Henrico, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Henrico Neighborhoods Since 2000




Henrico, VA Real Estate Data


Henrico Housing Market Information

With 196,724 people, 2,157 houses or apartments, and a median cost of homes of $220,746, Henrico real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Henrico, accounting for 60.73% of the town's housing units. Other types of housing that are prevalent in Henrico include large apartment complexes or high rise apartments ( 24.14%), row houses and other attached homes ( 9.07%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.57%).

The most prevalent building size and type in Henrico are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 59.38% owning and 40.62% renting.

There is a lot of housing in Henrico built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Henrico built between 1940-1969 ( 31.29%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.72%). There's also some housing in Henrico built before 1939 ( 2.81%).

Henrico Home Appreciation Rates

Henrico's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Henrico during the period has been just -0.82%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Henrico's appreciation rate, at 4.07%, has been at or slightly above the national average. In the latest quarter, Henrico's appreciation rate has been 0.62%, which annualizes to a rate of 2.50%.

Relative to Virginia, our data show that Henrico's latest annual appreciation rate is higher than 50% of the other cities and towns in Virginia.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Henrico differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Henrico - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Henrico real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$220,746

Henrico, VA HOME PRICES

Value Range
> $1,113,000 0.5
$835,001 - $1,113,000 1.3
$556,001 - $835,000 4.6
$445,001 - $556,000 4.8
$334,001 - $445,000 12.1
$223,001 - $334,000 27.4
$111,001 - $223,000 41.4
$56,001 - $111,000 5.0
$0 - $56,000 2.6

High for VA
High for Nation

Value Relative to Nation Value Relative to State
27.2295792804406 37.9501385041551

Number Of Homes And Apartments:
2,157

Rent & Ownership

 

Average Market Rent:
$1,354 / per month

Homeownership Rate

Homeownership
Owners 59.38
Renters 40.62
Vacant 6.57

Housing Market Details

 

Age of Homes

AGE OF Henrico HOMES
2000 or Newer 13.7
1970 - 1999 52.2
1940 - 1969 31.3
1939 or Older 2.8

Types of Homes

TYPE OF Henrico HOMES
Single-Family 60.7
Townhomes 9.1
Small Apt. Buildings 5.6
Apt. Complexes 24.1
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Henrico HOMES
No Bedroom 1.34
1 Bedroom 8.62
2 Bedrooms 26.37
3 Bedrooms 35.88
4 Bedrooms 21.43
5 or more bedrooms 6.36

Henrico Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
55.83% 2.60% 6 7
* 10 is highest