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Affordable
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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 $421,882, higher than the North Carolina average of $323,314.
The average cost of rent is $938/mo in Henrico, primarily driven by the current value of real estate in the Henrico area. In Henrico, 8.31% of households rent, and 55.03% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Henrico is $7,428 per month. Households that rent pay about 12.63% of their income on rent here. Henrico’s most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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