Richmond County, Virginia Housing Market
In Richmond County, Virginia, the median home value is $231,500, with a median monthly rent of $1,067. This places Richmond County at #1067 nationally out of 3134 counties by median home value, and #82 within Virginia.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $917
- Establishments: 256
- BLS QCEW, 2025
Housing Supply
- Single-family: 25
- Multi-family: 2
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 3,171 (avg $62,987)
- Outflow: 2,980 (avg $63,415)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Richmond County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 22572 | 211.0 | +17.01% | 2025 |
| 2 | 22520 | 243.2 | -2.08% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
🔗 Explore Richmond County on Our Sister Sites
Get the complete picture for Richmond County — financing options and ongoing ownership costs.
💰 Mortgage Guide → 🧾 Property Tax Data →How Richmond County Compares
| Metric | Richmond County | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $231,500 | $295,807 | $227,706 |
| Median Gross Rent | $1,067 | $1,169 | $968 |
| Owner Occupancy Rate | 74.7% | 70.8% | 73.3% |
| Price/Rent Ratio | 18.1 | 20.3 | 18.7 |
Market Analysis
The median home value in Richmond County is 21.7% below the Virginia state average and 1.7% above the U.S. national average. The median rent of $1,067/month is 8.7% below the state average.
With a price-to-rent ratio of 18.1, the buy-vs-rent decision in Richmond County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Richmond County has an owner-occupancy rate of 74.7%, compared to 70.8% in Virginia and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Oglethorpe County | Georgia | $231,600 | $913 |
| Craven County | North Carolina | $231,600 | $1,110 |
| King and Queen County | Virginia | $231,600 | $1,004 |
| Oconto County | Wisconsin | $231,400 | $791 |
| Rock County | Wisconsin | $231,600 | $1,037 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| King and Queen County | $231,600 | $1,004 | 75.7% |
| Page County | $233,200 | $879 | 71.8% |
| Lynchburg city | $229,800 | $1,073 | 48.9% |
| Floyd County | $225,400 | $878 | 83.9% |
| Essex County | $238,100 | $972 | 71.7% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).