Zip 23294 (Richmond, VA) Housing

The housing in 23294 Richmond, VA is more expensive than the US median house value at $314,300. In addition to this, the 1 year appreciation rate of the housing in this area is 13.65%, higher than the 8.27% national average. This percentage is indicative of a strong and healthy real estate market that continues to appreciate over time. With low interest rates and high quality homes, it's an attractive option for homebuyers looking for a safe investment and a good place to live.

The median home cost in Richmond (zip 23294) is $314,300. Home appreciation the last 10 years has been 94.1%. Home Appreciation in Richmond (zip 23294) is up 15.2%.

Average Age of Homes

- The median age of Richmond (zip 23294) real estate is 37 years old

The Rental Market in Richmond (zip 23294)

- Renters make up 61.9% of the Richmond (zip 23294) population
- 2.9% of houses and apartments in Richmond (zip 23294), 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
	8,719.0	139,647,020.0
	40	42
	$314,300	$338,100
	15.2%	16.6%
	57.6%	57.0%
	94.1%	101.1%
	$7.90	$10.98
	$1,838	$2,690
	34.2%	57.4%
	5.3%	11.2%
	60.5%	31.4%
Vacant Housing
	2.9%	1.9%
	1.5%	0.4%
	0.1%	0.7%
	0.4%	0.4%
	0.1%	3.6%
	0.3%	4.1%
Value of Owner-Occupied Housing
	1.3%	2.6%
	2.0%	2.4%
	0.9%	2.8%
	0.0%	3.9%
	0.3%	4.5%
	3.3%	11.3%
	19.4%	13.0%
	60.5%	20.1%
	9.8%	13.6%
	1.1%	8.3%
	1.2%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.4%	0.2%
	6.5%	13.6%
	6.5%	13.6%
	18.9%	13.6%
	22.5%	13.2%
	22.5%	14.8%
	18.9%	13.6%
	7.7%	10.0%
	0.9%	4.7%
	1.5%	12.2%

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