Rental numbers for the Richmond, VA metro
The typical home here runs -$1,311 a month at 7.78% with 25% down. 0 of 37 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 5.5%.
- Gross yield
- 5.3%
- typical home, Zillow
- Median ZIP yield
- 5.5%
- 37 ZIPs with full data
- Cash flow
- -$1,311/mo
- at 7.78%, 25% down
- Typical price
- $395,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,729/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
88 with published figures
| 23882Stony Creek | $192,000 | $1,540* | 9.6% | 5.9% | -$93 | n/a |
| 23890Waverly | $193,000 | $1,540* | 9.6% | 5.7% | -$119 | n/a |
| 23897Yale | $199,000 | $1,540* | 9.3% | 5.6% | -$145 | n/a |
| 23075Highland Springs | $259,000 | $1,666 | 7.7% | 4.3% | -$474 | n/a |
| 23966Farmville | $242,000 | $1,540* | 7.6% | 4.5% | -$402 | n/a |
| 23224Richmond | $245,000 | $1,536 | 7.5% | 4.0% | -$508 | +2.6% |
| 23222Richmond | $280,000 | $1,670 | 7.1% | 3.9% | -$598 | +6.2% |
| 23867Jarratt | $172,000 | $1,020* | 7.1% | 3.7% | -$399 | n/a |
| 23237Bellwood | $329,000 | $1,871 | 6.8% | 3.7% | -$765 | n/a |
| 23030Charles City | $274,000 | $1,540* | 6.8% | 3.7% | -$635 | n/a |
| 23872McKenney | $275,000 | $1,540* | 6.7% | 3.7% | -$626 | n/a |
| 23888Wakefield | $214,000 | $1,190* | 6.7% | 3.5% | -$535 | n/a |
| 23850Ford | $280,000 | $1,540* | 6.6% | 3.5% | -$690 | n/a |
| 23803Petersburg | $240,000 | $1,314 | 6.6% | 3.3% | -$627 | +7.3% |
| 23111Mechanicsville | $398,000 | $2,154 | 6.5% | 3.5% | -$968 | n/a |
| 23840Dewitt | $303,000 | $1,610* | 6.4% | 3.3% | -$792 | n/a |
| 23834Colonial Heights | $298,000 | $1,569 | 6.3% | 3.1% | -$832 | +2.4% |
| 23106Manquin | $349,000 | $1,800* | 6.2% | 3.4% | -$892 | n/a |
| 23881Spring Grove | $299,000 | $1,540* | 6.2% | 3.1% | -$831 | n/a |
| 23805Petersburg | $267,000 | $1,370 | 6.2% | 2.9% | -$789 | -1.0% |
| 23860Hopewell | $236,000 | $1,201 | 6.1% | 2.7% | -$737 | +4.4% |
| 23234Richmond | $312,000 | $1,570 | 6.0% | 2.9% | -$921 | +3.6% |
| 23223Richmond | $298,000 | $1,494 | 6.0% | 2.9% | -$878 | +4.9% |
| 23231Henrico | $336,000 | $1,678 | 6.0% | 3.0% | -$956 | +3.4% |
| 23228Lakeside | $332,000 | $1,655 | 6.0% | 3.0% | -$958 | +1.8% |
| 23083Jetersville | $309,000 | $1,540* | 6.0% | 3.3% | -$805 | n/a |
| 23841Dinwiddie | $313,000 | $1,560* | 6.0% | 3.1% | -$886 | n/a |
| 23894Ford | $310,000 | $1,540* | 6.0% | 3.2% | -$854 | n/a |
| 23112Midlothian | $437,000 | $2,148 | 5.9% | 3.0% | -$1,271 | +4.2% |
| 23150Sandston | $321,000 | $1,540* | 5.8% | 2.8% | -$986 | n/a |
| 23038Columbia | $326,000 | $1,560* | 5.7% | 2.9% | -$956 | n/a |
| 23177Walkerton | $322,000 | $1,540* | 5.7% | 2.9% | -$971 | n/a |
| 23832Chesterfield | $412,000 | $1,962 | 5.7% | 2.8% | -$1,256 | +5.0% |
| 23831Chester | $383,000 | $1,812 | 5.7% | 2.7% | -$1,199 | +1.6% |
| 23181West Point | $337,000 | $1,580* | 5.6% | 2.8% | -$1,042 | n/a |
| 23156Shacklefords | $270,000 | $1,250* | 5.6% | 2.7% | -$849 | n/a |
| 23002Amelia Court House | $341,000 | $1,570* | 5.5% | 2.9% | -$1,014 | n/a |
| 23114Midlothian | $470,000 | $2,164 | 5.5% | 2.6% | -$1,504 | +4.7% |
| 23235Richmond | $418,000 | $1,910 | 5.5% | 2.6% | -$1,359 | +3.9% |
