Mechanicsville, VA—23116
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 $496,000, with a year-over-year change of 2.2%. 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 | $496,000 | 2.2% |
| Single Family | $501,000 | 2.2% |
| Condos | $399,000 | 3.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $319,000 | 1.6% |
3 Bed | $410,000 | 2.2% |
4 Bed | $536,000 | 2.1% |
| 5 Bed | $640,000 | 2.1% |
% of Housing Stock
Rental Trends — Mechanicsville, VA
As of July '25, Rentcast reports the average rent in Mechanicsville, VA is $2,430, with a year-over-year rent change of -9.0%. Per bedroom, the median rent as of July '25 in Mechanicsville, VA is 2-bedrooms: $1,510, 3-bedrooms: $2,430, 4-bedrooms: $2,650. The most common rental property sizes in Mechanicsville, VA are 4-bedroom and 2-bedroom, accounting for 32.8% and 30.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,430 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,510 | $1,510 |
| 3 Bed Rent | $2,600 | $2,430 |
| 4 Bed Rent | $2,400 | $2,650 |
% 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 40. This is a decrease of -10.0% 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 | $535,000 | -1.0% |
Listing Count | 127 | -1.0% |
| Listings as % of Homes | 0.8% | -1.0% |
Days on Market | 40 | -10.0% |
Demographics — Mechanicsville, VA
As of the latest ACS Survey released in 2023, Mechanicsville, VA has a population of 34,100, which has increased by 11.0% over the past 5 years. Mechanicsville, VA is a popular place for families, as children make up 25.3% of the population. The area has a highly educated workforce, with 53.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 34,100 | 11.0% |
% Under 18 | 25.3% | -0.4% |
% Seniors | 14.9% | 9.6% |
% WFH | 18.0% | 164.7% |
% w/ College Degree | 53.1% | 7.1% |
As of the latest ACS Survey released in 2023, Mechanicsville, VA is a predominantly white area, with 83.2% of the population identifying as white. The white population has shrunk by 5.7% in the last 5 years. The second most common race or ethnicity in Mechanicsville, VA is black, making up 6.9% of the population. Foreign-born residents account for 3.4% of the population in Mechanicsville, VA, and this percentage has decreased by 12.8% 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 | 83.2% | -5.7% |
% Black | 6.9% | 7.8% |
% Hispanic | 2.2% | 0.0% |
% Asian | 2.4% | 60.0% |
% Foreign Born | 3.4% | -12.8% |
Mortgage and Risk — Mechanicsville, VA
According to HUD data as of 2023, there were 764 mortgage originations in Mechanicsville, VA, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Mechanicsville, VA. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 764 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Mechanicsville, VA
Mechanicsville, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 9 |
Total Units Section 8 | 8 |
% 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 | N/A | N/A | $1,950 |
| 2 Bedroom | $650 | $1,510 | $2,160 |
| 3 Bedroom | $130 | $2,600 | $2,730 |
| 4 Bedroom | $980 | $2,400 | $3,380 |
Affordability — Mechanicsville, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $496,000 |
| Median Household Income | $139,000 |