Zip 23227 (Richmond, VA) Housing

In the 23227 Richmond, VA area, the median housing value is $328,600. This is slightly lower than the US House Median Value of $338,100. However, this area has seen a greater appreciation rate in the past year at 13.65%, compared to the US 1 year House Appreciation rate of 8.27%. This area continues to be an attractive option for potential homeowners as it is both more affordable and provides higher returns on investment over time.

The median home cost in Richmond (zip 23227) is $328,600. Home appreciation the last 10 years has been 94.1%. Home Appreciation in Richmond (zip 23227) is up 15.2%.

Average Age of Homes

- The median age of Richmond (zip 23227) real estate is 52 years old

The Rental Market in Richmond (zip 23227)

- Renters make up 44.0% of the Richmond (zip 23227) population
- 6.3% of houses and apartments in Richmond (zip 23227), 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
	13,310.0	139,647,020.0
	53	42
	$328,600	$338,100
	15.2%	16.6%
	57.6%	57.0%
	94.1%	101.1%
	$8.47	$10.98
	$2,263	$2,690
	48.6%	57.4%
	10.8%	11.2%
	40.6%	31.4%
Vacant Housing
	6.3%	1.9%
	1.0%	0.4%
	0.1%	0.7%
	0.7%	0.4%
	0.2%	3.6%
	2.5%	4.1%
Value of Owner-Occupied Housing
	1.1%	2.6%
	0.9%	2.4%
	0.8%	2.8%
	0.1%	3.9%
	0.8%	4.5%
	6.6%	11.3%
	17.7%	13.0%
	34.7%	20.1%
	20.2%	13.6%
	8.1%	8.3%
	5.7%	9.7%
	2.8%	3.9%
	0.3%	2.2%
	0.0%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.6%	0.2%
	6.8%	13.6%
	6.8%	13.6%
	8.1%	13.6%
	7.9%	13.2%
	20.5%	14.8%
	8.1%	13.6%
	11.1%	10.0%
	4.5%	4.7%
	19.5%	12.2%

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