$350,000
- 2 bd
- 2 ba
- 970 sqft
1900 Elmsmere Ave
Richmond City, VA Housing Market
$365,737
2.2% 1-yrThe average Richmond City, VA home value is $365,737, up 2.2% over the past year, and homes go to pending in around 11 days. (Updated on )
What is the Zillow Home Values Index?
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Richmond City Key Takeaways
Typical Home Values: $365,737
1-Year Value Change: +2.2%
(Data through September 30, 2026)
Richmond City Housing Market Overview
1-Year Market Forecast: --
For Sale Inventory: 562 ()
New Listings: 226 ()
Median Sale to List Ratio: 1.000 ()
Median Sale Price: $396,333 ()
Median List Price: $366,512 ()
Percent of Sales Over List Price: 43.0% ()
Percent of Sales Under List Price: 35.3% ()
Median Days to Pending: 11 ()
(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)
How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Cities in Richmond City
- NameMedian ZHVI
- Richmond$361,844
- Henrico$405,474
- Montrose$255,713
- Lakeside$340,289
- Bensley$257,320
- Chamberlayne$370,372
- Highland Springs$258,632
- Bellwood$322,730
- Midlothian$468,594
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Richmond City Rental Market Trends
Average Rent: $1,604 ()
National Average Rent: $1,932 ()
Month-Over-Month Change: -0.4% ()
Year-Over-Year Change: 2.7% ()
How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
Frequently Asked Questions
What are current home values in Richmond City, VA?
The median home value in Richmond City, VA is $365,737 as of September 2026. This represents a 0.4% increase compared to last month and a 2.2% increase year-over-year.
How do home values in Richmond City, VA compare to Virginia and the national average?
The median home value in Richmond City, VA ($365,737) compares to Virginia ($412,252) and the U.S. national median ($366,157).
What are the top cities in Richmond City, VA by home value?
The cities with the highest median home values in Richmond City, VA include: Richmond ($361,844). These cities represent the most expensive areas within the county.
