Richmond, VA 23220 - Real Estate Investment Insights & Performance Data

Welcome to our 23220 real estate data hub, tailored for investors in Richmond, VA. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.

Explore essential data such as home prices, rental rates, and appreciation trends specific to 23220 in Richmond, VA. Discover Section 8 housing opportunities and challenges to maximize your investment potential in RICHMOND CITY.

Leverage our comprehensive, zip code-specific data to excel in Richmond, VA real estate investing. Uncover the wealth of information available, and position yourself for success in the Richmond property market.

• Location Overview

  • Zip Code: 23220
  • City: Richmond
  • State: VA
  • Metro Area: Richmond, VA
  • County Name: RICHMOND CITY

• Real Estate Market Snapshot

  • Average Home Price (All Types): $362,660
  • Average Home Price (Single Family Homes): $380,458
  • Average Monthly Rental Price (All Types): $1,669
  • Price-to-Rent Ratio: 18
  • Zillow Projected % appreciation from 4/2023-4/2024: 1.6%

• Section 8 Housing Insights

  • Average 2 Bedroom Section 8 Rental Rates: $1,570
  • Average 3 Bedroom Section 8 Rental Rates: $2,030
  • Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 19.25
  • Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 14.89
  • Number of Units Offered in Section 8 in the County: 5683
  • Number of Occupied Units in Section 8 in the County: 5408
  • Percentage of Section 8 Units Occupied in the County: 95.19999695%

• Historical & Recent Price Appreciation Rates

  • Total % Appreciation since 1990 (Government Data): 381.61
  • Total % Appreciation since 2000 (Government Data): 217.15
  • YTD Appreciation (Backwards from 4/2023, Realtor Data): 0.38%
  • 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 1.67%
  • 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 21.18%
  • 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 35.17%
  • 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 89.73%
  • 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 71.68%
  • 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 179.13%

• Historical & Recent Rent Appreciation Rates

  • YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 2.36%
  • 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 9.06%
  • 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 25.49%
  • 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 38.34%