Home Values

23220 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$198,900

  • 2.1% 1-year change
  • 1.9% 1-year forecast

The median home value in 23220 is $198,900. 23220 home values have gone up 2.1% over the past year and Zillow predicts they will rise 1.9% within the next year. The median rent price in 23220 is $1,190, which is higher than the Richmond median of $1,025.

Foreclosures will be a factor impacting home values in the next several years. In 23220 3.2 homes are foreclosed (per 10,000). This is lower than the Richmond value of 4.8 and also lower than the national value of 3.5

With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 23220 homeowners underwater on their mortgage is 15.6%, which is lower than Richmond at 24.7%.

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Relative ZHVI
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23220 Market Overview

Data through May 31, 2015
  • $198,900 ZHVI
  • 1.9% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (May 31, 2016)
  • No data Median listing price
  • $272,500 Median sale price
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23220 Market Health

Data through May 31, 2015
  • No recent data Healthy
  • No data Average days on Zillow
  • 15.6% Homes with negative equity (15.4% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.0% US Avg)

Homes foreclosed (per 10,000)

3 23220
5 Richmond
4 United States
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US Metro Areas

Name Median ZHVI
Los Angeles Metro $516,700
New York Metro $369,400
Washington Metro $347,500
Name Median ZHVI
Philadelphia Metro $192,100
Miami-Fort Lauderdale Metro $190,300
Chicago Metro $178,500
Name Median ZHVI
Houston Metro $154,700
Dallas-Fort Worth Metro $143,900
Atlanta Metro $140,300

Listings & Sales

Data through May 31, 2015
  • No recent data Median list price / sq ft
  • $174 Median sale price / sq ft
  • No data Listings with price cut
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23220 Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,404 23220
    $1,139 Richmond
    $1,367 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,190 Rent list price
  • $1.19 Rent list price / sq ft
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