Zip 23224 (Richmond, VA) Housing

The housing median value in 23224 Richmond, VA is $243,000, which is significantly lower than the national median value of $338,100. However, the 1 year house appreciation rate of 13.65% in 23224 Richmond, VA is higher than the US average of 8.27%. This indicates that real estate in this area has been increasing in value faster than the national average over the past year.

The median home cost in Richmond (zip 23224) is $243,000. Home appreciation the last 10 years has been 94.1%. Home Appreciation in Richmond (zip 23224) is up 15.2%.

Average Age of Homes

- The median age of Richmond (zip 23224) real estate is 52 years old

The Rental Market in Richmond (zip 23224)

- Renters make up 52.9% of the Richmond (zip 23224) population
- 2.2% of houses and apartments in Richmond (zip 23224), 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
	17,557.0	139,647,020.0
	54	42
	$243,000	$338,100
	15.2%	16.6%
	57.6%	57.0%
	94.1%	101.1%
	$9.42	$10.98
	$1,368	$2,690
	32.7%	57.4%
	8.9%	11.2%
	58.4%	31.4%
Vacant Housing
	2.2%	1.9%
	0.9%	0.4%
	0.4%	0.7%
	0.4%	0.4%
	0.0%	3.6%
	5.1%	4.1%
Value of Owner-Occupied Housing
	1.2%	2.6%
	0.8%	2.4%
	2.7%	2.8%
	5.9%	3.9%
	16.5%	4.5%
	25.8%	11.3%
	30.7%	13.0%
	10.1%	20.1%
	1.2%	13.6%
	1.7%	8.3%
	2.2%	9.7%
	0.0%	3.9%
	0.8%	2.2%
	0.2%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.4%	13.6%
	5.4%	13.6%
	7.4%	13.6%
	10.3%	13.2%
	12.0%	14.8%
	7.4%	13.6%
	17.0%	10.0%
	8.1%	4.7%
	14.8%	12.2%

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