Richmond City County, VA Housing

Housing in Richmond City, VA County is doing very well. The median value of a house in the area is $316,300, which is slightly lower than the U.S. median of $338,100. However, Richmond City's 1 year house appreciation rate is 11.71%, much higher than the U.S.'s 8.27%. This shows that houses in the area are experiencing an above-average amount of growth in their values over time and would likely be a good investment for anyone looking to buy or sell property in the area.

The median home cost in Richmond City County is $316,300. Home appreciation the last 10 years has been 93.9%. Home Appreciation in Richmond City County is up 15.2%.

Average Age of Homes

- The median age of Richmond City County real estate is 62 years old

The Rental Market in Richmond City County

- Renters make up 49.6% of the Richmond City County population
- 2.9% of houses and apartments in Richmond City County, 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 City, Virginia	United States
	110,224.0	139,647,020.0
	63	42
	$316,300	$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%

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