Mechanicsville, VA—23111
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Mechanicsville, VA
Home Price Trends — Mechanicsville, VA
As of Oct '25, the median home price in Mechanicsville, VA is $385,000, with a year-over-year change of 1.8%. This indicates that home prices in Mechanicsville, VA are increasing. 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 | $385,000 | 1.8% |
| Single Family | $385,000 | 1.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $330,000 | 2.5% |
3 Bed | $357,000 | 1.7% |
4 Bed | $440,000 | 2.1% |
| 5 Bed | $561,000 | 2.2% |
% of Housing Stock
Rental Trends — Mechanicsville, VA
As of July '25, Rentcast reports the average rent in Mechanicsville, VA is $2,190, with a year-over-year rent change of 0.5%. Per bedroom, the median rent as of July '25 in Mechanicsville, VA is 1-bedrooms: $1,170, 2-bedrooms: $1,590, 3-bedrooms: $2,260, 4-bedrooms: $2,590. The most common rental property sizes in Mechanicsville, VA are 2-bedroom and 3-bedroom, accounting for 38.6% and 30.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,190 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $904 | $1,170 |
| 2 Bed Rent | $1,600 | $1,590 |
| 3 Bed Rent | $2,280 | $2,260 |
| 4 Bed Rent | $2,500 | $2,590 |
% of Rental Stock
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.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $466,000 | 0.0% |
Listing Count | 133 | 5.0% |
| Listings as % of Homes | 0.4% | 5.0% |
Days on Market | 45 | 5.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,700 | 3.1% |
% Under 18 | 20.8% | -5.5% |
% Seniors | 20.4% | 12.1% |
% WFH | 13.5% | 107.7% |
% w/ College Degree | 33.5% | -0.6% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $385,000 |
| Median Household Income | $96,700 |