Zip 23221 (Richmond, VA) Housing

The housing market in 23221 Richmond, VA is thriving. The median value of a house in the area is currently $457,700, which is slightly higher than the US median of $338,100. In addition, the appreciation rate for homes in this area has been above average at 13.65%, compared to the national average of 8.27%. Therefore, it can be concluded that there is a strong demand for houses in 23221 Richmond, VA and that real estate prices are likely to continue to increase.

The median home cost in Richmond (zip 23221) is $457,700. Home appreciation the last 10 years has been 94.1%. Home Appreciation in Richmond (zip 23221) is up 15.2%.

Average Age of Homes

- The median age of Richmond (zip 23221) real estate is 74 years old

The Rental Market in Richmond (zip 23221)

- Renters make up 49.6% of the Richmond (zip 23221) population
- 0.5% of houses and apartments in Richmond (zip 23221), 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
	7,787.0	139,647,020.0
	80	42
	$457,700	$338,100
	15.2%	16.6%
	57.6%	57.0%
	94.1%	101.1%
	$10.41	$10.98
	$4,738	$2,690
	49.0%	57.4%
	4.7%	11.2%
	46.3%	31.4%
Vacant Housing
	0.5%	1.9%
	0.4%	0.4%
	0.6%	0.7%
	0.2%	0.4%
	0.6%	3.6%
	2.4%	4.1%
Value of Owner-Occupied Housing
	0.1%	2.6%
	0.7%	2.4%
	0.0%	2.8%
	0.6%	3.9%
	0.2%	4.5%
	1.7%	11.3%
	5.3%	13.0%
	13.4%	20.1%
	17.1%	13.6%
	19.7%	8.3%
	22.1%	9.7%
	7.9%	3.9%
	6.9%	2.2%
	1.7%	0.8%
	2.7%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	0.7%	13.6%
	0.7%	13.6%
	1.0%	13.6%
	1.9%	13.2%
	5.7%	14.8%
	1.0%	13.6%
	15.2%	10.0%
	16.3%	4.7%
	48.7%	12.2%

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