Henrico County First-Time Homebuyer Report for January

With 306,935 residents, Henrico County is the sixth-most populated county in Virginia. Also, with a 17.1% increase over the last 10 years, its population is growing faster than other parts of the state. Tuckahoe, Short Pump, and Laurel are its three most populated cities. Henrico County is an area where most people own their homes, with an ownership ratio of 60.6%. Leading the list of top schools in the county are Tuckahoe Elementary School, Short Pump Middle School, and Thomas Jefferson High School.

Price Range

Home values in Henrico County are generally in line with others in the state with a median home value of $173,400 and an average list price of $282,013. Wyndham, Short Pump, and Glen Allen have the highest worth in the county. The Henrico County market pulled back with an 8.5% sales drop in this week's report. Overall sales numbers for the last 30 days remained below the 361.3 monthly average with 300 homes sold.

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

$298K   $269K   $284K  

Typical Dwelling

The typical dwelling in Henrico County is a three-bedroom detached home worth about $196,535. To purchase a similar home, a buyer with good credit and a $39,307 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,065 monthly payment. The property tax rate is $8.05 per $1,000 of taxable assessed value.

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


Data reported through 1/12/2017

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