Mechanicsville, VA 23111 - Real Estate Investment Insights & Performance Data

Welcome to our 23111 real estate data hub, tailored for investors in Mechanicsville, 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 23111 in Mechanicsville, VA. Discover Section 8 housing opportunities and challenges to maximize your investment potential in HANOVER COUNTY.

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

• Location Overview

  • Zip Code: 23111
  • City: Mechanicsville
  • State: VA
  • Metro Area: Richmond, VA
  • County Name: HANOVER COUNTY

• Real Estate Market Snapshot

  • Average Home Price (All Types): $345,658
  • Average Home Price (Single Family Homes): $345,882
  • Average Monthly Rental Price (All Types): $1,954
  • Price-to-Rent Ratio: 15
  • Zillow Projected % appreciation from 4/2023-4/2024: 1.8%

• Section 8 Housing Insights

  • Average 2 Bedroom Section 8 Rental Rates: $1,450
  • Average 3 Bedroom Section 8 Rental Rates: $1,870
  • Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 19.87
  • Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 15.4
  • Number of Units Offered in Section 8 in the County: 172
  • Number of Occupied Units in Section 8 in the County: 168
  • Percentage of Section 8 Units Occupied in the County: 97.69999695%

• Historical & Recent Price Appreciation Rates

  • Total % Appreciation since 1990 (Government Data): Not Available
  • Total % Appreciation since 2000 (Government Data): 113.28
  • YTD Appreciation (Backwards from 4/2023, Realtor Data): 1.27%
  • 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 8.1%
  • 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 28.24%
  • 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 39.65%
  • 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 65.39%
  • 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 36.41%
  • 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 101.73%

• Historical & Recent Rent Appreciation Rates

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