Richmond, VA—23236
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$397,000
2.6% YoY Growth
Household Income
$109,000
41.5% YoY Growth
Days on Market
37
18.0% Longer YoY
Home Price Forecast
1.6%
Median Rent
$2,350
7.1% YoY Growth
1-Bed Rent
$1,210
38.9% YoY Growth
2-Bed Rent
$1,500
4.1% YoY Growth
3-Bed Rent
$2,200
3.2% YoY Growth
Home Price Trends — Richmond, VA
As of May '26, the median home price in Richmond, VA is $397,000, with a year-over-year change of 2.6%. This indicates that home prices in Richmond, VA are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $397,000 | 2.6% |
| Single Family | $396,000 | 2.6% |
| Condos | $410,000 | 2.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |