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Richmond city, Virginia

FIPS 51760

Juniper

Richmond city is in the highest 22% nationally for FEMA risk score. It also sits in the highest 6% nationally for home price against income. And it sits in the highest 11% nationally for median rent.

Typical Home Valuemedian home value (ACS), re-priced to today on the FHFA index

$420,718

Higher than 88% of U.S. counties
Home Price Growth, Past Five Years

53%

Near the U.S. counties median
FEMA Risk Score0–100; 0 = lowest modelled risk, 100 = highest, vs places of the same type

78.4

Higher than 78% of U.S. counties

The boundary of Richmond city.

The basics

Total Population

229,359

Median Age

34.7

Population Density

3,827.43

Home values & property tax

Median Property Tax

$3,150

Property Tax Rateyearly tax as a share of home value

0.89%

Cost of living & affordability

Home Price vs Incomeyears of income to buy a typical home

5.47×

Higher than 94% of U.S. counties
Median Income

$64,587

Near the U.S. counties median
Median Rent

$1,372

Higher than 89% of U.S. counties

Home prices & appreciation

Home Price Growth, Past Year

2.3%

Lower than 66% of U.S. counties
Pandemic Price Run-Up2019–20 low → 2022–23 peak

45%

2008 Crash: Peak-to-Trough Drophow far prices fell, 2007 → 2011

15%

Climate & weather

Summer Avg High (°F)

87.4

Winter Avg Low (°F)

30.4

Avg Temperature (°F)

58.9

Hot Days/yr (>90°F)

44.6

Freezing Days/yr (<32°F)

75.3

Annual Precipitation (in)

46.3

Annual Snowfall (in)

8.9

Flood & disaster risk

Coastal Flood Loss per $1,000

$0

The full report

Six pillars — each with percentile benchmarks, 16-year trends, and per-metric detail.

  • People

  • Work & Money

  • Housing

  • Amenities

  • Climate

  • Environment & Risk

Richmond city: frequently asked questions

What is the typical home value in Richmond city?
The estimated median home value in Richmond city today is $420,718, higher than 88% of U.S. counties.
How much is property tax in Richmond city?
The median annual property tax in Richmond city is $3,150, an effective rate of 0.89% of home value.
Is Richmond city expensive to live in?
Homes in Richmond city cost about 5.47× the median household income, higher than 94% of U.S. counties.
What is the average rent in Richmond city?
The median gross rent in Richmond city is $1,372 a month, higher than 89% of U.S. counties.
How much have home prices grown in Richmond city?
Home prices in Richmond city have moved 53% over the past five years (2.3% in the past year), per the FHFA House Price Index.
How many people live in Richmond city?
Richmond city has a population of 229,359, about 3,827.43 people per square mile, per the U.S. Census American Community Survey. The median age is 34.7.
What is the weather like in Richmond city?
Richmond city averages 58.9°F year-round, summer highs near 87.4°F, winter lows around 30.4°F (NOAA 1991–2020 normals). It sees about 8.9 inches of snow a year.
Is Richmond city at risk of flooding or natural disasters?
Richmond city's FEMA National Risk Index score is 78.4 (higher than 78% of U.S. counties). Its greatest modeled natural hazard is inland flooding. Expected annual loss from flooding is $0 per $1,000 of building value.

Sources: U.S. Census ACS, FEMA National Risk Index, FHFA House Price Index, OpenStreetMap contributors (ODbL), EPA. Explore the map →

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