1st Advantage MortgageAbout 64% of Henrico County homes are owner-occupied, and the median household income is $88,783. Those figures describe the county, not you: compare at least three written offers by APR and total cost, and confirm the lender's license before you apply.
On this page
- Henrico County, VA: the basics
- Housing costs in Henrico County
- Paychecks and income spread in Henrico County
- The Henrico County job picture
- Counties near Henrico County
- Henrico County towns compared
- Budget math at the Henrico County median
- More Henrico County figures
- Before borrowing in Henrico County
- Lender oversight for Henrico County
- Before you sign
- Nearby and statewide guides
- Frequently asked questions
Henrico County, VA: the basics
The latest five-year Census estimate puts Henrico County's population at 335,744; only 5 of Virginia's 133 county-level areas are larger. Packed into 234 square miles, that is close to 1,437 residents for every square mile of land. The federal metro definitions (OMB, July 2023) place it in the Richmond, VA metropolitan area. Tuckahoe is the biggest of its 13 Census places, at roughly 49,183 people (15% of the county total).
Housing costs in Henrico County
A typical Henrico County rental runs $1,541 a month including utilities, which is 2% below Virginia. 52% of renting households spend 30% or more of income on rent, and 24% spend half or more. With a median value of $359,200, a typical Henrico County house costs 4.0 times what the median household earns in a year. Owners occupy 64% of homes. Median construction year: 1985.
| Home costs | Henrico County | Virginia | U.S. middle county |
|---|---|---|---|
| Median gross rent | $1,541/mo | $1,579/mo | $877/mo |
| Median home value | $359,200 | $383,700 | $185,300 |
| Owners | 64% | 67% | 75% |
| Rent-burdened renters | 52% | 49% | 45% |
| Burdened owners | 23% | 25% | n/a |
| Mobile homes | 0.3% | 4.3% | n/a |
High rent burdens leave little slack. If you are borrowing to consolidate, make sure the new payment is lower than the ones it replaces.
Paychecks and income spread in Henrico County
At $88,783, the typical Henrico County household income is 35% above the median U.S. county ($65,681).
| Household income | Henrico County | vs Virginia |
|---|---|---|
| Under $35,000 | 16.4% | -1.5 pts |
| $35,000 to $99,999 | 39.0% | +3.8 pts |
| $100,000 to $199,999 | 28.9% | -0.2 pts |
| $200,000 or more | 15.7% | -2.0 pts |
About 16% of households earn under $35,000, while 45% clear $100,000. 8.8% of residents fall below the federal poverty line (statewide: 9.9%). For a borrower in Henrico County, the county median is only context: a lender looks at the income you can document, so pay stubs, benefit letters or tax returns matter more than any average.
The Henrico County job picture
By the Census industry count, 23% of employed Henrico County residents work in education and health care and 15% in professional and administrative services. The sharpest difference from the state is in finance, insurance and real estate, at 12% locally and 7% for Virginia. The survey's unemployment rate for Henrico County averages 3.9% over 2020 to 2024 (state: 4.3%). 8% of commuters travel 45 minutes or more each way, and 22% work from home.
| Industry | Share of Henrico County workers | vs Virginia |
|---|---|---|
| Education and health care | 22.6% | +0.3 pts |
| Professional and administrative services | 14.8% | -2.0 pts |
| Finance, insurance and real estate | 11.9% | +5.4 pts |
| Retail trade | 11.5% | +1.7 pts |
| Arts, lodging and food service | 7.3% | -0.7 pts |
| Public administration | 6.2% | -2.7 pts |
If your hours swing with the season or with overtime, size a loan payment against your base pay, not your best month.
Counties near Henrico County
Distances run center to center, from Hopewell city at 10 miles out to Petersburg city at 17. Income ranges from $50,698 in Petersburg city to $101,931 in Chesterfield County; 1 of these neighbors top Henrico County's median.
| Neighbor | Distance | Income | Rent | Own |
|---|---|---|---|---|
| Henrico County | - | $88,783 | $1,541/mo | 64% |
| Hopewell city, VA | 10 mi | $54,729 | $1,106/mo | 58% |
| Richmond city, VA | 12 mi | $64,587 | $1,372/mo | 44% |
| Colonial Heights city, VA | 13 mi | $76,505 | $1,234/mo | 68% |
| Charles City County, VA | 15 mi | $75,417 | $1,099/mo | 86% |
| Chesterfield County, VA | 16 mi | $101,931 | $1,629/mo | 77% |
| Petersburg city, VA | 17 mi | $50,698 | $1,174/mo | 39% |
Henrico County towns compared
Here are the 13 most populous of the county's 13 Census places, with income and rent from the same 2020 to 2024 survey. About 61% of Henrico County residents live in one of the 13. Among places of 500 or more people, median income runs from $49,550 in Montrose to $235,250 in Wyndham. Rent is cheapest in Sandston ($1,211) and steepest in Wyndham ($2,258). This guide covers each of the 13 places and the rural areas around them.
