Market Intelligence · VA / Henrico

Henrico, VA 23231 Housing Market

Henrico, VA 23231 homes have a typical value of $333,364, up 2.3% over the past year. The median list price stands at $404,945, with homes typically spending 42 days on market.

Updated September 2026Median value$333K

The median home value in Henrico, VA 23231 is $333K as of September 2026, up 2.3% 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 23231 range

$307K to $360K

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

+2.3% over 12 months

Sep 2025$326K

Low $326KHigh $333K

Sep 2026$333K

The numbers

What is the 23231 housing market like?

As of September 2026

Typical home value

$333K

2.3%YoY

Median list price

$405K

1.2%MoM

Days on market

0.0%MoM

Homes for sale

112

6.7%MoM

Price cuts

17.3%

4.1%MoM

New listings

15.4%MoM

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

The outlook

23231 housing market forecast 2027

+2.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 23231 to rise 2.2% by September 2027.

Over the 12 months through September 2026, typical home values in 23231 rose 2.3%, per the Zillow Home Value Index.

Will home prices drop in 23231?

Zillow's forecast does not call for a drop: it expects typical home values in 23231 to rise 2.2% by September 2027, after a 2.3% 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 23231 home prices compare?

23231$333,364
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 ZIP has 112 homes for sale as of September 2026, with 60 new listings entering the market recently. At 42 days median time on market, properties are taking a moderate period to sell. The median list price of $404,945 sits notably above typical home value, suggesting some listings may be priced optimistically. With 17.3% of listings carrying a price cut, there is measurable pricing pressure. For sellers, this suggests you should price realistically from the start and be prepared for negotiation.

Monthly payment

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Home price

Down payment20% · $66,673

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Common questions

What people ask us.

What is the typical home value in 23231?

The typical home value in Henrico, VA 23231 is $333,364, up 2.3% over the past year.

How long do homes stay on the market here?

The median days on market is 42 as of September 2026.

What percentage of homes have price cuts?

About 17.3% of listings in the ZIP have received a price cut.

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Nearby ZIP markets.

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