Most Affordable ZIP Codes in Richmond, VA (2026)
The lowest entry prices that still hold a decent investability rating — cheap is only useful if the market underneath it is sound.
| # | ZIP | City | Home value | Rent | Cap rate | 5-yr growth |
|---|---|---|---|---|---|---|
| 1 | 23867 | Jarratt, VA | $172,966 | $918 | 4.14% | 6.5% |
| 2 | 23882 | Stony Creek, VA | $192,868 | $1,386 | 5.61% | 5.3% |
| 3 | 23890 | Waverly, VA | $193,930 | $1,386 | 5.57% | 6.1% |
| 4 | 23897 | Yale, VA | $197,104 | $1,386 | 5.48% | 4.3% |
| 5 | 23888 | Wakefield, VA | $215,329 | $1,071 | 3.88% | 6.4% |
| 6 | 23860 | Hopewell, VA | $236,854 | $1,260 | 4.15% | 7.0% |
| 7 | 23803 | Petersburg, VA | $240,815 | $1,306 | 4.23% | 9.7% |
| 8 | 23966 | Farmville, VA | $245,682 | $1,386 | 4.40% | 4.1% |
| 9 | 23224 | Richmond, VA | $247,760 | $1,551 | 4.88% | 8.3% |
| 10 | 23075 | Highland Springs, VA | $260,239 | $1,666 | 4.99% | 7.8% |
| 11 | 23805 | Petersburg, VA | $270,559 | $1,405 | 4.05% | 9.3% |
| 12 | 23872 | McKenney, VA | $276,003 | $1,386 | 3.92% | 8.3% |
| 13 | 23156 | Shacklefords, VA | $277,664 | $1,125 | 3.16% | 6.2% |
| 14 | 23030 | Charles City, VA | $279,323 | $1,386 | 3.87% | 3.7% |
| 15 | 23850 | Ford, VA | $280,994 | $1,386 | 3.85% | 7.0% |
| 16 | 23222 | Richmond, VA | $284,838 | $1,714 | 4.69% | 7.1% |
| 17 | 23148 | Aylett, VA | $295,382 | $1,188 | 3.14% | 7.1% |
| 18 | 23834 | Colonial Heights, VA | $299,843 | $1,565 | 4.07% | 6.1% |
| 19 | 23223 | Henrico, VA | $300,253 | $1,539 | 4.00% | 6.2% |
| 20 | 23881 | Spring Grove, VA | $302,501 | $1,386 | 3.57% | 4.7% |
| 21 | 23840 | Dewitt, VA | $303,361 | $1,449 | 3.73% | 7.3% |
| 22 | 22560 | Tappahannock, VA | $306,800 | $1,080 | 2.75% | 4.9% |
| 23 | 22437 | Center Cross, VA | $310,362 | $1,080 | 2.71% | 5.5% |
| 24 | 23083 | Jetersville, VA | $313,051 | $1,386 | 3.45% | 6.5% |
| 25 | 23234 | Richmond, VA | $314,828 | $1,572 | 3.90% | 7.0% |
Ranked from Repit’s own ZIP-level data — Zillow home values and rents, HUD fair-market rents where Zillow has no coverage, and U.S. Census vacancy. Cap rate is gross: annual rent over purchase price, before financing and expenses. Every ZIP above links to its full free page. How we calculate this →
Same metro, different strategy
Cash Flow in Richmond, VA · Appreciation in Richmond, VA
Or see the full Richmond, VA metro profile.