Home / Select Cities  /  2024 Comparing Raleigh, NC vs. Richmond, VA

2024 Compare Cities Housing:
Raleigh, NC vs Richmond, VA

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Highlights
- The median age of a home in Raleigh is 133.3% younger than the median age of a home in Richmond.

Housing
 Raleigh, NCRichmond, VAUnited States
 Median Home Age276342
 Median Home Cost$427,000$327,100$338,100
 Home Appr. Last 12 months23.6%15.2%16.6%
 Home Appr. Last 5 yrs.70.7%57.5%57.0%
 Home Appr. Last 10 yrs.122.8%93.9%101.1%
 Property Tax Rate$8.9$9.5$11.0
 Homes Owned46.7%38.9%57.4%
 Housing Vacant9.4%10.3%11.2%
 Homes Rented43.8%50.8%31.4%
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 Avg Rent For Home Or Apartment
 Raleigh, NCRichmond, VAUnited States
 Average Rent$1,750$1,680$1,840
 Studio Apartment$1,240$1,140$1,080
 1 Bedroom Home or Apartment$1,280$1,170$1,180
 2 Bedroom Home or Apartment$1,450$1,320$1,430
 3 Bedroom Home or Apartment$1,780$1,710$1,860
 4 Bedroom Home or Apartment$2,350$2,080$2,160
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 Vacant Housing
 Raleigh, NCRichmond, VAUnited States
 Vacant For Rent3.3%2.9%1.9%
 Vacant Rented2.2%1.3%0.4%
 Vacant For Sale0.5%0.6%0.7%
 Vacant Sold0.6%0.6%0.4%
 Vacant Vacation0.5%0.3%3.6%
 Vacant Other2.3%4.6%4.1%
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 Owner-Occupied Housing Value
 Raleigh, NCRichmond, VAUnited States
 Less Than $20,0001.4%1.1%2.6%
 $20,000 to $39,9990.5%0.4%2.4%
 $40,000 to $59,9990.6%0.9%2.8%
 $60,000 to $79,9990.5%2.9%3.9%
 $80,000 to $99,9990.8%4.2%4.5%
 $100,000 to $149,9996.6%11.4%11.3%
 $150,000 to $199,99915.0%15.1%13.0%
 $200,000 to $299,99928.3%21.0%20.1%
 $300,000 to $399,99918.3%16.5%13.6%
 $400,000 to $499,99911.0%8.6%8.3%
 $500,000 to $749,99910.2%10.3%9.7%
 $750,000 to $999,9994.0%3.9%3.9%
 $1,000,000 to $1,499,9991.9%2.3%2.2%
 $1,500,000 to $1,999,9990.5%0.7%0.8%
 $2,000,000 and over0.3%0.8%1.1%
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 Housing Units By Year Built
 Raleigh, NCRichmond, VAUnited States
 2015 and Newer0.3%0.1%0.2%
 2010 to 201423.4%5.3%13.6%
 2000 to 200923.4%5.3%13.6%
 1990 to 199918.5%5.8%13.6%
 1980 to 198916.8%7.1%13.2%
 1970 to 19799.9%9.9%14.8%
 1960 to 196918.5%5.8%13.6%
 1950 to 19594.2%14.7%10.0%
 1940 to 19491.6%9.1%4.7%
 1939 or Earlier3.1%29.6%12.2%

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Reviews for Raleigh    224 Reviews

I moved to Raleigh in 2018. Before that, I lived in Orange County CA, Boulder CO, South Africa, Northern California, Arizona, and Toronto. I say all this to give  More

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Excellent for a great many people or categories of people. As far as prices: ratio of wage and job opportunity here with housing remains one of the better ones in the  More

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Over 1 years ago

I attended university here in the early 90s and came back around 2005 and never left. I'm surprised at the other negative reviews honestly. Yes, housing is pricey in  More

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Reviews for Richmond    109 Reviews

Over 2 years ago

Lived here for a year and it’s not perfect but it’s constantly improving now (areas redevloped, more businesses, job growth). Cost of living is great compared to  More

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Over 3 years ago

We love Richmond so much that when we talk about where we'd like to live if we could live anywhere in the US, we always come back to RVA. We live in the city proper  More

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Over 3 years ago

I'm an out-of-towner but am coming up on 1 year in Richmond. I would summarize it this way: the best thing and the worst thing about Richmond is its location. I'll  More

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ZIPS IN RALEIGH, NORTH CAROLINA
27610, 27603, 27616, 27604, 27606, 27613, 27615, 27612, 27614, 27609, 15 total
ZIPS IN RICHMOND, VIRGINIA
23223, 23225, 23224, 23220, 23227, 23222, 23226, 23221, 23230, 23219, 11 total

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