Home Values

23233 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$301,300

  • 3.8% 1-year change
  • 3.0% 1-year forecast

The median home value in 23233 is $301,300. 23233 home values have gone up 3.8% over the past year and Zillow predicts they will rise 3.0% within the next year. The median list price per square foot in 23233 is $138, which is higher than the Richmond Metro average of $118. The median price of homes currently listed in 23233 is $333,000 while the median price of homes that sold is $313,850. The median rent price in 23233 is $1,325, which is higher than the Richmond Metro median of $1,050.

Foreclosures will be a factor impacting home values in the next several years. In 23233 2.9 homes are foreclosed (per 10,000). This is lower than the Richmond Metro value of 4.1 and also lower than the national value of 3.9

With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 23233 homeowners underwater on their mortgage is 9.6%, which is lower than Richmond Metro at 22.2%.

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Relative ZHVI
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23233 Market Overview

Data through Feb 28, 2015
  • $301,300 ZHVI
  • 3.0% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Feb 29, 2016)
  • $333,000 Median listing price
  • $313,850 Median sale price
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23233 Market Health

Data through Feb 28, 2015
  • 7.7/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 9.6% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.3% US Avg)

Homes foreclosed (per 10,000)

2.9 homes 23233
4.1 homes Richmond Metro
3.9 homes United States
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Nearby Zip Codes

Name Median ZHVI
23113 $389,200
23059 $349,300
23226 $262,700
Name Median ZHVI
23146 $255,100
23238 $252,100
23229 $243,600
Name Median ZHVI
23060 $230,000
23294 $169,000
23228 $146,300

Listings & Sales

Data through Feb 28, 2015
  • $138 Median list price / sq ft
  • $131 Median sale price / sq ft
  • 10.7% Listings with price cut
16.1%
Sold below listing
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23233 Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,774 23233
    $1,336 Richmond Metro
    $1,355 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,325 Rent list price
  • $0.92 Rent list price / sq ft
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