Richmond, VA—23224
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$249,000
2.0% YoY Growth
Household Income
$49,300
36.5% YoY Growth
Days on Market
42
29.0% Longer YoY
Home Price Forecast
1.3%
Median Rent
$1,420
1.3% YoY Growth
1-Bed Rent
$1,200
0.8% YoY Growth
2-Bed Rent
$1,420
6.8% YoY Growth
3-Bed Rent
$1,950
8.8% YoY Growth
Home Price Trends — Richmond, VA
As of May '26, the median home price in Richmond, VA is $249,000, with a year-over-year change of 2.0%. This indicates that home prices in Richmond, VA are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $249,000 | 2.0% |
| Single Family | $248,000 | 2.1% |
| Condos | $264,000 | 3.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |