The story of this market
The typical home in Richmond (city), Virginia sells for about $392,500, or $261 per square foot.
Prices are down 2% from a year ago, which gives buyers more room to negotiate. Homes take about 13 days to sell, which is fast. Over the long run, values in this county have grown 263% since 2000. Last year 38 of 59 neighborhoods saw prices rise, so the story isn't the same street to street. HUD's fair market rent for a two-bedroom is $1,651 a month.
HUD sets the fair market rent for a 2-bedroom at $1,651 a month. FEMA's National Risk Index rates overall hazard risk here as Very Low.
Price climate
Every year of price change, 2000–2025
+1%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2005 (+14.6%). Worst: 2010 (-4.7%). Hover to read a year.
Monthly price momentum
Home values since 2015
+2.6%
VA · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$2,039
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
+1%
2025 change
FHFA repeat-sales index, median of 59 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
9
Very Low
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $39,162,315.
Mortgage activity
Home lending in this county
75.2%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 8984 | 4600 | 75.2% | 14.3% | $275,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Richmond (city), Virginia
The Richmond housing market is experiencing a cooling phase as inventory levels rise and the frantic pace of previous years moderates. While prices remain higher than a year ago, the rate of growth has slowed, reflecting a more balanced and sustainable market environment.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: median price corroborated by the published ten-year series (2026) (within 12.5%).
Select a city to expand its ZIP intel reports beneath · 1 city · 12 ZIP reports
Median prices moved up 4.0% year over year.
Homes spend a median of 32 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 17.82% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
Owned and leased federal assets with active or excess status, per the General Services Administration's Real Estate Across the United States inventory (read 2026-09-25). A federal footprint read on this county — not a market valuation, and never an attribute of any individual property or tenant.
Deterministic aggregate of 10 researched ZIP reports of 12 — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Each property observation weighs one in its ZIP's deterministic roll-up — property-level records (taxes, scores, permits) never roll individually. Latest property research run Oct 7, 2026.
researched Sep 16
researched Sep 16
researched Sep 16
researched Sep 17
researched Sep 20
researched Sep 20
researched Sep 20
researched Oct 5
researched Sep 16
researched Sep 20
| 23219 | Richmond | $387,000 | $362 | +27% | 32 | — | — | — | 833 | $1,589 | researched Sep 16 |
| 23220 | Richmond | $465,000 | $265 | 0% | 36 | — | — | — | 108 | $1,406 | researched Sep 16 |
| 23221 | Richmond | $667,000 | $333 | +2.1% | 25 | 99.2% | 15% | 2.8 | 43 | $1,518 | researched Sep 16 |
| 23222 | Richmond | $345,000 | $229 | +13.2% | 11 | 101.3% | — | — | 106 | $1,246 | researched Sep 17 |
| 23223 | Henrico (Unincorporated County Area) | $364,918 | $232 | +10.6% | 19 | — | — | — | 222 | $1,287 | researched Sep 20 |
| 23224 | Richmond | $299,900 | $216 | +12% | 29 | — | — | — | 142 | $1,314 | researched Sep 20 |
| 23225 | Richmond | $398,000 | $229 | +5.6% | 40 | 101.2% | 15% | 3.2 | 26 | $1,372 | researched Sep 20 |
| 23226 | Richmond | $629,000 | $325 | +2.5% | 28 | 98.5% | 15% | 2.7 | 59 | $1,775 | researched Oct 5 |
| 23227 | Richmond | $430,000 | $276 | +0.2% | 12 | 102.8% | — | — | — | $1,362 | researched Sep 16 |
| 23228 | Richmond | $350,000 | $239 | +5.6% | 40 | 100% | 16.4% | — | — | $1,451 | researched Sep 20 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
The region benefits from a stable economic base anchored by the state government, Virginia Commonwealth University, and VCU Health, which drive consistent demand for housing.
The economy is anchored by public-sector employment as the state capital, alongside major contributions from higher education and healthcare sectors.
- Kings Dominion4.420.7 mi
- Topgolf Richmond4.33.4 mi
- Dave & Buster's Glen Allen - Richmond411.9 mi
- K1 Speed Richmond4.59.3 mi
- Urban Air Trampoline and Adventure Park4.210.3 mi
- Greater Richmond Convention Center4.50.3 mi
- Lewis Ginter Botanical Garden4.75.9 mi
- Maymont4.82.2 mi
- Richmond Raceway4.53.4 mi
- Topgolf Richmond4.33.4 mi
- Virginia Museum of Fine Arts4.82.4 mi
- Lewis Ginter Botanical Garden4.75.9 mi
- Science Museum of Virginia4.72.2 mi
- Movieland At Boulevard Square4.32.5 mi
- Cinema Cafe Chester4.412.4 mi
- Virginia Museum of Fine Arts4.82.4 mi
- Lewis Ginter Botanical Garden4.75.9 mi
- Science Museum of Virginia4.72.2 mi
- Children's Museum of Richmond4.62.3 mi
- Virginia State Capitol4.60.2 mi
- Lewis Ginter Botanical Garden4.75.9 mi
- Maymont4.82.2 mi
- Pocahontas State Park4.713.8 mi
- Deep Run Park & Recreation Center4.710.3 mi
- Taylor Farm Park4.88.2 mi
- The Lilly Pad4.510.1 mi
- Jordan Point Marina4.619.7 mi
- Hopewell City Marina4.417.6 mi
- Whippernock Marina & Campground4.522.9 mi
- Appomattox Boat Harbor4.519.8 mi
- Topgolf Richmond4.33.4 mi
- Drive Shack4.814.7 mi
- Independence Golf Club4.613.6 mi
- The Dominion Club4.514.5 mi
- Belmont Golf Course4.25.6 mi
- Short Pump Town Center4.512.8 mi
- Chesterfield Towne Center4.29.7 mi
- Southpark Mall3.820 mi
- Richmond International Airport4.36.3 mi
- Club Level Grill4.26.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
A major public research university that serves as a primary economic and cultural anchor for the city.
A leading regional health system providing significant employment and essential services to the area.
Data retrieved from data.census.gov and interactive-map-ai.com