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Richmond Metro Area Housing

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As of 2010-2014, median price of a house in Richmond Area is $214,900, which is lower than the state average of $243,500 and is higher than the national average of $175,700. The median year that a house in Richmond Area was built is 1979, which is about the same as the median year for a house built in the state which is 1980 and is newer than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 308,173 Owner Occupied Houses in Richmond Area, #91

Richmond Area	214,900 USD
Virginia	243,500 USD
U.S.	175,700 USD

Median House Price Growth Since 2005-2009, see rank

Richmond Area		-0.32%
Virginia		94.18%
U.S.		46.91%

*The Richmond Area median house price growth rate is since 2005-2009. The Virginia and U.S population growth rate is since 2000.

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Richmond Area	Virginia	U.S.
Total Housing Units	512,296, see rank, 100%	3,403,241	132,741,033
Occupied Housing Units	463,593, 90.49%, see rank	89.38%	87.55%
Owner Occupied	308,173, 60.16%, see rank	59.60%	56.34%
Renter Occupied	155,420, 30.34%, see rank	29.78%	31.21%
Vacant Housing Units	48,703, 9.51%, see rank	10.62%	12.45%
For Rent	16,537, 3.23%, see rank	2.10%	2.34%
For Sale Only	5,288, 1.03%, see rank	1.09%	1.20%
Rented or Sold, Not Occupied	7,959, 1.55%, see rank	1.20%	0.92%
For Seasonal, Recreational, or Occasional Use	4,228, 0.83%, see rank	2.67%	3.97%
For Migrant Workers	3, 0.00%, see rank	0.02%	0.03%
Other Vacant	14,688, 2.87%, see rank	3.55%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #299

