Zip 23231 (Richmond, VA) Housing

The housing market in 23231 Richmond, VA is thriving. The median home value in the area is $295,100, which is significantly lower than the US median home value of $338,100. Furthermore, the house 1 year appreciation rate in 23231 Richmond, VA is actually higher than the national average of 8.27%, coming in at a 13.65% appreciation rate over the last year. Thus, it can be seen that the housing market in this area is both affordable and growing rapidly.

The median home cost in Richmond (zip 23231) is $295,100. Home appreciation the last 10 years has been 94.1%. Home Appreciation in Richmond (zip 23231) is up 15.2%.

Average Age of Homes

- The median age of Richmond (zip 23231) real estate is 33 years old

The Rental Market in Richmond (zip 23231)

- Renters make up 30.7% of the Richmond (zip 23231) population
- 1.2% of houses and apartments in Richmond (zip 23231), 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
	16,314.0	139,647,020.0
	36	42
	$295,100	$338,100
	15.2%	16.6%
	57.6%	57.0%
	94.1%	101.1%
	$7.64	$10.98
	$1,632	$2,690
	64.4%	57.4%
	6.2%	11.2%
	29.4%	31.4%
Vacant Housing
	1.2%	1.9%
	0.3%	0.4%
	0.5%	0.7%
	1.1%	0.4%
	0.1%	3.6%
	3.0%	4.1%
Value of Owner-Occupied Housing
	1.6%	2.6%
	1.2%	2.4%
	0.5%	2.8%
	1.3%	3.9%
	1.6%	4.5%
	14.8%	11.3%
	23.1%	13.0%
	37.2%	20.1%
	13.2%	13.6%
	2.8%	8.3%
	1.8%	9.7%
	0.4%	3.9%
	0.1%	2.2%
	0.1%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	20.8%	13.6%
	20.8%	13.6%
	14.2%	13.6%
	13.8%	13.2%
	12.4%	14.8%
	14.2%	13.6%
	9.1%	10.0%
	6.8%	4.7%
	7.0%	12.2%

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Tracy · Richmond, VA

Perfect Location

Over 14 years ago

Varina VA is located about 10 miles outside of Richmond. It is country enough that you don't have to live in the hustle and bustle of city life, but close enough to get More

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