Area data
Richmond, VA — ZIP 23231
Population: 38,544 (Census ACS)
Home values & appreciation
- Median home value
- $338,475
- 1-year appreciation
- +2.3%
- 3-year appreciation
- +5.4%
- 5-year appreciation
- +31.2%
- 10-year appreciation
- +97.1%
- All-time peak (2026-07)
- $338,475
- House Price Index
- 423.6 (+3.3% YoY)
Market activity
- Median sale price
- $670,000
- Median list price
- $587,440
- Median days on market
- 26 days
- Sale-to-list ratio
- 97.5%
- Active listings
- 6
- 1-year forecast
- +1.7%
- Days to pending
- 23 days
- New listings (monthly)
- 43
Rents
- Typical rent
- $1,694/mo
- 1-year rent change
- +2.8%
- 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
- 8
- Elementary schools
- 5
- Middle schools
- 1
- High schools
- 1
Natural hazards & flood risk
- Overall hazard risk
- Relatively Moderate
- Top hazards
- iceStorm, lightning, winterWeather, drought, earthquake
- FEMA flood zone
- X
- Flood risk level
- Minimal
Climate (30-year normals)
- Average annual temperature
- 61.0°F
- Average high
- 71.0°F
- Average low
- 51.0°F
- Annual precipitation
- 40.3 in
- Annual snowfall
- 1.2 in
Air quality
- Air quality rating
- Good
- Median AQI (annual)
- 46
- Days with Good air quality
- 221
- Days with Unhealthy air quality
- 1
Walkability & transit
- Walkability index
- 6.2 / 20
- Transit service frequency
- -99,999
Amenities
- National parks within ~60 mi
- 8
- Nearest national park
- Richmond National Battlefield Park (3 mi)
- Nearest airport
- Richmond International Airport (RIC) (4 mi)
- Nearest major airport
- Richmond International Airport (RIC) (4 mi)
- Hospitals nearby (~15 mi)
- 8
- Avg hospital rating
- 3.3 / 5
- Solar radiation rating
- Fair (4.3 kWh/m²/day)
Migration
- Net migration
- -229 tax filers
Housing stock
- Median year housing built
- 1,989
- Median annual property tax
- $1,933
- Mean commute to work
- 23 min
- Households with broadband internet
- 73.3%
Employment & development
- Total county employment
- 166,762
- Average weekly wage
- $1,320
- Top industries (by employment)
- Health Care, Professional Services, Administrative Services
- Annual residential building permits (county)
- 921
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 →