Zip 23225 (Richmond, VA) Housing

The housing market in 23225 Richmond, VA is currently thriving and values are on the rise. The median value of a house in this area is $318,700 which is slightly lower than the US median housing value of $338,100. In the past year, the US median house appreciation rate was 8.27%, whereas in 23225 Richmond, VA it was 13.65%, indicating that values here have gone up at a greater rate than the national average. This shows that housing in this part of Virginia is an attractive investment with increasing values due to strong demand.

The median home cost in Richmond (zip 23225) is $318,700. Home appreciation the last 10 years has been 94.1%. Home Appreciation in Richmond (zip 23225) is up 15.2%.

Average Age of Homes

- The median age of Richmond (zip 23225) real estate is 48 years old

The Rental Market in Richmond (zip 23225)

- Renters make up 52.2% of the Richmond (zip 23225) population
- 4.2% of houses and apartments in Richmond (zip 23225), 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
	20,965.0	139,647,020.0
	51	42
	$318,700	$338,100
	15.2%	16.6%
	57.6%	57.0%
	94.1%	101.1%
	$9.30	$10.98
	$2,246	$2,690
	43.8%	57.4%
	10.7%	11.2%
	45.5%	31.4%
Vacant Housing
	4.2%	1.9%
	1.0%	0.4%
	0.6%	0.7%
	0.1%	0.4%
	0.5%	3.6%
	4.2%	4.1%
Value of Owner-Occupied Housing
	1.6%	2.6%
	0.2%	2.4%
	0.2%	2.8%
	1.4%	3.9%
	2.3%	4.5%
	14.5%	11.3%
	18.3%	13.0%
	26.3%	20.1%
	20.1%	13.6%
	7.3%	8.3%
	5.4%	9.7%
	1.0%	3.9%
	0.5%	2.2%
	0.6%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	5.8%	13.6%
	5.8%	13.6%
	9.1%	13.6%
	14.8%	13.2%
	16.4%	14.8%
	9.1%	13.6%
	19.6%	10.0%
	5.7%	4.7%
	9.6%	12.2%

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