Richmond housing market: home prices, trends and forecast
Richmond home prices: the typical Richmond, Virginia home was valued at $361,844 in September 2026 by the Zillow Home Value Index. That was 2.8% higher than a year earlier and the highest monthly value on record.
- Value of the typical home
- $361,844September 2026, Zillow ZHVI
- Change over 12 months
- +2.8%since September 2025
- Change over 10 years
- +92.7%since September 2016
- Multiple from 2000 onward
- ×3.7from $98,136
- Time homes remain listed
- 44Source: Realtor.com for the Richmond, VA metro.
Richmond home prices since 2000
Richmond is shown by the steel line, while the United States is shown by the grey line. Since January 2000, the typical Richmond home increased in value from $98,136 to $361,844, a ×3.69 change compared with ×2.99 for the US during the same period. Prices peaked during the boom in August 2007 at $182,690 before reaching their low in January 2012 at $135,163, a −26.0% change.
Richmond median home price by year
Each annual figure averages the twelve monthly values; the 2026 figure uses the latest month.
| Year | Richmond | Change on the year | United States |
|---|---|---|---|
| 2000 | $100,289 | $125,745 | |
| 2001 | $103,572 | +3.3% | $134,899 |
| 2002 | $109,143 | +5.4% | $144,276 |
| 2003 | $119,887 | +9.8% | $155,308 |
| 2004 | $132,223 | +10.3% | $169,891 |
| 2005 | $148,842 | +12.6% | $189,732 |
| 2006 | $168,145 | +13.0% | $206,531 |
| 2007 | $181,258 | +7.8% | $208,449 |
| 2008 | $176,632 | −2.6% | $195,574 |
| 2009 | $163,654 | −7.3% | $177,542 |
| 2010 | $155,700 | −4.9% | $171,462 |
| 2011 | $143,710 | −7.7% | $162,508 |
| 2012 | $143,433 | −0.2% | $161,137 |
| 2013 | $154,452 | +7.7% | $171,420 |
| 2014 | $163,054 | +5.6% | $182,996 |
| 2015 | $172,069 | +5.5% | $192,738 |
| 2016 | $185,300 | +7.7% | $204,509 |
| 2017 | $200,713 | +8.3% | $216,767 |
| 2018 | $218,275 | +8.7% | $230,541 |
| 2019 | $233,175 | +6.8% | $242,088 |
| 2020 | $248,734 | +6.7% | $257,151 |
| 2021 | $284,196 | +14.3% | $295,959 |
| 2022 | $320,875 | +12.9% | $340,014 |
| 2023 | $332,690 | +3.7% | $348,160 |
| 2024 | $348,534 | +4.8% | $359,751 |
| 2025 | $353,302 | +1.4% | $362,959 |
| September 2026 | $361,844 | +2.8% | $366,157 |
Current value of Richmond homes bought in any year
This is an index-based estimate for a typical home rather than an appraisal.
The annual figure comes from averaging the twelve monthly index values, while the current value is September 2026. Other options: home appreciation calculator.
Are you thinking of selling? Compare local agents through Realtor.com. Advertising disclosure: the site may receive payment for links like this one, but that never affects a number. Disclosure.
Richmond housing market forecast
For the Richmond, VA metro, Zillow's forecast shows +2.4% over the 12 months starting September 2026. Its estimate for the next three months is +0.7%. Richmond's typical value is $361,844, so the forecast would place it near $370,500 one year later.
Zillow's central estimate for the metro appears here, although the site itself provides no forecast. Such a 12-month forecast has usually differed from the realised change by several percentage points, either above or below it. This is not investment advice.
All metro forecasts in one table: housing market forecast.
Richmond housing market crash risk score
Moderate, 37 of 100
Five conditions that ran high before earlier price declines form the basis for ranking Richmond against the 292 cities. Each input ranks from 0 to 100 compared with the other cities, and the five ranks receive equal weight in the average. It shows current conditions and does not predict a crash.
| Input | Value | Sub-score | Weight |
|---|---|---|---|
| Active listings vs 2019 | −15.7% | 24 | 20% |
| Time homes remain listed vs 2019 | −12.0% | 19 | 20% |
| Price-to-rent ratio | 18.5 | 53 | 20% |
| Price-to-income ratio | 5.7 | 70 | 20% |
| 12-month price change | +2.8% | 21 | 20% |
This is not investment advice. Input scoring details: methodology. Rankings for all 292 cities: crash risk by city.
Richmond market inventory and time on market
In September 2026 the Richmond, VA metro recorded 3,472 homes for sale, up +21.2% from a year earlier and down −15.7% from the same month in 2019. Selling took a median of 44 days (−12.0% against 2019), and price cuts applied to 19.1% of listings.
| Richmond, VA metro, September 2026 | Value | On a year |
|---|---|---|
| Active listings | 3,472 | +21.2% |
| New listings | 1,722 | |
| Median days on market | 44 | −3.3% |
| Median list price | $439,925 | +2.3% |
| Share with a price cut | 19.1% |
Source for metro inventory: Realtor.com® Economic Research. Realtor.com data. All metro areas: days on market by city.
Living costs in Richmond
Richmond's typical asking rent is $1,628 per month according to the Zillow Observed Rent Index, up +2.5% over a year. The cost of a typical home equals 18.5 years of that rent. With a median household income of $63,390 (Census ACS 2024), the typical home costs 5.7 times one year's income. According to BEA, metro prices stand at 97.9 compared with a US average of 100, while housing costs are at 99.1.
Rent, prices, and required salary for moving to Richmond: Richmond cost of living.
More housing markets in Virginia
- Virginia Beach $424,785
- Arlington, Virginia $801,809
- Norfolk homes $310,673.
- Alexandria housing $662,843.
- Roanoke market $277,549.
- Charlottesville housing $511,398.
Statewide information: Virginia housing market.
How to read this chart
Each point tracks the Zillow Home Value Index for Richmond, covering a home typical of the market's middle third, with smoothing and seasonal adjustments in that month's dollars. The hollow dot indicates the selected month on the slider, while the terracotta dot represents the most recent month. These values do not account for inflation, and the index tracks a typical home rather than one particular property, so use the card above or the home appreciation calculator to estimate a single home's value from its sale price.