Henrico County, Virginia home prices
Typical home $397,454 · +1.8% in a year · property tax 0.71%
The typical home in Henrico County is worth $397,454, 4% less than the Virginia typical home ($412,252). Values changed +1.8% in the past year and +26.2% over five years. Homeowners here pay a median 0.71% of their home's value in property tax each year ($2,838 on the typical home), versus 0.71% statewide.
Mortgage on the typical Henrico County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $79,491 | $317,963 | $2,139 | $0 | $435 | $2,574 | $110,300 |
| 10% down | $39,745 | $357,709 | $2,406 | $149 | $435 | $2,991 | $128,200 |
| 5% down | $19,873 | $377,582 | $2,540 | $157 | $435 | $3,133 | $134,300 |
| 3.5% down (FHA) | $13,911 | $390,255 | $2,625 | $176 | $435 | $3,236 | $138,700 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.71% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Virginia · part of the Richmond metro area.
Virginia counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Lancaster County | $397,428 | +5.6% | 0.48% |
| Warren County | $394,470 | +3.0% | 0.52% |
| Suffolk City | $387,665 | +2.8% | 0.93% |
| Chesterfield County | $410,086 | +2.6% | 0.76% |
| Isle of Wight County | $383,688 | +2.2% | 0.7% |
| Greene County | $382,417 | +1.2% | 0.61% |
| Orange County | $380,385 | +1.8% | 0.55% |
| Williamsburg City | $414,600 | +3.4% | 0.59% |
| Middlesex County | $380,242 | +1.2% | 0.5% |
| Gloucester County | $375,131 | +4.0% | 0.57% |
Frequently asked questions
What is the average home price in Henrico County, VA?
The typical home value in Henrico County is $397,454 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Henrico County?
About $110,300 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Henrico County?
The median effective rate is 0.71% of home value a year (Census ACS 2024 5-year estimates).