Henrico, NC

Henrico County is located in the Richmond, VA metropolitan area. The population of Henrico was estimated to be around 298,000 in 2016. The county has a total area of 1,318 square miles and is home to many affluent neighborhoods including Short Pump, Glen Allen, and Highland Park. Henrico County is also home to several large commercial centers including the I-95 corridor and the Dominion Energy Center.

Real estate in Henrico County is highly sought after due to its proximity to major metropolitan areas such as Richmond and Washington D.C., as well as its affluent neighborhoods and commercial centers. The median sales price for homes in Henrico County was $269,900 in 2016 according to the Realtors Association of Northern Virginia (RANV). This represents a growth rate of 5% over the past year and a half. In addition, there are currently more than 930 active listings for homes in Henrico County according to RANV which indicates that demand for real estate in this county remains high.

One reason why real estate prices have continued to rise in Henrico County is because of the strong economy that Virginia has experienced over the past few years. Additionally, there are many new developments being built or planned within the county which will add even more housing options for buyers. One example of this is Lakeside at Short Pump which will include nearly 1,000 homes when it is completed later this year.

While there are many reasons why real estate prices have increased in Henrico County over recent years, one potential obstacle that could dampen demand would be if interest rates were to increase significantly from their current low levels. If this were to happen then buyers who are already interested in purchasing a home could find themselves facing higher costs associated with financing a purchase or selling their current home if they decide they want to move within the next few years.