27842, Henrico, NC

Henrico County, located in the Richmond metropolitan area, has a population of over 267,000 people. The 27842 zip code covers a total area of approximately 10 square miles and has a median household income of $86,821. Home equity is an important part of many homeowners' lives and can provide them with financial stability during difficult times.

According to the 2016 American Community Survey (ACS), the median home value in Henrico County is $212,500. This represents an increase of 6.5% from the 2015 ACS median home value of $205,200. The 27842 zip code has a higher median home value than the national average (median home value: $183,800) and all but one other zip code in Henrico County. The only other zip code with a higher median home value is Henrico City ($228,600).

Henrico County ranks fourth in Virginia for percentage increase in home values from 2015 to 2016 (6.5%). Nationwide, the average increase was 3%. The highest percentage increases were seen in Douglas County (+14%), Loudoun County (+11%), and Fairfax County (+10%). In contrast, Chesterfield County (-4%) had the lowest percentage increase nationwide while Albemarle County (-7%) had the lowest percentage increase among Virginia counties.

The 27842 zip code also ranks first among all zip codes in Henrico County for percent change in home values from 2014 to 2016 (15%). Nationwide, the percent change was 8%. The highest percent change was seen in Arlington Heights (+40%), Falls Church (+36%), and McLean/Tysons Corner (+35%). In contrast, Chesterfield/Eldersburg (-10%) had the lowest percent change nationwide while Hanoverton (-12%) had the lowest percent change among Virginia counties.