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Housing in Richmond, Virginia

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HousingRichmond, VAUnited States
Median Home Age5837
Median Home Cost$133,800$170,100
Home Appr. Last 12 months1.80%4.90%
Home Appr. Last 5 yrs.-14.20%-4.60%
Home Appr. Last 10 yrs.23.10%12.70%
Property Tax Rate$11.39$12.07
Homes Owned37.54%57.34%
Housing Vacant14.79%12.47%
Homes Rented47.67%30.19%
AVERAGE RENT FOR HOME OR APARTMENT
Studio Apartment$720$661
1 Bedroom Home or Apartment$756$765
2 Bedroom Home or Apartment$896$957
3 Bedroom Home or Apartment$1,179$1,289
4 Bedroom Home or Apartment$1,427$1,490
VACANT HOUSING
Vancant For Rent4.78%2.50%
Vancant Rented0.38%0.46%
Vancant For Sale1.57%1.38%
Vancant Sold0.23%0.46%
Vancant Vacation0.23%3.81%
Vancant Other7.60%3.87%
VALUE OF OWNER-OCCUPIED HOUSING
Less Than $20,0001.52%3.30%
$20,000 to $39,9991.08%3.44%
$40,000 to $59,9991.34%4.18%
$60,000 to $79,9993.85%5.80%
$80,000 to $99,9996.79%7.08%
$100,000 to $149,99917.55%15.77%
$150,000 to $199,99918.37%15.03%
$200,000 to $299,99922.45%18.50%
$300,000 to $399,99911.24%10.39%
$400,000 to $499,9995.47%5.66%
$500,000 to $749,9995.47%6.39%
$750,000 to $999,9992.15%2.28%
$1,000,000 or more2.72%2.18%
HOUSING UNITS BY YEAR STRUCTURE BUILT
2010 and newer0.19%0.29%
2000 to 20096.51%14.18%
1990 to 19993.59%13.96%
1980 to 19896.74%13.99%
1970 to 197912.01%16.09%
1960 to 19693.59%13.96%
1950 to 195915.46%11.05%
1940 to 19499.94%5.59%
1939 or Earlier33.27%13.68%

The median home value in Richmond, VA, is $133,800. Home appreciation is 1.80% over the last year. The median age of Richmond, VA, real estate is 58 years.

Richmond, VA Apartments and Rentals

Renters make up 47.67% of the Richmond, VA, population. 14.79% of houses and apartments in Richmond, VA, are unoccupied (vacancy rate).


Richmond Housing SperlingViews

Midlothian, VA: Recently relocated here for my wife's job. Seems to be a safe, nice suburb of Richmond (25-30 mins on toll, 35-40 mins no toll). People are nice, the main road... (read more)Are there any "new" areas or suburbs?: We may be leaving our beautiful Frisco Texas to move to the Richmond area and I am wanting to get some opinions about suburbs or neat areas I might miss when I come to... (read more)re: Preparing to move - 7/27/2009: Hello Tom, I read your message, and I am also moving to Richmond in early 2012 and was wondering how things went with you? Did you find a nice area to live? Any... (read more)Have an opinion about Richmond? Leave a commentTo See All SperlingViews for Richmond Click Here