Richmond, VA Housing Market

Market data powered by Zillow Research. Last updated: 2026-04-02

Richmond, VA offers balanced conditions for buyers.

  • •Prices are essentially flat (1.7% YoY) — good negotiating leverage for buyers.
  • •Price-to-rent ratio: 37.9 — renting may be more affordable in the near term.

Median Home Value

$383,940

ZHVI

Year-over-Year

+1.7%

Price change

5-Year Change

+35.2%

Since 2021

Median Rent

$844/mo

ZORI

Active Listings

219

For sale

State Avg

$405,474

Virginia

Home Value Trends

5-year Zillow Home Value Index for Richmond, VA vs. state and national averages.

Rent Data

Median Rent

$844/mo

Rent YoY Change

+5.3%

Rent vs. Buy Calculator

Other Markets in Virginia

Charlottesville, VA$457,385Winchester, VA$380,312Virginia Beach, VA$363,198Harrisonburg, VA$340,251Staunton, VA$320,761Roanoke, VA$289,094
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Market data provided by Zillow Research. Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) are trademarks of Zillow, Inc.