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Mechanicsville CDP, VA

ZIP 23116 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 23116

Median Home Value
$405,900
Median Rent
$1,828
Affordability Snapshot
$112,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,607/mo PITI).

16%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

18.5 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 23116 in Mechanicsville CDP, VA, a household would need roughly $112,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,607. That sits below the local median household income ($139,029), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
90.6%+39% vs US avg
x
Vacancy Rate
1.7%-83% vs US avg
x
Broadband Access
94.8%+9% vs US avg
x
4+ Bedrooms
13.3%-10% vs US avg
x
Built Pre-1939
2.8%-78% vs US avg
x
Built Post-2014
1.4%-79% vs US avg
x
Rent Burden >30%
15.7%-68% vs US avg
x
Mortgage-Free
26.8%-30% vs US avg
x
$405,900
Home Value
$1,828
Rent
1993
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached89.4%
  • 1-unit attached6.3%
  • 2-9 units2.1%
  • 10+ units2.0%
  • Mobile home & other0.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$405,900
Median rent$1,828
Owner-occupied90.6%
Vacant1.7%
Price-to-income2.9x
Est. income to buy$112,000