Richmond, VA—23220
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$455,000
0.8% YoY Growth
Household Income
$56,700
34.6% YoY Growth
Days on Market
36
16.0% Longer YoY
Home Price Forecast
1.1%
Median Rent
$1,600
0.5% YoY Growth
1-Bed Rent
$1,380
7.8% YoY Growth
2-Bed Rent
$1,630
8.2% YoY Growth
3-Bed Rent
$2,380
11.8% YoY Growth
Home Price Trends — Richmond, VA
As of May '26, the median home price in Richmond, VA is $455,000, with a year-over-year change of 0.8%. This indicates that home prices in Richmond, VA are flat. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $455,000 | 0.8% |
| Single Family | $486,000 | 0.8% |
| Condos | $357,000 | 0.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |