Richmond city · Richmond · population 233,655
Where Richmond stands
At or near all-time high.
Home value trajectory · last 10 years
Zillow ZHVI · monthlyLifestyle scores
Scores are heuristic estimates from population density, state, and known transit/walkable cities. Not based on a paid Walk Score / Transit Score API — see methodology for the formula.
Rent trajectory · last 5 years
Zillow ZORI · monthlyHome value vs rent · indexed to 100
Both rebased at first month of ZORI data (~2015)Rent vs buy
At a 18.6 price-to-rent ratio, Richmond is in the 'depends on horizon' zone. Buy if you'll be there 5+ years and value flexibility on the home; rent if you might move, want zero maintenance friction, or expect rates to drop.
How the momentum score breaks down
methodology →Richmond has held up across the cycle: home values at $374,265 with +5.2% 5-year CAGR. The bull case is structural — population, location, employer base — and holds even if next year's print is soft.
Richmond's bear case is the boring one: the cycle is real and any market that's run hard can stall. Watch for slowing population growth, rising days-on-market, or builder discounts as the early warning signals.
About Richmond
Richmond is a city in Richmond city, Virginia, with an estimated population of 233,655. The population grew 0.8% annually from 2020 to 2024, a moderate gain. The median home value in Richmond is $374,265 as of 2026-04, up 1.6% over the last 12 months. Over the last five years, home values have averaged +5.2% annual growth, with prices at or near the 5-year peak. Rents in Richmond average $1,678 per month, up 3.1% year-over-year. The composite momentum score is 69 of 100 (Rising). The market is healthy with prices supported by underlying demand.
▲ Bull case
▼ Bear case
About Richmond (Wikipedia)
Richmond is the capital city of the U.S. state of Virginia. Incorporated in 1742, Richmond has been an independent city since 1871. It is the fourth-most populous city in Virginia, with a population of 226,610 at the 2020 census. The Richmond metropolitan area, with over 1.37 million residents, is the third-most populous metropolitan area in Virginia and 44th-largest in the United States.
Source: Wikipedia · this summary is contributed and licensed under CC-BY-SA.
City facts
Extracted from the Wikipedia infobox. Values may be slightly out of date relative to the latest sources.
Playbook
You're not in a frenzy but you're not getting bargains either. Make a competitive offer with normal inspection terms. Don't lowball — the listing will move with or without you.
Price at fair market value; expect movement in 30-45 days. Don't get clever with terms (rent-back, contingencies) — buyers in a Rising market have options.
Appreciation tailwind exists but cash flow requires discipline on price. Run the numbers conservatively and confirm rent comps before committing.
Local safety & alerts
No active National Weather Service alerts for Richmond city right now.
Public-safety links are official .gov sources, not curated by us. Richmond city routes NWS alerts; check the state EM portal for non-weather emergencies.
Neighborhoods of Richmond
110 tracked · ranked by median home valueSee the full neighborhood ranking →
Cities like Richmond
Run the numbers for Richmond
Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.
Climate & natural-disaster risk
State-level averages from NOAA Climate Normals (1991-2020) and FEMA National Risk Index. City-level conditions can vary significantly within a state.
Current weather
Find rentals & listings
Open current Richmond listings on the major real-estate sites.
Links open the live search on the destination site — results are always current.
Local news & community
Latest news
- Man’s body pulled from James River in RichmondWRIC ABC 8News · 1d ago
- Richmond drivers surprised with free gas for this week’s Acts of KindnessWWBT · 1d ago
- How this 12-story Richmond hotel is going to change the look of Scott’s AdditionWTVR.com · 1d ago
- Charlotte Williams Obituary (1930 – 2026) – Richmond, VA – Richmond Times-DispatchLegacy · 21h ago
- Richmond neighbors: Obituaries for May 20Richmond Times-Dispatch · 7h ago
- Two charges dropped against father accused of killing two Richmond studentsWRIC ABC 8News · 1d ago
Local chatter (Reddit)
Updated 2026-05-21 from Google News + Reddit RSS. Headlines link to original sources.
Local sports teams
Major professional teams the Richmond area cheers for. Detailed stats, schedules, and player pages on intherafters.com.
Local economy & environment
Humidity is annual average relative humidity (NOAA). Income is Census ACS 5-year estimate. Industries are largest employment sectors statewide (BLS); the local mix in a given city may vary.
Cities similar to Richmond
Explore other places with comparable momentum or affordability.