Housing in Richmond, Virginia

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

HOUSING	Richmond, Virginia	United States
	110,224	139,647,020
	63	42
	$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%

HOUSING MAP

Average Rent (3br)

Percent Home Appreciation (5yr)

Property Tax (%)

Median Home Cost

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Reviews for Richmond 109 Reviews

Great for young families - 3/10/2022
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... Read More

Lucas | Richmond, VA | Reply | No Replies

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RVA is the place to be - 10/25/2021
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... Read More

Juli | Richmond, VA | Reply | 1 Reply

It's cool for what it is - 8/3/2021
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... Read More

9 to 5 | Richmond, VA | Reply | No Replies

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MAPS OF RICHMOND, VIRGINIA

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ZIP CODES IN RICHMOND, VIRGINIA

23223, 23225, 23224, 23220, 23227, 23222, 23226, 23221, 23230, 23219, ... 11 more

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United States / Virginia / Richmond Metro Area / Richmond City County / Richmond / Zip Codes