The story of this market
The typical home in ZIP 23148 sells for about $425,000, or $215 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 32 days to sell. HUD's fair market rent for a two-bedroom is $966 a month.
ZIP 23148 — Saint Stephens Church
The housing market in 23148 remains stable with moderate price appreciation and consistent demand. Low inventory levels continue to support pricing, though buyers are increasingly sensitive to interest rate fluctuations.
This ZIP is well-suited for families and professionals seeking a suburban environment with access to quality schools and moderate commute times to regional employment centers.
Median prices moved up 2.4% year over year.
Homes spend a median of 32 days on market with 4.0 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 8.4% · poverty 11.9% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 23148, Henrico County VA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in this area remain lower than the regional average, with property crime being the primary concern. Local law enforcement reports stable trends over the past year.
Schools serving this ZIP are generally well-regarded, with several institutions maintaining high performance ratings in state assessments.
The area faces moderate risk from seasonal weather events, primarily wind and localized heavy rain, with standard insurance coverage widely available.
Economic momentum is supported by proximity to regional employment hubs and steady residential development, though large-scale industrial expansion is limited.
Property taxes are assessed at the county level based on fair market value, with standard exemptions available for primary residences and seniors.
Residents primarily commute by car to nearby employment centers, with average commute times reflecting typical suburban traffic patterns.
The area features several community parks, walking trails, and proximity to local shopping centers and dining districts within a 3-mile radius.
The rental market is characterized by steady demand and low vacancy rates, with limited short-term rental activity reported.
The local economy is anchored by professional services, healthcare, and retail sectors, benefiting from its location in the Richmond metropolitan area.
The area is served by major highway corridors providing access to Richmond, with limited public transit options available.
Development is focused on infill residential projects and the modernization of existing commercial corridors.
Parcels are subject to standard county-level school and general service district taxes.
Property insurance premiums are stable, reflecting the area's moderate risk profile for natural hazards.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Large community park with sports fields and trails.
Major regional shopping and dining destination.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.