Zip 23223 (Richmond, VA) Housing

The housing in 23223 Richmond, VA is certainly on the rise. The median house value in this area is significantly lower than the US average at $275,300 compared with $338,100. However, this can be attributed to the higher rate of appreciation over the last year which stands at 13.65%, nearly 5% higher than the national appreciation rate of 8.27%. This indicates that housing prices are going up and can be expected to continue in that trend.

The median home cost in Richmond (zip 23223) is $275,300. Home appreciation the last 10 years has been 94.1%. Home Appreciation in Richmond (zip 23223) is up 15.2%.

Average Age of Homes

- The median age of Richmond (zip 23223) real estate is 52 years old

The Rental Market in Richmond (zip 23223)

- Renters make up 46.5% of the Richmond (zip 23223) population
- 2.0% of houses and apartments in Richmond (zip 23223), 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
	25,950.0	139,647,020.0
	51	42
	$275,300	$338,100
	15.2%	16.6%
	57.6%	57.0%
	94.1%	101.1%
	$8.36	$10.98
	$1,450	$2,690
	40.5%	57.4%
	9.5%	11.2%
	50.0%	31.4%
Vacant Housing
	2.0%	1.9%
	0.8%	0.4%
	1.1%	0.7%
	1.0%	0.4%
	0.3%	3.6%
	4.4%	4.1%
Value of Owner-Occupied Housing
	0.7%	2.6%
	0.2%	2.4%
	1.1%	2.8%
	4.5%	3.9%
	5.6%	4.5%
	21.8%	11.3%
	26.7%	13.0%
	21.3%	20.1%
	10.9%	13.6%
	2.9%	8.3%
	2.8%	9.7%
	0.7%	3.9%
	0.3%	2.2%
	0.0%	0.8%
	0.4%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	10.1%	13.6%
	10.1%	13.6%
	9.3%	13.6%
	10.8%	13.2%
	11.6%	14.8%
	9.3%	13.6%
	10.3%	10.0%
	7.3%	4.7%
	22.1%	12.2%

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