico, NC is 47. This is a decrease of -32.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $692,000 | -15.0% |
Listing Count | 24 | 47.0% |
| Listings as % of Homes | 0.5% | 47.0% |
Days on Market | 47 | -32.0% |
Demographics — Henrico, NC
As of the latest ACS Survey released in 2023, Henrico, NC has a population of 1,440, which has decreased by -1.2% over the past 5 years. Henrico, NC is a less popular place for families, as children make up 9.9% of the population. The area has a moderately educated workforce, with 38.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,440 | -1.2% |
% Under 18 | 9.9% | -12.4% |
% Seniors | 47.8% | -3.8% |
% WFH | 14.7% | 200.0% |
% w/ College Degree | 38.8% | 27.2% |
As of the latest ACS Survey released in 2023, Henrico, NC is a predominantly white area, with 73.8% of the population identifying as white. The white population has shrunk by 0.9% in the last 5 years. The second most common race or ethnicity in Henrico, NC is black, making up 23.6% of the population. Foreign-born residents account for 0.4% of the population in Henrico, NC, and this percentage has decreased by 50.0% 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 | 73.8% | -0.9% |
% Black | 23.6% | -3.7% |
% Hispanic | 0.0% | N/A |
% Asian | 0.0% | N/A |
% Foreign Born | 0.4% | -50.0% |
Mortgage and Risk — Henrico, NC
According to HUD data as of 2023, there were 55 mortgage originations in Henrico, NC, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Henrico, NC. Investor activity is low, as 0.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 55 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 0.0% |
% Second Loans | 42.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Henrico, NC
Henrico, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,160 |
| 2 Bedroom | N/A | N/A | $1,530 |
| 3 Bedroom | N/A | N/A | $1,840 |
| 4 Bedroom | N/A | N/A | $2,090 |
Affordability — Henrico, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.4 |
| Median Home Price | $641,000 |
| Median Household Income | $87,500 |