Market Intelligence · VA / Henrico

Henrico, VA 23228 Housing Market

Typical home value in Henrico, VA 23228 stands at $328,234, up 1.5% over the past year. The median list price is $339,463, and homes are taking a median of 36 days to sell.

Updated September 2026Median value$328K

The median home value in Henrico, VA 23228 is $328K as of September 2026, up 1.5% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 23228 range

$302K to $354K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+1.5% over 12 months

Sep 2025$323K

Low $323KHigh $328K

Sep 2026$328K

The numbers

What is the 23228 housing market like?

As of September 2026

Typical home value

$328K

1.5%YoY

Median list price

$339K

1.5%MoM

Days on market

9.1%MoM

Homes for sale

10.0%MoM

Price cuts

10.0%

46.0%MoM

New listings

16.7%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

23228 housing market forecast 2027

+1.9%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 23228 to rise 1.9% by September 2027.

Over the 12 months through September 2026, typical home values in 23228 rose 1.5%, per the Zillow Home Value Index.

Will home prices drop in 23228?

Zillow's forecast does not call for a drop: it expects typical home values in 23228 to rise 1.9% by September 2027, after a 1.5% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 23228 home prices compare?

23228$328,234
Henrico$357,740
Virginia$328,255
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Henrico: 7 ZIPs; Virginia: 757 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, 55 homes are for sale in 23228, with 30 new listings added recently. The median time on market sits at 36 days, suggesting a reasonably active pace. About 10.0% of listings have seen price cuts, which is a modest share. Home values have moved upward year over year, but the inventory level and pricing activity suggest this is a balanced market where sellers should be realistic about their timing and price expectations.

Monthly payment

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Down payment20% · $65,647

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Common questions

What people ask us.

What is the typical home value in 23228?

The typical home value is $328,234, which has increased 1.5% over the past year.

How many homes are currently for sale in this ZIP?

There are 55 homes for sale as of September 2026, with 30 new listings in that period.

How long do homes typically stay on the market?

The median days on market is 36 days, indicating a moderately paced sales cycle.

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