Rental numbers for Henrico County, VA
The typical home here runs -$1,308 a month at 7.78% with 25% down, breaking even at about 0.1%. 0 of 11 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 5.4%.
- Gross yield
- 5.4%
- typical home, Zillow
- Median ZIP yield
- 5.4%
- 11 ZIPs with full data
- Cash flow
- -$1,308/mo
- at 7.78%, 25% down
- Typical price
- $400,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,801/mo
- Zillow ZORI, Aug 2026
ZIP codes in Henrico County
12 with published figures
| 23075Highland Springs | $259,000 | $1,666 | 7.7% | 4.3% | -$474 | n/a |
| 23223Richmond | $298,000 | $1,494 | 6.0% | 2.9% | -$878 | +4.9% |
| 23231Henrico | $336,000 | $1,678 | 6.0% | 3.0% | -$956 | +3.4% |
| 23228Lakeside | $332,000 | $1,655 | 6.0% | 3.0% | -$958 | +1.8% |
| 23150Sandston | $321,000 | $1,540* | 5.8% | 2.8% | -$986 | n/a |
| 23294Henrico | $361,000 | $1,645 | 5.5% | 2.5% | -$1,192 | -0.2% |
| 23230Henrico | $421,000 | $1,888 | 5.4% | 2.5% | -$1,385 | +1.3% |
| 23060Glen Allen | $455,000 | $2,013 | 5.3% | 2.5% | -$1,499 | +2.7% |
| 23227Henrico | $397,000 | $1,576 | 4.8% | 1.9% | -$1,500 | +4.9% |
| 23233Henrico | $539,000 | $1,991 | 4.4% | 1.8% | -$2,099 | +0.9% |
| 23238Henrico | $502,000 | $1,809 | 4.3% | 1.7% | -$1,981 | +0.6% |
| 23229Henrico | $527,000 | $1,843 | 4.2% | 1.6% | -$2,144 | +2.2% |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +1.7%
- Rent, 12 months
- +1.9%
- Rent minus price growth
- +0.2 pts
- Property tax
- 0.71%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $317,108 | $1,462 |
| Aug 2022 | $356,606 | $1,656 |
| Aug 2023 | $371,577 | $1,639 |
| Aug 2024 | $387,920 | $1,718 |
| Aug 2025 | $393,449 | $1,767 |
| Aug 2026 | $400,287 | $1,801 |
HUD Fair Market Rent
FY2027, Richmond, VA HUD Metro FMR Area
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,456 | $1,517 | $1,651 | $2,039 | $2,499 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 13.9
- 1,908 units, last 12 months
- National percentile
- 81th
- among US counties
Tools
Test a listing in Henrico County against today's rate.
Open the calculatorPart of the Richmond, VA metro.
Questions
- Is Henrico County good for rental property?
- The typical home here runs -$1,308 a month at 7.78% with 25% down, breaking even at about 0.1%. 0 of 11 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 5.4%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Henrico County?
- About 0.71% of value, from Census ACS median taxes paid over median home value. On a $400,000 home that is about $2,858 a year.
- What is Fair Market Rent in Henrico County?
- HUD's FY2027 Fair Market Rent here is $1,517 for a 1-bedroom, $1,651 for a 2-bedroom and $2,039 for a 3-bedroom. Typical cash flow at today's rate is -$1,308 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.