Market Overview
Home Prices in Henrico, VA
The median home value in Henrico, VA is $413,916 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.5% compared to a year ago and up 1.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Henrico are priced1% above average. Henrico is part of the Richmond, VA metro area.
Over the past five years, Henrico home values have risen by approximately27.6%, reflecting strong long-term appreciation in this market.
Price History
Henrico Home Price Trend
City Comparison
Henrico vs. National Median
At $413,916, homes in Henrico cost 1% above the national median of $410,000. Buyers in Henrico should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Henrico?
20% Down Payment
$82,783
on $413,916
Monthly P&I
$2,159/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,742/mo
incl. taxes & insurance
Income Needed
$109,680
gross annual (30% rule)
10% Down Option
$41,392
+ PMI applies
Loan Amount (20% dn)
$331,133
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Henrico, VA?
The median home value in Henrico is $413,916 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.5% year-over-year.
How much have home prices changed in Henrico?
Over the past year, home values in Henrico have increased by 1.5%. Over five years, prices have risen approximately 27.6%.
How much do I need to earn to buy a home in Henrico?
To comfortably afford the median home price of $413,916 with a 20% down payment ($82,783) at today's rates (6.8%), you'd need a gross annual income of approximately $109,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Henrico compare to the national average home price?
The national median home value is approximately $410,000. At $413,916, homes in Henrico are 1% above the national average.
What metro area is Henrico part of?
Henrico is part of the Richmond, VA metropolitan area. Home prices and market conditions can vary across the broader metro region.