January's First-Time Homebuyer Report for Mechanicsville

The population of Mechanicsville is affluent compared to others in Virginia with a median income of $73,374 per household. It's also considered an expensive city in terms of affordability with a cost of living adjustment score of 112.2. Mechanicsville is made up of homes that are of moderate age with a median of 24 years. Topping the list of best schools in the city is Chickahominy Middle School.

Price Range

Some of the more expensive homes in Virginia are in Mechanicsville with a median home value of $206,500 and an average list price for available homes currently at $250,252. A nine-week rough patch for the overall sales trend continues in the Mechanicsville market. On a positive note, the number of sales actually rose 3.1% over the last 30 days to reach 33.

Curious as to which homes have been getting the most attention in Mechanicsville? These listings have stirred up interest and produced the most views:

$180K   $249K   $249K  

Typical Dwelling

A three-bedroom detached home valued around $206,806 is considered a typical dwelling in Mechanicsville. If a buyer was looking for a similar home, they would need good credit and a $41,361 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,049 and the property tax rate is $6.41 per $1,000 of taxable assessed value.

Get started right now by checking out Mechanicsville homes for sale or reviewing Mechanicsville real estate trends.


Data reported through 1/12/2017

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