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State

City

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City

State

City

ZIP codes

Richmond, VA · 23218

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 $65K, +3.1% YoY (county); renters hold 56.5% of county households. See the people evidence ↓

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: . 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.

Median Listing Price

Population

104,321

Median Days on Market

Active Listings

New Listings

Housing Market

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

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 23218? Put it next to another market.

State

City

Compare with

City

State

City

ZIP codes

Richmond, VA · 23218

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 $65K, +3.1% YoY (county); renters hold 56.5% of county households. See the people evidence ↓

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

Median Listing Price

Population

104,321

Median Days on Market

Active Listings

New Listings

Housing Market

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

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 23218? Put it next to another market.