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Henrico County Housing Market

Virginia · 133 counties · Ranked #2765 in home value

Above National Avg

Housing at a Glance

Median Home Value

$333,600

vs national+$333,600 vs $281,900 national

Median Gross Rent

$1,474/mo

vs national+$1,474 vs $1,163 national

Effective Tax Rate

0.72%

vs national0.72% vs 1.02% national

Median Household Income

$86,397

vs national+$86,397 vs $74,755 national

Affordability Ratio

3.9x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

30.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$2,416

Tax as % of Home Value

0.72%

Monthly Owner Cost

$1,483

Renter Income

$56,905

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Frequently Asked Questions

What is the median home value in Henrico County?

The median home value in Henrico County is $333,600. This is above the national median of $281,900.

How much is rent in Henrico County?

The median gross rent in Henrico County is $1,474 per month.

What is the property tax rate in Henrico County?

The effective property tax rate in Henrico County is 0.72%. The median annual property tax bill is $2,416.

Is Henrico County affordable?

With a home-value-to-income ratio of 3.9x, Henrico County is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.