Zip 23238 (Richmond, VA) Housing

The housing in 23238 Richmond, VA is high compared to the US median value of $338,100 with a median value of $384,300. Additionally, houses in this area have seen an appreciation increase of 13.65%, which is higher than the 1 year US house appreciation rate of 8.27%. This shows that investing in real estate in 23238 Richmond, VA could yield potential returns on investment.

The median home cost in Richmond (zip 23238) is $384,300. Home appreciation the last 10 years has been 94.1%. Home Appreciation in Richmond (zip 23238) is up 15.2%.

Average Age of Homes

- The median age of Richmond (zip 23238) real estate is 35 years old

The Rental Market in Richmond (zip 23238)

- Renters make up 35.0% of the Richmond (zip 23238) population
- 3.0% of houses and apartments in Richmond (zip 23238), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Richmond, Virginia	United States
	12,170.0	139,647,020.0
	38	42
	$384,300	$338,100
	15.2%	16.6%
	57.6%	57.0%
	94.1%	101.1%
	$7.86	$10.98
	$2,571	$2,690
	57.7%	57.4%
	6.4%	11.2%
	35.9%	31.4%
Vacant Housing
	3.0%	1.9%
	0.6%	0.4%
	0.1%	0.7%
	1.1%	0.4%
	0.6%	3.6%
	1.0%	4.1%
Value of Owner-Occupied Housing
	0.8%	2.6%
	0.3%	2.4%
	0.0%	2.8%
	0.2%	3.9%
	0.5%	4.5%
	5.5%	11.3%
	12.4%	13.0%
	24.2%	20.1%
	22.3%	13.6%
	9.6%	8.3%
	13.0%	9.7%
	7.6%	3.9%
	1.5%	2.2%
	1.0%	0.8%
	1.0%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	11.0%	13.6%
	11.0%	13.6%
	13.1%	13.6%
	28.5%	13.2%
	28.8%	14.8%
	13.1%	13.6%
	1.2%	10.0%
	0.3%	4.7%
	1.2%	12.2%

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