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City

ZIP codes

Richmond, Virginia

Realtor Sep 2026 · ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $72K, +2.6% YoY (ZIP); renters hold 47.4% of ZIP households. See the people evidence ↓

What would change this read: the median listing price is +0.6% YoY. inventory, +0.0% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Computed from this page's data: median listing $401,578 (Realtor). The listing and rental pools are separate samples, not the same homes priced two ways, so the ratios describe the market rather than any one property. Ratios with reasons, not a recommendation to buy.

28 ZIPs in this city:23173 23218 23219 23220 23221 23222 23223 23224 23225 23226 23227 23230 23232 23234 23235 23236 23237 23241 23249 23250 23260 23261 23269 23284 23286 23293 23297 23298

Median Listing Price

$402K

Population

407,296

174,522

Median Days on Market

Active Listings

786

New Listings

466

Housing Market

The median listing price is up 0.6% YoY while the median home got down 0.4% bigger, so value per square foot is down 2.4%.

Pricing

Median Listing Price

$402K+0.6% YoY

Average Listing Price

$454K-1.2% YoY

Price per Sq Ft

$241.888-2.4% YoY

Median Sq Ft

1,658-0.4% YoY

Inventory

Active Listings

786+5.4% YoY

New Listings

466-10.0% YoY

Total Listings

1,2800.0% YoY

Buyer Competition

Pending Listings

495-7.1% YoY

Pending Ratio

0.63-11.7% YoY

Median Days on Market

38-14.2% YoY

Price Reduced

18.9%-9.0% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 114,293

114Kunits

Occupied104,32191.3%

Vacant9,9728.7%

2024 Tenure ⓘ

U.S. Census ACS · n = 104,321

104Koccupied

Owner45,40743.5%

Renter58,91456.5%

Renter Share

56.5%-0.1% YoY

Total Housing Units

114,293+1.3% YoY

FY2026 Fair Market Rent

CountyRichmond city · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,442

/month

1 BR

$1,507

/month

2 BR

$1,655

/month

3 BR

$2,072

/month

4 BR

$2,553

/month

FMR trends · Richmond city

HUD Fair Market Rents · FY1983–FY2026

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Renters hold 47.4% of this ZIP's 174,522 occupied households, on a median household income of $72K.

Population & Age

Total Population

407,296+0.3% YoY

2024 Age Mix ⓘ

U.S. Census ACS · n = 407,296

407Kresidents

Under 1880,40019.7%

Adults 18–64264,19264.9%

65 & Over62,70415.4%

Age Composition Over Time

U.S. Census ACS · 2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

36.63+0.8% YoY

Population Under 18

80,400+0.4% YoY

Population 65 & Over

62,704+2.5% YoY

Households & Mobility

Total Households

174,522+1.8% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.27-1.5% YoY

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house84.7%

Moved (within US)14.8%

Other0.5%

Veterans

6.4%-0.6% YoY

Income & Poverty

Median Household Income

$72K+2.6% YoY

Per-Capita Income

$43K+3.5% YoY

Mean Household Income

$97K+2.5% YoY

Below Poverty Level

15.7%+1.0% YoY

Commuting

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone66.3%

Public transit2.0%

Worked from home18.1%

Other13.6%

Worked From Home

18.1%+17.7% YoY

Mean Commute

22.44-0.2% YoY

Units & Tenure

Total Housing Units

189,110+1.4% YoY

2024 Occupancy ⓘ

U.S. Census ACS · n = 189,110

189Kunits

Occupied174,52292.3%

Vacant14,5887.7%

2024 Tenure ⓘ

U.S. Census ACS · n = 174,522

175Khouseholds

Owner91,78752.6%

Renter82,73547.4%

Avg Household Size — Owner

2.38-2.0% YoY

Avg Household Size — Renter

2.13-0.8% YoY

County Demographics

County population is up 0.8% to 229,359: residents under 18 are up 0.3% and those 65 and over are up 4.0%.

Median Age

34.72024

Population

Richmond city Population

233,655+1.4% YoY

Households

Total Households

104,321+2.1% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.10-1.4% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 229,359

229Kresidents

Under 1840,19617.5%

Adults 18–64156,91968.4%

65 & Over32,24414.1%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

40,196+0.3% YoY

Population 65 & Over

32,244+4.0% YoY

Median Age

34.70+0.6% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house81.6%

Moved (within US)17.8%

Other0.6%

Veterans

5.4%-1.8% YoY

County Economy

County median household income is $65K, 18.2% of residents are below the poverty level, 19.5% work from home.

Income

Median Household Income

$65K+3.1% YoY

Per-Capita Income

$46K+3.5% YoY

Mean Household Income

$97K+2.7% YoY

Poverty

Below Poverty Level

18.2%-3.2% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone63.0%

Public transit2.9%

Worked from home19.5%

Other14.6%

Worked From Home

19.5%+15.4% YoY

Mean Commute

21.70-1.8% YoY

Done with Richmond? Put it next to another market.

