
Home Price Key
These days, finding an affordable place to live in the Henrico area can be challenging. Home prices in Henrico are now at a median cost of $340,278, higher than the North Carolina average of $226,477.
The average cost of rent is $1,171/mo in Henrico, primarily driven by the current value of real estate in the Henrico area. While nearly 43.74% of residents own their homes outright in Henrico, 8.54% rent.
Housing affordability isn’t just about home prices, though. The average household income in Henrico is $5,380 per month. Households that rent pay about 21.77% of their income on rent here. Henrico's most expensive areas are in the western regions, while the cheapest areas are in the northeastern parts of the city.
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