Richmond Metro Area, VA Housing

The Richmond, VA Metro Area is an attractive place to live with a median housing value of $329,900, which is slightly lower than the US median of $338,100. In the past year, house values in the Richmond area have appreciated by 11.79%, compared to 8.27% nationally. This suggests that investing in property here can prove to be a very lucrative move. With its comparatively lower housing prices and higher appreciation rate, the Richmond Metro Area offers exciting opportunities for potential homeowners or investors alike.

The median home cost in Richmond Metro Area is $329,900. Home appreciation the last 10 years has been 81.9%. Home Appreciation in Richmond Metro Area is up 15.8%.

Average Age of Homes

- The median age of Richmond Metro Area real estate is 36 years old

The Rental Market in Richmond Metro Area

- Renters make up 30.3% of the Richmond Metro Area population
- 1.6% of houses and apartments in Richmond Metro Area, 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

Housing	Richmond, Virginia	United States
	545,878.0	139,647,020.0
	39	42
	$329,900	$338,100
	15.8%	16.6%
	54.1%	57.0%
	81.9%	101.1%
	$8.29	$10.98
	$2,088	$2,690
	61.7%	57.4%
	7.2%	11.2%
	31.2%	31.4%
Vacant Housing
	1.6%	1.9%
	0.6%	0.4%
	0.6%	0.7%
	0.6%	0.4%
	0.4%	3.6%
	3.3%	4.1%
Value of Owner-Occupied Housing
	1.4%	2.6%
	0.9%	2.4%
	0.7%	2.8%
	1.5%	3.9%
	1.9%	4.5%
	8.8%	11.3%
	15.5%	13.0%
	29.8%	20.1%
	18.4%	13.6%
	9.3%	8.3%
	8.1%	9.7%
	2.3%	3.9%
	0.9%	2.2%
	0.2%	0.8%
	0.4%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	14.2%	13.6%
	14.2%	13.6%
	15.0%	13.6%
	15.6%	13.2%
	14.5%	14.8%
	15.0%	13.6%
	8.8%	10.0%
	4.3%	4.7%
	9.0%	12.2%

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