State

City

Compare with

City

State

City

ZIP codes

Richmond, Virginia

Realtor Sep 2026 · ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $72K, +2.6% YoY (ZIP); renters hold 47.4% of ZIP households. See the people evidence ↓

What would change this read: the median listing price is +0.6% YoY. inventory, +0.0% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

28 ZIPs in this city:23173 23218 23219 23220 23221 23222 23223 23224 23225 23226 23227 23230 23232 23234 23235 23236 23237 23241 23249 23250 23260 23261 23269 23284 23286 23293 23297 23298

Median Listing Price

$402K

Population

407,296

174,522

Median Days on Market

Active Listings

786

New Listings

466

Housing Market

The median listing price is up 0.6% YoY while the median home got down 0.4% bigger, so value per square foot is down 2.4%.

Pricing

Median Listing Price

$402K+0.6% YoY

Average Listing Price

$454K-1.2% YoY

Price per Sq Ft

$241.888-2.4% YoY

Median Sq Ft

1,658-0.4% YoY

Inventory

Active Listings

786+5.4% YoY

New Listings

466-10.0% YoY

Total Listings

1,2800.0% YoY

Buyer Competition

Pending Listings

495-7.1% YoY

Pending Ratio

0.63-11.7% YoY

Median Days on Market

38-14.2% YoY

Price Reduced

18.9%-9.0% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 114,293

114Kunits

Occupied104,32191.3%

Vacant9,9728.7%

2024 Tenure ⓘ

U.S. Census ACS · n = 104,321

104Koccupied

Owner45,40743.5%

Renter58,91456.5%

Renter Share

56.5%-0.1% YoY

Total Housing Units

114,293+1.3% YoY

FY2026 Fair Market Rent

CountyRichmond city · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,442

/month

1 BR

$1,507

/month

2 BR

$1,655

/month

3 BR

$2,072

/month

4 BR

$2,553

/month

FMR trends · Richmond city

HUD Fair Market Rents · FY1983–FY2026

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Renters hold 47.4% of this ZIP's 174,522 occupied households, on a median household income of $72K.

Population & Age

Total Population

407,296+0.3% YoY

2024 Age Mix ⓘ

U.S. Census ACS · n = 407,296

407Kresidents

Under 1880,40019.7%

Adults 18–64264,19264.9%

65 & Over62,70415.4%

Age Composition Over Time

U.S. Census ACS · 2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

36.63+0.8% YoY

Population Under 18

80,400+0.4% YoY

Population 65 & Over

62,704+2.5% YoY

Households & Mobility

Total Households

174,522+1.8% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.27-1.5% YoY

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house84.7%

Moved (within US)14.8%

Other0.5%

Veterans

6.4%-0.6% YoY

Income & Poverty

Median Household Income

$72K+2.6% YoY

Per-Capita Income

$43K+3.5% YoY

Mean Household Income

$97K+2.5% YoY

Below Poverty Level

15.7%+1.0% YoY

Commuting

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone66.3%

Public transit2.0%

Worked from home18.1%

Other13.6%

Worked From Home

18.1%+17.7% YoY

Mean Commute

22.44-0.2% YoY

Units & Tenure

Total Housing Units

189,110+1.4% YoY

2024 Occupancy ⓘ

U.S. Census ACS · n = 189,110

189Kunits

Occupied174,52292.3%

Vacant14,5887.7%

2024 Tenure ⓘ

U.S. Census ACS · n = 174,522

175Khouseholds

Owner91,78752.6%

Renter82,73547.4%

Avg Household Size — Owner

2.38-2.0% YoY

Avg Household Size — Renter

2.13-0.8% YoY

County Demographics

County population is up 0.8% to 229,359: residents under 18 are up 0.3% and those 65 and over are up 4.0%.

Median Age

34.72024

Population

Richmond city Population

233,655+1.4% YoY

Households

Total Households

104,321+2.1% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.10-1.4% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 229,359

229Kresidents

Under 1840,19617.5%

Adults 18–64156,91968.4%

65 & Over32,24414.1%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

40,196+0.3% YoY

Population 65 & Over

32,244+4.0% YoY

Median Age

34.70+0.6% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house81.6%

Moved (within US)17.8%

Other0.6%

Veterans

5.4%-1.8% YoY

County Economy

County median household income is $65K, 18.2% of residents are below the poverty level, 19.5% work from home.

Income

Median Household Income

$65K+3.1% YoY

Per-Capita Income

$46K+3.5% YoY

Mean Household Income

$97K+2.7% YoY

Poverty

Below Poverty Level

18.2%-3.2% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone63.0%

Public transit2.9%

Worked from home19.5%

Other14.6%

Worked From Home

19.5%+15.4% YoY

Mean Commute

21.70-1.8% YoY

Done with Richmond? Put it next to another market.