Zip 23237 (Richmond, VA) Housing

The housing market in 23237 Richmond, VA is booming. According to recent data, the median value of a home in this area is $282,200, which is significantly lower than the US Median Value of $338,100. However, this area has seen a much higher appreciation rate over the past year at 13.65%, compared to the 8.27% appreciation rate seen across the country. This makes Richmond a great place for current and potential homeowners alike to invest in property and enjoy its future returns.

The median home cost in Richmond (zip 23237) is $282,200. Home appreciation the last 10 years has been 94.1%. Home Appreciation in Richmond (zip 23237) is up 15.2%.

Average Age of Homes

- The median age of Richmond (zip 23237) real estate is 37 years old

The Rental Market in Richmond (zip 23237)

- Renters make up 21.2% of the Richmond (zip 23237) population
- 0.6% of houses and apartments in Richmond (zip 23237), 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
	9,451.0	139,647,020.0
	38	42
	$282,200	$338,100
	15.2%	16.6%
	57.6%	57.0%
	94.1%	101.1%
	$8.59	$10.98
	$1,656	$2,690
	63.4%	57.4%
	3.8%	11.2%
	32.8%	31.4%
Vacant Housing
	0.6%	1.9%
	0.4%	0.4%
	0.9%	0.7%
	0.0%	0.4%
	0.1%	3.6%
	1.9%	4.1%
Value of Owner-Occupied Housing
	3.6%	2.6%
	2.4%	2.4%
	0.4%	2.8%
	0.5%	3.9%
	0.7%	4.5%
	18.4%	11.3%
	27.7%	13.0%
	31.6%	20.1%
	11.1%	13.6%
	2.1%	8.3%
	0.9%	9.7%
	0.6%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	11.8%	13.6%
	11.8%	13.6%
	11.0%	13.6%
	25.0%	13.2%
	21.0%	14.8%
	11.0%	13.6%
	5.8%	10.0%
	3.0%	4.7%
	3.1%	12.2%

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