Market Intelligence · VA / Henrico

Henrico, VA 23229 Housing Market

Homes in Henrico, VA 23229 have a typical value of $521,985, up 4.0% over the past year. The median list price stands at $490,950, with homes spending a median of 28 days on market.

Updated September 2026Median value$522K

The median home value in Henrico, VA 23229 is $522K as of September 2026, up 4.0% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

Human help

Licensed pros in 23229.

Brian E Parker

Primary seat

Brian E Parker

Lic #0255247831 VA

Since 2020, Brian has successfully guided numerous individuals and families through purchases and sales of their properties. Brian’s deep sense of ethics and service to others is credited to his earlier professional and military background. He is not only a patient and knowledgeable guide through the buying and selling process, but also a skilled strategist, adept at maximizing property value for his clients while fiercely protecting their interests in negotiations.

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Typical 23229 range

$480K to $564K

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

+4.0% over 12 months

Typical home value in 23229 over the last 12 months: $502K in Sep 2025 to $522K in Sep 2026 (+4.0%).

Sep 2025$502K

Sep 2026$522K

The numbers

What is the 23229 housing market like?

Typical home value

$522K

Up4.0%YoY

Median list price

$491K

Up6.7%MoM

Days on market

28

Down22.2%MoM

Homes for sale

46

Up24.3%MoM

Price cuts

11.6%

Down37.7%MoM

New listings

40

Up25.0%MoM

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

The outlook

23229 housing market forecast 2027

+2.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 23229 to rise 2.0% by September 2027.

Over the 12 months through September 2026, typical home values in 23229 rose 4.0%, per the Zillow Home Value Index.

Will home prices drop in 23229?

Zillow's forecast does not call for a drop: it expects typical home values in 23229 to rise 2.0% by September 2027, after a 4.0% 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 23229 home prices compare?

  • 23229$521,985
  • 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

The 23229 ZIP has 46 homes for sale as of September 2026, with 40 new listings added recently. Homes are moving at a steady pace, and the typical home value continues to appreciate. However, 11.6% of listings have received a price cut, which signals that some sellers are adjusting to market conditions. For homeowners considering a sale, this is a reasonably active market, but pricing realistically from the start tends to work better than overpricing and negotiating later.

Monthly payment

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20% · $104,397

Common questions

What people ask us.

How much is a home in 23229 worth?

The typical home value in 23229 is $521,985, up 4.0% over the past year.

What is the median list price in 23229?

The median list price is $490,950 as of September 2026.

How long do homes stay on the market in 23229?

Homes spend a median of 28 days on market in this ZIP.

Discover

Nearby ZIP markets.

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Guides for sellers.