Zip 23116 (Mechanicsville, VA) Housing

Housing in Mechanicsville, VA (zip code 23116) is more expensive than the national median house value of $338,100. According to recent data, the median house value in Mechanicsville is $408,600. The appreciation rate over the last year has also been much higher than the national average of 8.27%, standing at 11.54%. This indicates that housing values in Mechanicsville have increased significantly in recent times and suggests that living costs are higher in Mechanicsville compared to other parts of the country.

The median home cost in Mechanicsville (zip 23116) is $408,600. Home appreciation the last 10 years has been 70.2%. Home Appreciation in Mechanicsville (zip 23116) is up 15.6%.

Average Age of Homes

- The median age of Mechanicsville (zip 23116) real estate is 25 years old

The Rental Market in Mechanicsville (zip 23116)

- Renters make up 8.6% of the Mechanicsville (zip 23116) population
- 0.2% of houses and apartments in Mechanicsville (zip 23116), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Mechanicsville, Virginia	United States
	11,680.0	139,647,020.0
	28	42
	$408,600	$338,100
	15.6%	16.6%
	48.1%	57.0%
	70.2%	101.1%
	$7.26	$10.98
	$2,433	$2,690
	85.7%	57.4%
	3.4%	11.2%
	10.9%	31.4%
Vacant Housing
	0.2%	1.9%
	0.0%	0.4%
	0.9%	0.7%
	0.3%	0.4%
	0.4%	3.6%
	1.7%	4.1%
Value of Owner-Occupied Housing
	0.2%	2.6%
	1.6%	2.4%
	0.0%	2.8%
	0.1%	3.9%
	0.2%	4.5%
	1.2%	11.3%
	6.0%	13.0%
	27.3%	20.1%
	38.3%	13.6%
	16.5%	8.3%
	6.8%	9.7%
	1.1%	3.9%
	0.7%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	16.2%	13.6%
	16.2%	13.6%
	29.2%	13.6%
	14.6%	13.2%
	13.8%	14.8%
	29.2%	13.6%
	2.5%	10.0%
	2.2%	4.7%
	1.0%	12.2%

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