Richmond, VA—23224
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$234,000
0.8% YoY Growth
Household Income
$49,300
36.5% YoY Growth
Days on Market
53
3.0% Shorter YoY
Home Price Forecast
3.1%
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 Nov '25, the median home price in Richmond, VA is $234,000, 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 3.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $234,000 | -0.8% |
| Single Family | $233,000 | -0.9% |
| Condos | $256,000 | 0.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |