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Museum District (Tract 040700)

Richmond, Virginia

FIPS 51760040700

Juniper

Museum District (Tract 040700) is in the lowest 1% nationally for FEMA risk score. It also sits in the highest 8% nationally for home price against income. And it sits in the lowest 14% nationally for home price growth over the past year.

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

$622,398

Higher than 79% of U.S. tracts
Home Price Growth, Past Five Years

39%

Lower than 79% of U.S. tracts
FEMA Risk Score0–100; 0 = lowest modelled risk, 100 = highest, vs places of the same type

1.7

Lower than 99% of U.S. tracts

The basics

Total Population

2,939

Median Age

32.7

Population Density

11,112.97

Home values & property tax

Median Property Tax

$5,465

Property Tax Rateyearly tax as a share of home value

0.99%

Cost of living & affordability

Home Price vs Incomeyears of income to buy a typical home

8.11×

Higher than 92% of U.S. tracts
Median Income

$67,897

Lower than 61% of U.S. tracts
Median Rent

$1,453

Higher than 57% of U.S. tracts

Home prices & appreciation

Home Price Growth, Past Year

-3.8%

Lower than 86% of U.S. tracts
Pandemic Price Run-Up2019–20 low → 2022–23 peak

32%

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

9.5%

Climate & weather

Summer Avg High (°F)

87.5

Winter Avg Low (°F)

30.5

Avg Temperature (°F)

59

Hot Days/yr (>90°F)

44.9

Freezing Days/yr (<32°F)

73.5

Annual Precipitation (in)

47.1

Annual Snowfall (in)

8.8

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

Museum District (Tract 040700): frequently asked questions

What is the typical home value in Museum District (Tract 040700)?
The estimated median home value in Museum District (Tract 040700) today is $622,398, higher than 79% of U.S. tracts.
How much is property tax in Museum District (Tract 040700)?
The median annual property tax in Museum District (Tract 040700) is $5,465, an effective rate of 0.99% of home value.
Is Museum District (Tract 040700) expensive to live in?
Homes in Museum District (Tract 040700) cost about 8.11× the median household income, higher than 92% of U.S. tracts.
What is the average rent in Museum District (Tract 040700)?
The median gross rent in Museum District (Tract 040700) is $1,453 a month, higher than 57% of U.S. tracts.
How much have home prices grown in Museum District (Tract 040700)?
Home prices in Museum District (Tract 040700) have moved 39% over the past five years (-3.8% in the past year), per the FHFA House Price Index.
How many people live in Museum District (Tract 040700)?
Museum District (Tract 040700) has a population of 2,939, about 11,112.97 people per square mile, per the U.S. Census American Community Survey. The median age is 32.7.
What is the weather like in Museum District (Tract 040700)?
Museum District (Tract 040700) averages 59°F year-round, summer highs near 87.5°F, winter lows around 30.5°F (NOAA 1991–2020 normals). It sees about 8.8 inches of snow a year.
Is Museum District (Tract 040700) at risk of flooding or natural disasters?
Museum District (Tract 040700)'s FEMA National Risk Index score is 1.7 (lower than 99% of U.S. tracts). Its greatest modeled natural hazard is inland flooding. Modeled coastal-flood loss is negligible.

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

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