Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$244,453+3.2% YoY · prices are rising fast
Market right nowSeller's marketFewer homes for sale than last year, 11% have cut their price
Income needed to buy, per year$52,992About 0.8× the local median income ($63,040): affordable for a typical household
Days on market76 daysSlower than a year ago: buyers have time to negotiate
The typical home in Richmond County, VA is worth $244,453, up 3.2% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $225,619, so the area is 8.3% overvalued. It is a seller's market: homes take about 76 days to sell, listings are down 33% from a year ago, 11% of listings have had a price cut. A household needs about $52,992 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $63,040. In the latest IRS figures, 6 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$244,453
Change in 1 year
+3.2%
Overvalued %
+8.3%
Show 6 more
Fair home value
$225,619
Change in 5 years
+32.1%
Home value to income
3.9×
Monthly mortgage payment (20% down)
$1,325
Income needed to afford it
$52,992
Property tax rate
0.56%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,187
Market activity
Listings vs a year ago
−33.3%
Days on market
76
Listings with a price cut
11.4%
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Homes for sale
22
Pending sales per 100 listings
45
Asking price per sq ft
$234
People and jobs
Median household income
$63,040
Population change (1 year)
+0.8%
Unemployment rate
2.5%
Show 4 more
Population
9,294
Income adjusted for cost of living
$71,312
Net moves in (IRS)
+6
Cost of living (US = 100)
88.4
Schools, risk and environment
School rating (1 to 10)
5.4
FEMA hazard risk score (0 to 100)
10.4
Flood risk score
48.2
Show 3 more
Wildfire risk score
4.1
Walkability (1 to 20)
5.1
Road, rail and air noise
55 dB
Questions people ask
Is Richmond County, VA overvalued?
Home prices in Richmond County, VA are slightly above what local incomes have historically supported: fair value is about $225,619, so the area is 8.3% overvalued.
Is Richmond County, VA a buyer's or seller's market?
Richmond County, VA is a seller's market: homes take about 76 days to sell, listings are down 33% from a year ago, 11% of listings have had a price cut.
Are home prices going down in Richmond County, VA?
Home values in Richmond County, VA are up 3.2% over the last year.
How much do you need to earn to buy a home in Richmond County, VA?
A household needs about $52,992 a year to afford the typical home in Richmond County, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $63,040.