The housing market in 23220 Richmond, VA is doing quite well. The median housing value in this area is $337,100, which is just slightly below the national median of $338,100. Additionally, the one-year appreciation rate for homes in this area is 13.65%, significantly higher than the 8.27% appreciation rate nationwide. This indicates that housing values in 23220 Richmond, VA are rapidly increasing and may be a great investment opportunity for potential homeowners or investors.
The median home cost in Richmond (zip 23220) is $337,100. Home appreciation the last 10 years has been 94.1%. Home Appreciation in Richmond (zip 23220) is up 15.2%.
Average Age of Homes
- The median age of Richmond (zip 23220) real estate is 78 years old
The Rental Market in Richmond (zip 23220)
- Renters make up 57.7% of the Richmond (zip 23220) population
- 3.5% of houses and apartments in Richmond (zip 23220), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.