Zip 23222 (Richmond, VA) Housing

The housing market in 23222 Richmond, VA is substantially higher than the national median value of $338,100. In fact, the median value of a home in this area is $267,200 which represents an appreciation rate of 13.65%, compared to the US 1 year House Appreciation rate of 8.27%. This shows that Richmond's housing market is experiencing much higher growth than the rest of the nation and can be seen as a desirable place to purchase a property.

The median home cost in Richmond (zip 23222) is $267,200. Home appreciation the last 10 years has been 94.1%. Home Appreciation in Richmond (zip 23222) is up 15.2%.

Average Age of Homes

- The median age of Richmond (zip 23222) real estate is 64 years old

The Rental Market in Richmond (zip 23222)

- Renters make up 36.5% of the Richmond (zip 23222) population
- 1.4% of houses and apartments in Richmond (zip 23222), 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
	12,066.0	139,647,020.0
	69	42
	$267,200	$338,100
	15.2%	16.6%
	57.6%	57.0%
	94.1%	101.1%
	$8.65	$10.98
	$1,531	$2,690
	47.1%	57.4%
	10.6%	11.2%
	42.3%	31.4%
Vacant Housing
	1.4%	1.9%
	0.6%	0.4%
	0.4%	0.7%
	1.8%	0.4%
	0.0%	3.6%
	6.3%	4.1%
Value of Owner-Occupied Housing
	0.9%	2.6%
	0.7%	2.4%
	0.9%	2.8%
	5.2%	3.9%
	7.8%	4.5%
	16.9%	11.3%
	25.8%	13.0%
	23.3%	20.1%
	12.2%	13.6%
	2.7%	8.3%
	2.6%	9.7%
	0.5%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.5%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	6.0%	13.6%
	6.0%	13.6%
	3.7%	13.6%
	6.4%	13.2%
	8.9%	14.8%
	3.7%	13.6%
	15.1%	10.0%
	11.5%	4.7%
	35.5%	12.2%

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