Richmond, VA Housing


109 Reviews



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United States / Virginia / Richmond Metro Area / Richmond City County / Richmond / Zip Codes
The housing market in Richmond, VA is thriving! According to recent numbers, the median housing value in Richmond is currently $327,100. This is slightly lower than the US median house value of $338,100. Despite this minor difference, the one year appreciation rate for houses in Richmond surpasses that of the national average at 13.63%, nearly 5% higher than the 8.27% national average. Clearly, Richmond's real estate market offers plenty of exciting opportunities!

The median home cost in Richmond is $327,100. Home appreciation the last 10 years has been 93.9%. Home Appreciation in Richmond is up 15.2%.

Average Age of Homes
- The median age of Richmond real estate is 62 years old
The Rental Market in Richmond
- Renters make up 49.6% of the Richmond population
- 2.9% of houses and apartments in Richmond, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

   Housing by Year Built

  HousingRichmond, VirginiaUnited States
  110,224.0139,647,020.0
  6342
  $327,100$338,100
  15.2%16.6%
  57.5%57.0%
  93.9%101.1%
  $9.51$10.98
  $2,500$2,690
  38.9%57.4%
  10.3%11.2%
  50.8%31.4%
  Vacant Housing
  2.9%1.9%
  1.3%0.4%
  0.6%0.7%
  0.6%0.4%
  0.3%3.6%
  4.6%4.1%
  Value of Owner-Occupied Housing
  1.1%2.6%
  0.4%2.4%
  0.9%2.8%
  2.9%3.9%
  4.2%4.5%
  11.4%11.3%
  15.1%13.0%
  21.0%20.1%
  16.5%13.6%
  8.6%8.3%
  10.3%9.7%
  3.9%3.9%
  2.3%2.2%
  0.7%0.8%
  0.8%1.1%
  Housing Units by Year Structure Built
  0.1%0.2%
  5.3%13.6%
  5.3%13.6%
  5.8%13.6%
  7.1%13.2%
  9.9%14.8%
  5.8%13.6%
  14.7%10.0%
  9.1%4.7%
  29.6%12.2%
Reviews for Richmond
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Lucas · Richmond, VA
Great for young families
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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Juli · Richmond, VA
RVA is the place to be
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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9 to 5 · Richmond, VA
It's cool for what it is
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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