Welcome to our 23112 real estate data hub, tailored for investors in Midlothian, 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 23112 in Midlothian, VA. Discover Section 8 housing opportunities and challenges to maximize your investment potential in CHESTERFIELD COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Midlothian, VA real estate investing. Uncover the wealth of information available, and position yourself for success in the Midlothian property market.
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Location Overview
- Zip Code: 23112
- City: Midlothian
- State: VA
- Metro Area: Richmond, VA
- County Name: CHESTERFIELD COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $382,750
- Average Home Price (Single Family Homes): $385,817
- Average Monthly Rental Price (All Types): $1,688
- Price-to-Rent Ratio: 19
- Zillow Projected % appreciation from 4/2023-4/2024: 1.7%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,600
- Average 3 Bedroom Section 8 Rental Rates: $2,070
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 19.93
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 15.41
- Number of Units Offered in Section 8 in the County: 82
- Number of Occupied Units in Section 8 in the County: 79
- Percentage of Section 8 Units Occupied in the County: 96%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 195.43
- Total % Appreciation since 2000 (Government Data): 150.04
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 1.53%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 4.37%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 30.37%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 41.01%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 76.67%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 41%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 115.91%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 0.72%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 3.45%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 26.75%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 35.39%