Counties / Virginia / Goochland County

Goochland County, VA

FIPS 51075 · population 26,410 · part of Richmond, VA

$593k
Zillow home value · 2026-06
The numbers

What this county costs and earns

Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.

Zillow home value
$593k
▲ 3.3% year over year
Zillow ZHVI · direct
Median asking rent
$2,001
▲ 4.9% year over year
Zillow ZORI · direct
Gross yield
4.0%
annual rent ÷ price, before costs
derived: rent × 12 ÷ price ✓
HUD 2-bed standard
$1,655
market rent is 1.21x the standard
HUD Fair Market Rent · direct
Independent price check

Do two methods point the same way?

Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.

Both annual signals move in the same direction
FHFA five-year cumulative+48.8%not annualized · through 2025
0%ZILLOW ZHVI2026-06+3.3%FHFA HPI2025+1.8%
Annual changes use different methods and may use different periods. The comparison checks direction and magnitude; it does not create a blended estimate. Zillow county ZHVI pulled 2026-07-26; FHFA annual county HPI pulled 2026-07-28.
Owner-reported value$501k
Surveyed gross rent$1,614
Rent burden 30%+33.7%
Median year built2000
Housing composition

Who occupies the stock—and what it is

ACS 2024 5-year
7.7%vacant
11,208estimated housing units
Occupied tenure15.1% renter
owner 84.9%renter 15.1%
Structure mix88.8% single-family
Single-family 88.8%20+ units 4.9%Mobile home 4.1%Other 2.2%
ACS estimates describe the standing housing stock and occupied tenure. They do not measure current listings, transaction prices or asking rents.

Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.

Annual average covered jobs18,893▲ 1.2% from the prior annual release
Covered establishments1,015annual average reporting locations
Average weekly wage$2,480▲ 8.9% from the prior annual release
Largest private supersectorProfessional and business services17.7% of disclosed private covered jobs
Local labor base

Jobs, pay and private-sector concentration

2025
0%COVERED JOBS+1.2%WEEKLY WAGE+8.9%Professional and business services17.7%
Annual QCEW counts cover jobs located at reporting establishments. The industry share uses disclosed private covered employment; it is not a resident-employment measure or a forecast.

Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2025 vs 2024 · pulled 2026-07-31. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.

County brief

What the local evidence says

01Decision frame

Goochland County’s decision tension is a high entry value versus thin pre-expense income: Zillow’s June 2026 median home value was $593,239 and median asking rent was $2,001 per month, yielding a supplied 4.05% gross yield before operating costs. Investors requiring immediate durable cash flow should be cautious; investors evaluating specific low-cost or value-add assets should investigate. The county-level figures do not establish neighborhood rents, condition, or deal-level expenses.

02Housing economics

At the Zillow county observation, asking rent rose 4.86% year over year while its home-value measure rose 3.32%, a favorable relative movement but not proof of net-income growth. The effective property-tax rate is 0.50%, a carrying cost to apply to an assessed-property review rather than treat as a full expense estimate. HUD’s two-bedroom FMR is $1,655 per month, a payment standard rather than market rent. FHFA’s 2025 repeat-transaction HPI increased 1.79%; it is not a value and, with a different vintage and method, cannot be averaged with Zillow’s change.

03Demand & competition

Realtor.com’s June 2026 MLS listing market shows 97 active listings, up 21.38%, while median listing price was down 5.77% and 12.27% of listings had price reductions. These are visible supply, asking-price, and seller-concession measures—not closed-sale prices or independent proof of buyer demand. Tax-return migration was net positive by 547 households, and the incoming-versus-outgoing mover average-income gap was $42,483, suggesting a potentially better-resourced inbound cohort but not tenant demand. Non-occupant investors made 12 of 387 purchase mortgages, limiting evidence of broad investor competition.

04Risk & next checks

The dominant reported hazard is inland flood, consistent with modeled annual climate loss of 0.09% of building value; county averages cannot substitute for parcel flood zone, elevation, deductible, insurance quote, or drainage review. QCEW reports covered jobs at county workplaces, not resident employment or an unemployment measure; Professional and business services is the largest disclosed private supersector, not the whole economy. Without submarket vacancy, achieved rents, insurance, utilities, financing terms, assessed value, and property condition, net yield and downside capacity cannot be underwritten. Verify sale comps, lease comps, flood exposure, and every operating-cost line before a property-level conclusion.

Cities & communities

Where people live within Goochland County

Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.

Population scale

Largest Census places

ACS 2024 5-year
Goochland CDP1.2K
Bars use total place population, not a county-share estimate. An asterisk marks a place that crosses a county line.
Official directory

1 Census places

Population
  1. 01
    Goochland CDPCensus-designated place
    1,182

Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.

Risk, demand and competition

The three things a price does not tell you

01
Risk & carrying costFEMA NRI + Census ACS
Dominant hazardinland flooding

0.095% of building value expected lost per year

Effective property tax0.50%

$2,496 median annual bill

02
DemandIRS SOI household flows
Net migration+547

1,475 in · 928 out

Arriving vs leaving income+$42,483

$148,352 arriving · $105,869 leaving

03
CompetitionHMDA financed purchases
Purchases by investors3.1%

12 of 387 mortgages

investorother financed
Current listing pressure

What sellers and visible supply are doing

Realtor.com® Economic Research · county inventory 2026-06 · pulled 2026-07-28
Active listings97▲ 21.4% year over year
Median days on market46▼ 7.6% year over year
Listings price-reduced12.3%seller-concession signal
Median listing pricen/a▼ 5.8% year over year

Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.

Same metro

The other counties in Richmond, VA

A metro is an average of these. Which side of a county line a property sits on can change the tax bill, the hazard profile and the tenant pool.

CountyPopulationPriceRentYieldHazard
Goochland County26,410$593k$2,0014.0%inland flooding
Chesterfield County377,869$417k$1,9265.5%inland flooding
Henrico County335,744$406k$1,8405.4%inland flooding
Richmond city229,359$375k$1,6775.4%inland flooding
Hanover County112,879$465k$2,1105.5%inland flooding
Prince George County43,146$363k$1,6585.5%inland flooding
Petersburg city33,537$202k$1,3257.9%inland flooding
Powhatan County31,555$505k$1,8924.5%inland flooding
Dinwiddie County28,191$305kn/an/ainland flooding
Bear case

What can break the county thesis

  1. Parcel-level flood exposure and insurance costs could materially exceed the county-level climate-loss indication.
  2. Published asking rents may not translate into achieved rents, occupancy, or sufficient net cash flow after operating costs.
  3. Migration and listing evidence may not persist or may not apply to the target neighborhood and property type.
Underwriting questions

Before pricing a property

Is the reported rent a market-rent estimate or a HUD payment standard?

It is a published median asking-rent measure; HUD FMR is separately reported as a payment standard, not market rent.

Does the record establish that supply is scarce?

No. The MLS evidence shows active listings increased, while listing prices and price reductions describe seller-side conditions rather than closed transactions.

Can net cash yield be calculated from this record?

No. A gross yield is supplied, but vacancy, achieved rent, insurance, utilities, financing, repairs, and property-specific condition are not published.