Richmond, VA

Richmond, VA real estate market: appreciation, rent growth, cap rate, IRR, and property taxes.

Appreciation
: 3.7%/yr.
Rent growth
: 3.2%/yr.
Median cap rate
: 3.9%.
Median IRR
: 5.8%.
Median rental home value
: $336,000.
Median rental rate
: $1,447/mo.
Median property tax
: $2,532/yr.

Sources: FHFA House Price Index®, U.S. Census Bureau ACS 5-year estimates, and Rescover analysis of public single-family listings, updated September 2026.

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ZIP codes in Richmond, VA

Rental market data for every ZIP code in this metro area.