Henrico, VA 23231 - Real Estate Investment Insights & Performance Data

Welcome to our 23231 real estate data hub, tailored for investors in Henrico, VA. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.

Explore essential data such as home prices, rental rates, and appreciation trends specific to 23231 in Henrico, VA. Discover Section 8 housing opportunities and challenges to maximize your investment potential in HENRICO COUNTY.

Leverage our comprehensive, zip code-specific data to excel in Henrico, VA real estate investing. Uncover the wealth of information available, and position yourself for success in the Henrico property market.

• Location Overview

  • Zip Code: 23231
  • City: Henrico
  • State: VA
  • Metro Area: Richmond, VA
  • County Name: HENRICO COUNTY

• Real Estate Market Snapshot

  • Average Home Price (All Types): $310,468
  • Average Home Price (Single Family Homes): $309,428
  • Average Monthly Rental Price (All Types): $1,495
  • Price-to-Rent Ratio: 17
  • Zillow Projected % appreciation from 4/2023-4/2024: 1.9%

• Section 8 Housing Insights

  • Average 2 Bedroom Section 8 Rental Rates: $1,270
  • Average 3 Bedroom Section 8 Rental Rates: $1,640
  • Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 20.37
  • Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 15.78
  • Number of Units Offered in Section 8 in the County: 2046
  • Number of Occupied Units in Section 8 in the County: 1884
  • Percentage of Section 8 Units Occupied in the County: 92.09999847%

• Historical & Recent Price Appreciation Rates

  • Total % Appreciation since 1990 (Government Data): 185.99
  • Total % Appreciation since 2000 (Government Data): 134.99
  • YTD Appreciation (Backwards from 4/2023, Realtor Data): 0.61%
  • 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 13.01%
  • 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 46.54%
  • 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 66.42%
  • 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 113.79%
  • 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 81.57%
  • 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 176.11%

• Historical & Recent Rent Appreciation Rates

  • YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 4.03%
  • 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 11.26%
  • 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
  • 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%