| Name | Kind | Pop. | Income | Rent | Miles |
|---|---|---|---|---|---|
| Tuckahoe | CDP | 49,183 | $102,264 | $1,536 | 19 mi |
| Short Pump | CDP | 29,026 | $138,845 | $1,847 | 23 mi |
| Laurel | CDP | 18,721 | $73,609 | $1,616 | 18 mi |
| Glen Allen | CDP | 17,551 | $92,723 | $1,804 | 19 mi |
| East Highland Park | CDP | 15,265 | $64,681 | $1,318 | 11 mi |
| Highland Springs | CDP | 14,296 | $57,599 | $1,269 | 8 mi |
| Lakeside | CDP | 12,654 | $72,032 | $1,361 | 16 mi |
| Wyndham | CDP | 12,099 | $235,250 | $2,258 | 24 mi |
| Innsbrook | CDP | 8,578 | $129,436 | $1,661 | 21 mi |
| Montrose | CDP | 8,285 | $49,550 | $1,297 | 7 mi |
| Dumbarton | CDP | 7,997 | $60,169 | $1,421 | 17 mi |
| Sandston | CDP | 7,399 | $59,238 | $1,211 | 5 mi |
| Chamberlayne | CDP | 4,692 | $97,544 | $1,212 | 15 mi |
A CDP is a named community without its own municipal government.
Budget math at the Henrico County median
Lenders compare monthly debt payments with gross monthly income, the debt-to-income ratio. For a Henrico County household at the medians it works out like this; treat it as an illustration only.
- $7,399 a month: gross income for a household at the Henrico County median
- Less median rent of $1,541, which is 21% of it
- Under a 36% cap, $2,663 total minus rent leaves $1,122
Two-income households and single earners in Henrico County land in very different places on this math, so run it for your own budget.
More Henrico County figures
Degree holders: 47% of adults over 25. 6.3% of residents have no health coverage.
| Residents | Henrico County | Virginia | Middle U.S. county |
|---|---|---|---|
| Median age | 39.4 | 39.0 | 41.5 |
| Bachelor's or higher | 46.5% | 42.2% | 22.2% |
| No high school diploma | 6.7% | 8.4% | n/a |
| No health insurance | 6.3% | 6.9% | 7.8% |
| No vehicle | 5.8% | 6.1% | 5.4% |
| Work from home | 22.3% | 18.3% | 8.7% |
| Poverty rate | 8.8% | 9.9% | 13.2% |
| Unemployment (ACS) | 3.9% | 4.3% | 4.4% |
| Trip time | Share |
|---|---|
| Under 15 min | 25.5% |
| 15 to 29 min | 48.0% |
| 30 to 44 min | 19.0% |
| 45 to 59 min | 3.5% |
| 60+ min | 4.0% |
Before borrowing in Henrico County
The county's numbers point to a few situations that come up often for Henrico County borrowers.
- Strong incomes, long terms. 45% of Henrico County households earn $100,000+. The risk is a term that outlasts the need.
- 52% rent-burdened. A payment on top of high rent needs a cushion; size it with the calculator.
- Consolidating cards in Henrico County. Compare the total repaid, not the monthly figure (how).
Lender oversight for Henrico County
Before sharing details with a lender, a Henrico County resident can confirm its license with the Virginia Bureau of Financial Institutions. Federal complaints: consumerfinance.gov. More on Virginia: Virginia personal loans.
Before you sign
Four checks before you sign anything:
- Write down what the expense costs; a smaller loan costs less.
- Collect three written offers and compare APR and total repaid.
- Look the lender up with the state regulator first.
- Ask a Henrico County credit union about member loans.
Nearby and statewide guides
The Virginia guide covers the whole state.
Frequently asked questions
What is the median household income in Henrico County?
$88,783 a year in the 2020 to 2024 Census survey, versus $93,170 for Virginia. It ranks 33rd of 133 in the state.
How does Henrico County rent compare with Virginia?
$1,541 locally versus $1,579 for the state, 2% below.
What are the biggest places in Henrico County?
By population: Tuckahoe, Short Pump, Laurel, Glen Allen, East Highland Park. The county has 13 Census places in all.
Does living in Henrico County change what I qualify for?
Not in our fit check, which uses only the amount, credit range, income and payments you enter, the same for a Henrico County resident as anyone. Lenders decide under fair-lending law.
Where can someone in Henrico County check a lender's license?
With the Virginia Bureau of Financial Institutions. If a lender is unlicensed or asks for a fee before funding, walk away.