Real Estate Investing in Richmond City, Virginia

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

7 ZIP codes • Population: 176,366

Should you buy in Richmond City County, VA? Our answer, based on the numbers below.

🏠 For Homebuyers
CAUTION
Grade D (48/100)

Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.

πŸ“ˆ For Investors
MIXED
2.9 / 5 (45/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • Elevated vacancy: 8.9% vacancy may signal weakening demand.

What’s happening in Richmond City County, VA?

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2.9/ 5

Investability

County-wide average

3.0/ 5

Appreciation

5.5% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $425,656
Avg Monthly Rent $1,732
ZIP Codes 7

Investing in Richmond City County Real Estate

Richmond City County (VA) covers 7 ZIPs and 1 municipalities. clearly the fundamentals here skew distressed, and both rent and price trends have been thin across most of the geography.

Richmond City is the kind of county where the cap rate on paper and the cap rate realized tend to diverge. unambiguously out-of-state capital should be especially careful with carry-in assumptions.

Richmond City County's population trends and income levels suggest a region where affordability is strained, constraining how aggressively rents can rise without hurting collections.

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Landlord Ground Truth

Real numbers from people who own or manage rentals in Richmond City County, VA. Anonymous, moderated, never written by AI.

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Property managers serving Richmond City County

Manage rentals here? List your business →

Landmark Property Services Inc. provides property management services, including apartment search and resident services. summary from their website

Unclaimed β€” is this your business? Claim it free

Peak Property Management offers residential property management and lease-only services in Richmond and surrounding areas. summary from their website

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Real Property Management Richmond Metro is a property management company in Richmond, VA, focused on delivering peace of mind. summary from their website

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Listings are shown for convenience β€” Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.

Avg Home Value
$425,656
Avg Monthly Rent
$1,732
1% Rule
βœ— Below
Landlord Friendly (VA)
β˜…β˜…β˜…β˜…β˜…

πŸ“‰ Market Crash Risk Index

Based on Richmond, VA metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
29%
Days Pending
0/2
31 days

View all metro crash risk rankings β†’

πŸŽ“ Colleges & Universities in Richmond City County

11 Colleges 39,421 Students 2,282 Off-Campus Renters
C+
Virginia Commonwealth University
4-Year Public Β· 28,238 students
πŸ“ ~1,073 students rent off-campus
C
J Sargeant Reynolds Community College
2-Year Public Β· 7,707 students
πŸ“ ~1,209 students rent off-campus
C
Lotus Professional College
4-Year For-Profit Β· 161 students
C
Union Presbyterian Seminary
4-Year Private Β· 173 students
C
Bon Secours St Mary's Hospital School of Medical Imaging
2-Year Private Β· 31 students
C
Virginia Union University
4-Year Private Β· 1,662 students
D
Bon Secours Memorial College of Nursing
4-Year Private Β· 527 students
D
Henrico County-Saint Marys Hospital School of Practical Nursing
Vocational Public Β· 79 students
D
Empire Beauty School-Richmond
Vocational For-Profit Β· 70 students
D
Galen Health Institutes-Richmond
2-Year For-Profit Β· 374 students
D
Fortis College-Richmond
2-Year For-Profit Β· 399 students

Investor Insight: With 2,282 students living off-campus, Richmond City County has substantial rental demand from the college population β€” typically stable, lease-renewing tenants.

Cities in Richmond City County

ZIP Codes in Richmond City County, VA

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Frequently Asked Questions About Richmond City County

How much do tenants pay in, VA?

Investors in, VA typically see rents near $1,732/mo per month against $426K home values - a solid setup for rental cash flow.

Are home values higher in, VA than the rest of VA?

Compared with VA overall, is broadly in line with on price and yield. $426K homes against $1,732/mo rents drive the comparison.

Is real estate in, VA a good investment right now?

Investors tracking, VA will find a 2.9/5 rating supported by $426K median home values and $1,732/mo rents. That profile suits long-term holders targeting even-keeled returns.

How much does a house cost in, VA?

The median home value in, VA is roughly $426K. That puts it reasonable relative to the VA statewide average.

Community Ratings

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