Richmond Area	Virginia	U.S.
1979	1980	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Richmond Area	%	Virginia	U.S.
Owner-Occupied Units	308,173	100%	2,028,244	74,787,460
With a Mortgage	225,741	73.25%, see rank	71.14%	65.58%
Without a Mortgage	82,432	26.75%, see rank	28.86%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Richmond Area	1,564 USD
Virginia	1,742 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Richmond Area	%	Virginia	U.S.
$299 or Less	487	0.22%, see rank	0.23%	0.20%
$300 to $499	2,623	1.16%, see rank	1.45%	1.59%
$500 to $699	7,080	3.14%, see rank	3.72%	5.01%
$700 to $999	25,137	11.14%, see rank	10.40%	14.32%
$1,000 to $1,499	68,888	30.52%, see rank	23.15%	27.90%
$1,500 to $1,999	58,959	26.12%, see rank	21.20%	20.35%
$2,000 to $2,999	46,774	20.72%, see rank	24.77%	19.52%
$3,000 or More	15,793	7.00%, see rank	15.06%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Richmond Area	23.10% of the Total Income
Virginia	23.20% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Richmond Area	%	Virginia	U.S.
10% or Less	14,568	6.45%, see rank	6.18%	5.86%
10% to 20%	73,752	32.67%, see rank	32.74%	31.95%
20% to 30%	66,023	29.25%, see rank	29.30%	27.64%
30% to 40%	31,145	13.80%, see rank	13.96%	13.74%
40% or More	39,417	17.46%, see rank	17.46%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Richmond Area	448 USD
Virginia	429 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Richmond Area	%	Virginia	U.S.
$199 or Less	3,459	4.20%, see rank	8.34%	7.76%
$200 to $299	10,847	13.16%, see rank	17.18%	14.70%
$300 to $499	36,271	44.00%, see rank	35.90%	34.63%
$500 to $699	19,469	23.62%, see rank	20.27%	21.16%
$700 or More	12,386	15.03%, see rank	18.31%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Richmond Area	10.70% of the Total Income
Virginia	10.80% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Richmond Area	%	Virginia	U.S.
10% or Less	38,667	46.91%, see rank	46.49%	40.19%
10% to 20%	24,677	29.94%, see rank	29.97%	31.47%
20% to 30%	8,785	10.66%, see rank	10.53%	12.24%
30% to 40%	3,715	4.51%, see rank	4.67%	5.64%
40% or More	5,875	7.13%, see rank	7.24%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Richmond Area	Virginia	U.S.
Total Housing Units	512,296, 100%	3,403,241	132,741,033
1-unit, Detached	356,379, 69.57%, see rank	61.97%	61.65%
1-unit, Attached	29,547, 5.77%, see rank	10.88%	5.82%
2 Units	10,518, 2.05%, see rank	1.67%	3.75%
3 or 4 Units	17,277, 3.37%, see rank	2.74%	4.43%
5 to 9 Units	27,038, 5.28%, see rank	4.64%	4.78%
10 or More Units	58,701, 11.46%, see rank	12.76%	13.08%
Mobile Home, Boat, RV, Van, etc.	12,836, 2.51%, see rank	5.34%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Richmond Area	Virginia	U.S.
Total Housing Units	512,296, 100%	3,403,241	132,741,033
1 Room	5,136, 1.00%, see rank	1.33%	1.95%
2 Rooms	9,227, 1.80%, see rank	1.73%	2.48%
3 Rooms	31,675, 6.18%, see rank	6.92%	9.13%
4 Rooms	71,718, 14.00%, see rank	14.48%	16.60%
5 Rooms	86,616, 16.91%, see rank	17.82%	20.41%
6 Rooms	87,338, 17.05%, see rank	16.80%	18.06%
7 Rooms	71,497, 13.96%, see rank	13.06%	12.27%
8 Rooms	63,149, 12.33%, see rank	10.92%	8.48%
9 Rooms or More	85,940, 16.78%, see rank	16.94%	10.60%
Median Rooms	6.10, see rank	6.00	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Richmond Area	Virginia	U.S.
Total Housing Units	512,296, 100%	3,403,241	132,741,033
No Bedroom	5,650, 1.10%, see rank	1.46%	2.17%
1 Bedroom	38,855, 7.58%, see rank	8.47%	11.16%
2 Bedrooms	117,242, 22.89%, see rank	23.83%	26.69%
3 Bedrooms	204,841, 39.98%, see rank	39.65%	39.70%
4 Bedrooms	114,403, 22.33%, see rank	20.28%	16.05%
5 or More Bedrooms	31,305, 6.11%, see rank	6.31%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Richmond Area	Virginia	U.S.
Total Housing Units	463,593, 100%	3,041,710	116,211,092
Utility Gas	133,038, 28.70%, see rank	33.74%	48.85%
Bottled, Tank, or LP Gas	12,828, 2.77%, see rank	4.51%	4.86%
Electricity	278,419, 60.06%, see rank	52.28%	36.68%
Fuel Oil, Kerosene, etc.	30,217, 6.52%, see rank	6.01%	5.86%
Coal or Coke	84, 0.02%, see rank	0.08%	0.12%
Wood	6,239, 1.35%, see rank	2.76%	2.12%
Solar Energy	92, 0.02%, see rank	0.02%	0.05%
Other Fuel	992, 0.21%, see rank	0.29%	0.47%
No Fuel Used	1,684, 0.36%, see rank	0.30%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Richmond Area	Virginia	U.S.
Occupied Units Paying Rent	148,369, 100%	957,686	39,201,928
$199 or Less	3,557, 2.40%, see rank	1.61%	1.50%
$200 to $299	3,950, 2.66%, see rank	2.46%	3.18%
$300 to $499	6,144, 4.14%, see rank	5.54%	7.37%
$500 to $699	13,390, 9.02%, see rank	10.39%	16.01%
$700 to $999	50,525, 34.05%, see rank	22.57%	29.17%
$1,000 to $1,499	54,764, 36.91%, see rank	30.50%	26.88%
$1,500 to $1,999	11,708, 7.89%, see rank	15.76%	9.79%
$2,000 or More	4,331, 2.92%, see rank	11.16%	6.10%
Median	$981, see rank	$1,108	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Richmond Area	Virginia	U.S.
Occupied Housing Units	463,593, 100%	3,041,710	116,211,092
No Vehicles Available	31,761, 6.85%, see rank	6.38%	9.12%
1 Vehicles Available	146,469, 31.59%, see rank	30.54%	33.80%
2 Vehicles Available	169,496, 36.56%, see rank	38.24%	37.48%
3 or More Vehicles Available	115,867, 24.99%, see rank	24.84%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.