Richmond, VA Real Estate

According to census data in the year 2000 there were 92,282 housing units in Richmond. This represents a 2% decline from 94,141 in 1990.

Of those housing units, 92,282 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Richmond is about 46.1%. Richmond's vacancy rate, including seasonal lodging, is about 8.4%. Average household size is 2.21 people.

The majority of houses, apartments or condos in Richmond were built after 1955.


Housing Size

Housing Units by Size
Studio Type2.20%
One Bedroom18.50%
Two Bedrooms35.80%
Three Bedrooms29.30%
Four Bedrooms11.60%
Five Bedrooms or more2.60%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.35
Median year structure was built1950
Median Value of occupied units$87,300
Median Price asked for vacant units$67,900

Rented Homes, Apartments and Condos

Average Household Size2.08
Median year structure was built1961
Median Monthly Rent asked for vacant units$442

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.40%
Second Mortgage8.60%
Home Equity Loan9.20%
Simple Mortgage53.60%
Debt Free28.20%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs19.7%