Richmond, VA Home Values (2026)
The median home value in Richmond is about $387,000 (~$240/sq ft) — 33% more expensive than the typical U.S. home. Below: how Richmond compares, values by home size and ZIP code, and a free tool for your own address.
Thinking of moving to Richmond?
Here’s what the numbers say about housing costs in Richmond. A typical home runs about $387,000, which is 33% more expensive than the national median and 16% more expensive than the Virginia average. At roughly $240 per square foot, a median budget here buys you around 1,610 sq ft of home.
Prices swing a lot by neighborhood: across Richmond’s 10 ZIP codes, the most affordable is 23224 (~$249,000) and the priciest is 23221 (~$662,000) — roughly a 2.7× difference. If you’re relocating, that spread is where the real budgeting happens, so it pays to target ZIP by ZIP rather than the citywide average.
Richmond home value by size
Using the local rate of about $240 per square foot, here’s a rough estimate by home size. Condition, lot, and exact location move these meaningfully.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $240,000 |
| 1,500 sq ft | $360,000 |
| 2,000 sq ft | $480,000 |
| 2,500 sq ft | $600,000 |
| 3,000 sq ft | $720,000 |
Estimate your specific home in Richmond
Enter your ZIP and size for an instant estimate tailored to your exact area:
Home values by ZIP code in Richmond, VA
Typical value and price per square foot for each Richmond ZIP code we have data for:
| ZIP code | Typical value | $ / sq ft |
|---|---|---|
| 23221 | $662,000 | $382 |
| 23226 | $594,000 | $395 |
| 23220 | $455,000 | $310 |
| 23235 | $423,000 | $231 |
| 23236 | $398,000 | $230 |
| 23225 | $376,000 | $248 |
| 23219 | $369,000 | $346 |
| 23234 | $316,000 | $222 |
| 23222 | $287,000 | $232 |
| 23224 | $249,000 | $221 |
Grow your home’s value in Richmond
Use our Increase Home Value calculator to see which improvements add the most, or read the pre-sale projects that actually pay off. See how Richmond stacks up against other Virginia cities on the Virginia home values page, or browse the full U.S. directory.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. Actual values vary by home and change over time.