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Area data

Richmond, VA — ZIP 23221

Population: 14,402 (Census ACS)

Home values & appreciation

Median home value
$659,121
1-year appreciation
+2.2%
3-year appreciation
+33.3%
5-year appreciation
+31.7%
10-year appreciation
+88.0%
All-time peak (2026-07)
$659,121
House Price Index
423.6 (+3.3% YoY)

Market activity

Median sale price
$550,000
Median list price
$520,000
Median days on market
9 days
Sale-to-list ratio
96.8%
1-year forecast
+1.8%
Days to pending
21 days
New listings (monthly)
21

Rents

Typical rent
$1,785/mo
1-year rent change
+2.6%
1BR fair-market rent
$1,143/mo
3BR fair-market rent
$1,735/mo

Affordability

Cost of living index (Above Average)
103.5 (100 = US avg)
Electricity rate (state-level)
15.3¢/kWh
Natural gas rate (state-level)
$16.80/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Schools

Total schools
2
Elementary schools
1
Middle schools
1
High schools
0

Natural hazards & flood risk

Overall hazard risk
Relatively Low
Top hazards
earthquake, heatWave, inlandFlooding, lightning, tornado
FEMA flood zone
X
Flood risk level
Minimal

Climate (30-year normals)

Average annual temperature
79.0°F
Average high
80.0°F
Average low
78.0°F
Annual precipitation
48.3 in

Air quality

Air quality rating
Good
Median AQI (annual)
45
Days with Good air quality
227
Days with Unhealthy air quality
3

Walkability & transit

Walkability index
16.2 / 20
Transit service frequency
149

Amenities

National parks within ~60 mi
9
Nearest national park
Maggie L Walker National Historic Site (3 mi)
Nearest airport
Richmond International Airport (RIC) (10 mi)
Nearest major airport
Richmond International Airport (RIC) (10 mi)
Hospitals nearby (~15 mi)
339
Avg hospital rating
3.0 / 5
Solar radiation rating
Fair (4.3 kWh/m²/day)

Migration

Net migration
-169 tax filers

Housing stock

Median year housing built
1,943
Median annual property tax
$5,920
Mean commute to work
12 min
Households with broadband internet
87.1%

Employment & development

Total county employment
120,989
Average weekly wage
$1,538
Top industries (by employment)
Health Care, Accommodation & Food, Professional Services
Annual residential building permits (county)
24

Area data compiled from public government, academic, and industry research feeds. Data sources →

Data last updated

Most recent source refresh: Aug 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents