Richmond, VA 23297 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
County Demographics
County Economy
Richmond, VA — 23297
Median Listing Price
--
Population
--
Households
140,155
Median Days on Market
--
Active Listings
--
New Listings
--
Housing Market
Units & Occupancy
2024 Occupancy
146K
units
Occupied
140,155
96.2%
Vacant
5,554
3.8%
2024 Tenure
140K
occupied
Owner
107,538
76.7%
Renter
32,617
23.3%
Renter Share
23.3%
+2.5% YoY
Total Housing Units
145,709
+2.2% YoY
FY2026 Fair Market Rent — Chesterfield County
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 — Chesterfield County
Source: HUD Fair Market Rents
County Demographics
Median Age
39.0
2024
Population
Chesterfield County Population
389,793
+1.3% YoY
Households
Total Households
140,155
+2.3% YoY
Household Types
--
Not reported for this area (ACS).
Avg Household Size
2.66
-0.7% YoY
Age
2024 Age Mix
378K
residents
Under 18
89,540
23.7%
Adults 18–64
227,498
60.2%
65 & Over
60,831
16.1%
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
89,540
+1.2% YoY
Population 65 & Over
60,831
+4.2% YoY
Median Age
39.00
+0.3% YoY
Mobility & Veterans
2024 Residential Mobility
of residents
Same house
88.7%
Moved (within US)
11.1%
Other
0.2%
Veterans
8.9%
-1.1% YoY
County Economy
Income
Median Household Income
$102K
+3.1% YoY
Per-Capita Income
$49K
+3.7% YoY
Mean Household Income
$129K
+3.1% YoY
Poverty
Below Poverty Level
7.1%
+4.4% YoY
Transportation to Work
2024 Commute Mode
of workers
Drove alone
71.3%
Public transit
0.4%
Worked from home
19.5%
Other
8.8%
Worked From Home
19.5%
+14.7% YoY
Mean Commute
26.40
0.0% YoY
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