New Kent County, VA

Home values #

Typical home $447,882 (Sep 2026), +3.6% over one year, +26.7% over five

• 90th pct · 289th of 3,063 US counties · median $230,451
• 81st pct · 26th of 133 Virginia counties · median $309,231
• 81st pct · 4th of 17 counties in the Richmond metro · median $352,179

Zillow Home Value Index (ZHVI), typical value of homes in the 35th to 65th percentile, smoothed and seasonally adjusted; a model estimate of value, not a sale price. Data through Zillow Research.

Rents #

Zillow publishes no rent index for this area (ZORI covers about 1,400 counties)

• US counties: not published this period
• Virginia counties: not published this period
• counties in the Richmond metro: not published this period

Zillow Observed Rent Index (ZORI), smoothed, all homes and multifamily; price-to-rent = typical home / (typical rent × 12).

What the typical home costs to carry #

Principal and interest of $2,481 a month on $447,882 at 7.40%, against an average weekly wage worth $4,372 a month: 56.7% of one job’s pay.

• payment = P·r / (1 − (1+r)^−n), P = $447,882 × 80% = $358,306, r = 7.40%/12 (Freddie Mac PMMS via FRED, 2026-10-15), n = 360 → $2,481/mo principal and interest
• wage share = payment / (avg weekly wage $1,009 × 52 / 12 = $4,372) = 57% of one average job's pay (BLS QCEW 2026 Q1, all covered jobs)
• years of wages = $447,882 / ($1,009 × 52) = 8.5

The wage is one covered job’s average, not a household’s income, so this is the share of a single paycheque and not a mortgage underwriting ratio.

Estimate. Principal and interest on the typical home with 20% down over 30 years at this week's Freddie Mac average rate; compared with the average weekly wage of all jobs covered by unemployment insurance in the area (BLS QCEW), which is pay per job, not household income.

Jobs & wages #

6,317 jobs at 591 employers (2026 Q1); +0.4% jobs and +5.1% average weekly wage over the year

• 43rd pct · 1,820th of 3,221 US counties · median 8,232
• 41st pct · 78th of 133 Virginia counties · median 9,944
• 31st pct · 12th of 17 counties in the Richmond metro · median 9,487

BLS Quarterly Census of Employment and Wages, all ownerships, total covered employment in the quarter's third month; over-the-year changes as published. Suppressed cells stay blank.

Drought #

No drought class at this point (USDM covers the United States only)

Sites found: 5, searched within 0 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 0 km away are not.

US Drought Monitor current week; the highest class of any polygon containing the point.

Reservoirs #

No reservoir gauges within 150 km (or the camera is above the gauge altitude)

Sites found: 0, searched within 150 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 150 km away are not.

Σ(capacity × percent full) / Σ capacity over TWDB reservoirs within 150 km. Texas only; elsewhere USGS reservoir elevation/storage is listed without a capacity to normalise by.

Stream gauges #

81 gauges · 0 flooding · 14 with quality panels averaging 96 % · 11 stale

Sites found: 81, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.

USGS latest readings screened against EPA freshwater criteria (DO ≥ 5 mg/L, pH 6.5–9, conductance, turbidity, temperature); NWS flood categories where a NWPS gauge is co-located.

Groundwater #

147 wells in 0 named aquifers:

Sites found: 147, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.

USGS latest daily water levels. A single latest reading says where the table is, not which way it is moving; select a well for its 365-day trace.

Water stress #

low (0.01)

Σ wᵢ·termᵢ / Σ wᵢ = 0.35×0.00 + 0.2×0.04 / 0.55

Banks & federal dollars #

$355.6 m in deposits at 2 offices of 1 banks (SOD June 2026); HHI 10,000, highly concentrated. $226.8 m federal obligations in FY2026 (direct payments $218.1 m, grants $8.4 m), $35,909 per covered job

Deposit concentration is 10,000 across 1 banks, which the 1995 Department of Justice bank merger screen calls highly concentrated.

HHI = Σ (share %)² over 1 banks with deposits in the county = 100.0² = 10,000

FDIC Summary of Deposits: deposits at every insured office as of June 30, annual; HHI is the sum of squared county deposit shares (DOJ 1995 bank merger screen: 1000 / 1800). USAspending: obligations by place of performance for the latest complete federal fiscal year (Oct 1 to Sep 30), what agencies committed, not what they paid out; recipients are legal entities. Per-job divides obligations by BLS QCEW covered employment.

Federal obligations #

USAspending place-of-performance obligations for FY2026, by awarding agency.

That is $35,909 per covered job, against 6,317 jobs in the 2026 Q1 QCEW quarter.

per job = FY2026 obligations $226.8 m / 6,317 covered jobs (BLS QCEW 2026 Q1, all ownerships) = $35,909

USAspending obligations are recorded where the work is performed, so a prime award performed here is counted here even when the recipient is headquartered elsewhere. Recipients are legal entities, never people.

National context, not this county #

These are United States, single-gauge, single-state and port series. None of them is keyed to this county.

The indicator registry has no county-keyed series and no geographic selection: every entry is national, a named gauge, a single state or a port. They are here as the backdrop the county's own numbers move against, and they are never this county's readings.

What changed #

New Kent County, VA: 7 findings, 1 at a watch level and 6 noted

1. watchNew Kent County, VA's years of wages of 8.5 ranks 165th of 3,063 US counties, a watch level here: years of wages in the top tenth of US counties (position among the counties that published both a ZHVI value and a QCEW average weekly wage; not an official level). The previous published period is not in this table, so this is a standing level rather than a change.

   Period 2026-09.
   Show the arithmetic

   • test: yearsOfWages percentile = 94.64402351404311 >= 90
   • typical home value / (average weekly wage × 52); one average covered job, not a household

   position among the counties that published both a ZHVI value and a QCEW average weekly wage; not an official level

2. noteNew Kent County, VA's average weekly wage was 5.1% higher than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.

   Period 2026 Q1.
   Show the arithmetic

   • +5.1 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
   • the newest QCEW file carries no year-earlier level, so no move from one level to another is printed

   BLS QCEW over-the-year percent change, as published

3. noteNew Kent County, VA's typical home value rose 0.4% from $446,070 in August 2026 to $447,882 in September 2026, on Zillow ZHVI.

   Period 2026-09.
   Show the arithmetic

   • +0.4% = (447882.23283093306 - 446069.76325898856) / 446069.76325898856 × 100
   • 447882.23283093306 = Zillow ZHVI, 2026-09
   • 446069.76325898856 = Zillow ZHVI, 2026-08

4. noteNew Kent County, VA's covered employment was 0.4% higher than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.

   Period 2026 Q1.
   Show the arithmetic

   • +0.4 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
   • the newest QCEW file carries no year-earlier level, so no move from one level to another is printed

   BLS QCEW over-the-year percent change, as published

5. noteNew Kent County, VA's typical home value of $447,882 ranks 289th of 3,063 US counties, against a median of $230,451.

   Period 2026-09.
   Show the arithmetic

   • 91 on the 0-to-100 scale across 3063 US counties that published home.latest

   position among the entities that published this metric this period; not an official level

Read all 7 findings in the full brief

Every finding is produced by a fixed rule table and a fixed sentence for each rule. Nothing here is generated prose.