Richmond, VA 23218 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
County Demographics
County Economy
Richmond, VA — 23218
Median Listing Price
--
Population
--
Households
104,321
Median Days on Market
--
Active Listings
--
New Listings
--
Housing Market
Units & Occupancy
2024 Occupancy
114K
units
Occupied
104,321
91.3%
Vacant
9,972
8.7%
2024 Tenure
104K
occupied
Owner
45,407
43.5%
Renter
58,914
56.5%
Renter Share
56.5%
-0.1% YoY
Total Housing Units
114,293
+1.3% YoY
FY2026 Fair Market Rent — Richmond city
HUD government estimate (40th percentile) — 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
Source: HUD Fair Market Rents
County Demographics
Median Age
34.7
2024
Population
Richmond city Population
233,655
+1.4% YoY
Households
Total Households
104,321
+2.1% YoY
Household Types
--
Not reported for this area (ACS).
Avg Household Size
2.10
-1.4% YoY
Age
2024 Age Mix
229K
residents
Under 18
40,196
17.5%
Adults 18–64
156,919
68.4%
65 & Over
32,244
14.1%
Age Composition Over Time
2017–2024
Population growth (first year = 100)
Share of population (change in pp)
Under 18
Adults 18–64
65 & 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
of residents
Same house
81.6%
Moved (within US)
17.8%
Other
0.6%
Veterans
5.4%
-1.8% YoY
County Economy
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
of workers
Drove alone
63.0%
Public transit
2.9%
Worked from home
19.5%
Other
14.6%
Worked From Home
19.5%
+15.4% YoY
Mean Commute
21.70
-1.8% YoY
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