Home Values

23221 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

$321,400

  • 4.8% 1-year change
  • 3.5% 1-year forecast

The median home value in 23221 is $321,400. 23221 home values have gone up 4.8% over the past year and Zillow predicts they will rise 3.5% within the next year. The median rent price in 23221 is $975, which is lower than the Richmond median of $1,045.

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 23221 homeowners underwater on their mortgage is 10.0%, which is lower than Richmond at 24.7%.

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Relative ZHVI
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23221 Market Overview

Data through Jun 30, 2015
  • $321,400 ZHVI
  • 3.5% 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
    (Jun 30, 2016)
  • No data Median listing price
  • $335,400 Median sale price
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23221 Market Health

Data through Jun 30, 2015
  • 9.1/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 10.0% 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)

6 Richmond
4 United States
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Nearby Zip Codes

Name Median ZHVI
23226 $262,700
23220 $198,200
23230 $168,500
Name Median ZHVI
23225 $155,100
 
 

Listings & Sales

Data through Jun 30, 2015
  • No recent data Median list price / sq ft
  • $212 Median sale price / sq ft
  • No data Listings with price cut
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23221 Rentals

Data through Jun 30, 2015
  • Zillow Rent Index

  • $1,587 23221
    $1,143 Richmond
    $1,369 United States

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

  • 4.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • $975 Rent list price
  • $1.10 Rent list price / sq ft
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