RANK #723 / 1001 NAT · #22 / 37 VA · POP 335,744
1YR FORECAST: +0.6%
5YR OUTLOOK: +25%
Henrico County, Virginia, one of the oldest counties in the United States, wraps around the city of Richmond to its west, north, and east. The county is known for communities like Short Pump and Innsbrook, which have been recognized for their quality of life. Commuting options include a bus network, and Richmond International Airport is located within the county. Henrico offers a variety of outdoor recreation opportunities, with numerous parks, recreation facilities, and access to the James River.
Life in Henrico County blends suburban living with access to urban amenities. The county's public schools are recognized for their academic programs, including five International Baccalaureate schools. Recent economic developments show investment in sectors such as advanced manufacturing and data centers, contributing to job growth and a diverse economy. The county also focuses on developing public spaces and walkable neighborhoods.
Henrico County is one of 110 U.S. counties in this market profile — weaker than typical on the BoomTown Index. Within this cohort, its recent home-price change of +1.3% runs below the profile's typical +2.4%.
See all 110 Educated Suburban Growth counties →Overvalued relative to economy
Below national median
Below-average climate & terrain
Above national median (15x)
Housing looks overvalued at 8.5x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.
Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.
Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).
Source: Redfin · Census BPS — Browse sales on Redfin →
Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →
Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →
| PROJECT | AMOUNT | STATUS |
|---|---|---|
|
Meta Henrico Data Center
Meta Platforms, Inc.
|
$1,700M | Operating |
|
Iron Mountain Data Center Campus (RCH-1 through RCH-4)
Iron Mountain
|
$1,000M | Under Construction |
|
Hourigan Data Center Campus
Hourigan
|
$500M | Proposed |
|
Amazon Robotics Fulfillment Center (RIC 4)
Amazon
|
$100M | Operating |
|
Eaton Manufacturing Expansion
Eaton
|
$50M | Planned |
|
Darbytown Storage Pilot Project (Battery Storage)
Dominion Energy
|
$50M | Planned |
Source: public records, news, corporate announcements. Amounts are estimates where noted.
Bars show percentile rank among all 1001 counties.
At 27/100, Henrico County faces headwinds that place it in the lower third of the 1001 counties we track. Median income of $88,783 combined with job growth of +3.0% suggests the local economy is struggling to keep pace with national trends.
Henrico County leans toward the expensive side. A median home value of $359,200 against an income-to-home-value ratio of 0.25 means housing eats a bigger share of local earnings than the national norm. Renters face $1,541/month on average.
Employers in Henrico County are hiring — job growth of +3.0% — but the population is close to flat (+0.4% YoY). Home values moved +1.3% over the past year. Labor demand is outpacing local population growth, which tends to tighten wages and housing.
There's a moderate stream of newcomers. About 4.58% of residents moved from another state, which is above average and suggests Henrico County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.