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Richmond, VA
Full City Profile · Virginia · Richmond city County
3.2
/5.0
B
Good
227,595
Population
3,798/sq mi density
$62,671
Median Income
$44,249 per capita
$328,100
Home Value
$361,133 Zillow
$1,314
Median Rent
31.4% income on rent
60°F
Avg Temperature
296 sunny days/yr
463
Violent Crime/100K
3,499 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.6 / 5.0
$62,671 median income, 4.1% unemployment
B+
Affordability
3.7 / 5.0
$328,100 home value, $1,314/mo rent
F
Safety
1.0 / 5.0
463 violent crimes/100K (22% above avg)
A+
Education
4.5 / 5.0
44.1% bachelor's degree or higher
Housing Overview
Median Home Value
$328,100
16% above
US avg: $281,900
Median Rent
$1,314/mo
13% above
US avg: $1,163/mo
Homeownership Rate
43.5%
33% below US avg (65.4%)
Total Housing Units
111,524
Median year built: 1958
Home Value by Source
Census Median
$328,100
Zillow (ZHVI)
$361,133
Median Sale Price
$400,000
Median List Price
$405,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
43.5%
Owner-Occupied
56.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,442/mo
1 Bedroom
$1,507/mo
2 Bedroom
$1,655/mo
3 Bedroom
$2,072/mo
4 Bedroom
$2,553/mo
Census median rent:
$1,314/mo
· Zillow rent:
$1,574/mo
Market Indicators (Redfin)
Median Days on Market
30 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
193
Price Drops
25.1%
of listings with price reduction
Price Per Sq Ft
$244
Active Inventory
358
homes for sale
Affordability & Housing Stock
Rent Burden
31.4%
of renters spending 30%+ of income on housing
1% above US avg (31.0%)
Median Year Built
1958
Average age of housing stock: 68 years
Homeownership Rate
43.5%
Complete Housing Data
Home Values
| Census Median Value | $328,100 |
| Zillow Home Value (ZHVI) | $361,133 |
| Median Sale Price | $400,000 |
| Median List Price | $405,000 |
| Price Per Sq Ft | $244 |
Rent
| Census Median Rent | $1,314 |
| Zillow Rent (ZORI) | $1,574 |
| FMR Studio | $1,442 |
| FMR 1-Bedroom | $1,507 |
| FMR 2-Bedroom | $1,655 |
| FMR 3-Bedroom | $2,072 |
| FMR 4-Bedroom | $2,553 |
Market
| Days on Market | 30 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 25.1% |
| Homes Sold | 193 |
| Active Inventory | 358 |
| Price Per Sq Ft | $244 |
Ownership & Stock
| Owner-Occupied | 43.5% |
| Renter-Occupied | 56.5% |
| Homeownership Rate | 43.5% |
| Total Housing Units | 111,524 |
| Median Year Built | 1958 |
| Rent Burden | 31.4% |