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

$300,500

  • 4.3% 1-year change
  • 2.6% 1-year forecast

The median home value in 23233 is $300,500. 23233 home values have gone up 4.3% over the past year and Zillow predicts they will rise 2.6% within the next year. The median list price per square foot in 23233 is $142, which is higher than the Richmond Metro average of $117. The median price of homes currently listed in 23233 is $325,000 while the median price of homes that sold is $313,600. 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 2.7 homes are foreclosed (per 10,000). This is lower than the Richmond Metro value of 4.4 and also lower than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 23233 is 1.2%, which is lower than the national value of 6.4%. 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 21.4%.

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Relative ZHVI
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23233 Market Overview

Data through Jan 31, 2015
  • $300,500 ZHVI
  • 2.6% 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
    (Jan 31, 2016)
  • $325,000 Median listing price
  • $313,600 Median sale price
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23233 Market Health

Data through Jan 31, 2015
  • 8.6/10 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.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 9.6% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 1.2% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

2.7 homes 23233
4.4 homes Richmond Metro
4 homes United States
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Nearby Zip Codes

Name Median ZHVI
23113 $415,200
23059 $370,200
23146 $271,500
Name Median ZHVI
23238 $261,800
23226 $260,400
23229 $249,300
Name Median ZHVI
23060 $239,900
23294 $177,300
23228 $148,700

Listings & Sales

Data through Jan 31, 2015
  • $142 Median list price / sq ft
  • $135 Median sale price / sq ft
  • No data Listings with price cut
8.3%
Sold below listing
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23233 Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $1,789 23233
    $1,332 Richmond Metro
    $1,350 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
  • $0.85 Rent list price / sq ft
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