Henrico, VA housing market update: prices, inventory, and upcoming public hearings
Henrico, VA – March 4, 2026 – Prices are steady with slower turnover. Inventory remains active, and upcoming hearings could shape new projects.
Market signals in Henrico are mixed heading into spring. Recent data points suggest home values are relatively steady, while transactions are taking longer to move from listing to closing. For buyers, that can translate into more time to evaluate neighborhoods and compare comparable sales. For sellers, it can place more weight on realistic pricing and strong listing prep to stand out among active inventory.
Market snapshot (January 2026)
- Redfin reported a $379K median sale price (Jan 2026), about 1% lower year over year.
- Homes averaged 36 days on market in January, slower than last year.
- Zillow estimated a typical home value near $395K (+1.2% YoY) with 311 homes for sale as of Jan. 31.
- Asking rents averaged about $1,631 at the end of January.
Viewed together, those figures point to a market where pricing has not swung dramatically, but turnover has cooled compared with a year ago. Inventory remains active, and new options can matter for shoppers tracking specific school zones or commute patterns.
Development and zoning watch
Henrico Planning Commission and zoning hearings are scheduled in the coming weeks, where rezoning and provisional use permit requests can move forward. Tracking upcoming agendas can help residents and property owners stay aware of proposals that may influence traffic patterns, density, and nearby property values over time.
What to watch next
If shopping this spring, compare days-on-market and price-per-square-foot across neighborhoods, and pay close attention to how quickly new listings attract showings. Zillow counted 111 new listings as of Jan. 31, which can change the feel of competition week to week depending on where homes are coming on the market.
On the rental side, asking rents provide a broad benchmark, but lease terms and renewal pricing can still vary widely by property type and location.