dynamic.RE
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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already −13.5% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, +44.1% YoY, is the number to watch.
The median listing price is down 13.5% YoY while the median home got down 6.4% bigger, so value per square foot is down 10.3%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $345K purchase rents for $1,350/mo: 0.39% of price per month against the 1% rule's 1.00%.
Not shown: Studio (rent only, no matching sale price).
Sales here take about 81 days longer to go under contract than rentals (median across 3 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented).
U.S. Census ACS characteristics for ZIP 23219 itself, not its parent county.
Renters hold 91.5% of this ZIP's 3,047 occupied households, on a median household income of $58K.
| Measure | ZIP 23219 | Richmond city | Difference |
|---|---|---|---|
| Median Household Income | $58K | $65K | -$7K |
| Below Poverty Level | 22.2% | 18.2% | +4.0% |
| Median Age | 32.40 | 34.70 | -2.30 |
| Total Population | 4,062 | 229,359 | -- |
| Avg Household Size | 1.33 | 2.10 | -0.77 |
| Owner-Occupied | 8.5% | 43.5% | -35.1% |
| Worked From Home | 23.7% | 19.5% | +4.2% |
| Mean Commute | 18.90 | 21.70 | -2.80 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
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%.
County median household income is $65K, 18.2% of residents are below the poverty level, 19.5% work from home.