Home Values

Richmond 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

$141,600

  • 2.8% 1-year change
  • 2.1% 1-year forecast

The median home value in Richmond is $141,600. Richmond home values have gone up 2.8% over the past year and Zillow predicts they will rise 2.1% within the next year. The median list price per square foot in Richmond is None. The median rent price in Richmond is $1,025, which is lower than the Richmond Metro median of $1,100.

Foreclosures will be a factor impacting home values in the next several years. In Richmond 4.8 homes are foreclosed (per 10,000). This is greater than the Richmond Metro value of 3.4 and also greater than the national value of 3.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Richmond is 5.2%, which is lower than the national value of 6.0%. 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 Richmond homeowners underwater on their mortgage is 24.7%, which is higher than Richmond Metro at 19.3%.

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Relative ZHVI
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Richmond Market Overview

Data through May 31, 2015
  • $141,600 ZHVI
  • 2.1% 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
  • $224,950 Median sale price
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Richmond Market Health

Data through May 31, 2015
  • No recent data Less healthy
  • No data Average days on Zillow
  • 24.7% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 5.2% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

4.8 homes Richmond
3.4 homes Richmond Metro
3.5 homes United States
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Neighborhoods in Richmond

Name Median ZHVI
Westover Hills $290,500
Forest Hill $246,100
Carillon $235,600
Name Median ZHVI
Byrd Park $220,900
Woodland Heights $200,600
Forest Hill Terrace $190,600
Name Median ZHVI
Randolph $143,000
Maymont $132,600
Swansboro West $76,800

Listings & Sales

Data through May 31, 2015
  • No recent data Median list price / sq ft
  • $152 Median sale price / sq ft
  • No data Listings with price cut
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Richmond Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,139 Richmond
    $1,331 Richmond Metro
    $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

  • 2.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,025 Rent list price
  • $1.04 Rent list price / sq ft
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