23228 — Henrico County, Virginia Market Snapshot
Housing market data for zip code 23228 in Henrico County, Virginia. Updated monthly with median prices, days on market, and more.
Market Sales Data
10 sales in 2026 (year to date)
Median Sale Price
$210,000
Days to Sell
21
Homes Sold
10
Inventory
4
Sale-to-List
98.8%
New Listings
22
Price/SqFt
$217
Pending Sales
17
Conforming Loan Available
Most homebuyers in 23228 can comfortably use conventional financing. The median home price of $210,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
Homes in 23228 are moving quickly at 21 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 23228 (98.8% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 23228 can comfortably use conventional financing. The median home price of $210,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 23228 are set at the county level.
2026 Loan Limits — Henrico County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $707,250 |
| 2 Units | $1,066,250 | $905,400 |
| 3 Units | $1,288,800 | $1,094,450 |
| 4 Units | $1,601,750 | $1,360,100 |
Affordability Snapshot — Zip 23228
To purchase the median home at $210,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,759.
Monthly Payment
$1,759
Income Required
$75,384
Principal & Interest
$1,294/mo
Down Payment (5%)
$10,500
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 23228.
Estimated Monthly Payment
$1,450
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