| 23294Henrico | $361,000 | $1,645 | 5.5% | 2.5% | -$1,192 | -0.2% |
| 23148Aylett | $291,000 | $1,320* | 5.4% | 2.6% | -$935 | n/a |
| 23833Church Road | $340,000 | $1,540* | 5.4% | 2.7% | -$1,078 | n/a |
| 23230Henrico | $421,000 | $1,888 | 5.4% | 2.5% | -$1,385 | +1.3% |
| 23830Carson | $343,000 | $1,540* | 5.4% | 2.6% | -$1,099 | n/a |
| 23009Aylett | $359,000 | $1,600* | 5.3% | 2.6% | -$1,145 | n/a |
| 23060Glen Allen | $455,000 | $2,013 | 5.3% | 2.5% | -$1,499 | +2.7% |
| 23885Sutherland | $351,000 | $1,540* | 5.3% | 2.5% | -$1,152 | n/a |
| 23875Prince George | $349,000 | $1,519 | 5.2% | 2.3% | -$1,210 | n/a |
| 23086King William | $355,000 | $1,540* | 5.2% | 2.4% | -$1,211 | n/a |
| 23219Richmond | $363,000 | $1,566 | 5.2% | 1.9% | -$1,380 | +1.6% |
| 23110Mattaponi | $294,000 | $1,250* | 5.1% | 2.1% | -$1,063 | n/a |
| 23236Richmond | $394,000 | $1,663 | 5.1% | 2.2% | -$1,412 | +2.5% |
| 23836Chester | $440,000 | $1,855 | 5.1% | 2.4% | -$1,507 | n/a |
| 23069Hanover | $420,000 | $1,760* | 5.0% | 2.3% | -$1,452 | n/a |
| 23005Ashland | $456,000 | $1,893 | 5.0% | 2.3% | -$1,589 | n/a |
| 23225Richmond | $370,000 | $1,540 | 5.0% | 2.0% | -$1,383 | +0.3% |
| 23842Disputanta | $378,000 | $1,540* | 4.9% | 2.1% | -$1,394 | n/a |
| 23120Moseley | $612,000 | $2,480* | 4.9% | 2.2% | -$2,166 | n/a |
| 23140Providence Forge | $456,000 | $1,850* | 4.9% | 2.3% | -$1,594 | n/a |
| 23116Mechanicsville | $514,000 | $2,040 | 4.8% | 2.2% | -$1,845 | n/a |
| 23227Henrico | $397,000 | $1,576 | 4.8% | 1.9% | -$1,500 | +4.9% |
| 23065Gumspring | $391,000 | $1,540* | 4.7% | 2.1% | -$1,404 | n/a |
| 22560Tappahannock | $306,000 | $1,200* | 4.7% | 1.9% | -$1,151 | n/a |
| 23220Richmond | $452,000 | $1,768 | 4.7% | 1.7% | -$1,787 | +4.0% |
| 22437Center Cross | $308,000 | $1,200* | 4.7% | 1.8% | -$1,192 | n/a |
| 23146Rockville | $562,000 | $2,170* | 4.6% | 2.1% | -$2,048 | n/a |
| 23141Quinton | $427,000 | $1,630* | 4.6% | 1.9% | -$1,616 | n/a |
| 23124New Kent | $448,000 | $1,690* | 4.5% | 1.9% | -$1,690 | n/a |
| 23063Goochland | $415,000 | $1,540* | 4.5% | 2.0% | -$1,558 | n/a |
| 23233Henrico | $539,000 | $1,991 | 4.4% | 1.8% | -$2,099 | +0.9% |
| 23089Lanexa | $446,000 | $1,630* | 4.4% | 1.8% | -$1,730 | n/a |
| 23011Barhamsville | $459,000 | $1,660* | 4.3% | 1.7% | -$1,810 | n/a |
| 23226Richmond | $593,000 | $2,141 | 4.3% | 1.6% | -$2,395 | +2.1% |
| 23238Henrico | $502,000 | $1,809 | 4.3% | 1.7% | -$1,981 | +0.6% |
| 23229Henrico | $527,000 | $1,843 | 4.2% | 1.6% | -$2,144 | +2.2% |
| 23047Doswell | $444,000 | $1,540* | 4.2% | 1.5% | -$1,853 | n/a |
| 23059Glen Allen | $628,000 | $2,124 | 4.1% | 1.5% | -$2,576 | +2.1% |
| 23015Beaverdam | $428,000 | $1,380* | 3.9% | 1.4% | -$1,819 | n/a |
| 23192Montpelier | $480,000 | $1,540* | 3.9% | 1.4% | -$2,045 | n/a |
| 23139Powhatan | $481,000 | $1,540* | 3.8% | 1.4% | -$2,039 | n/a |
| 23102Maidens | $551,000 | $1,700* | 3.7% | 1.5% | -$2,275 | n/a |
| 23838Chesterfield | $572,000 | $1,740* | 3.6% | 1.1% | -$2,573 | n/a |
| 23039Crozier | $543,000 | $1,540* | 3.4% | 1.1% | -$2,426 | n/a |
| 23221Richmond | $656,000 | $1,861 | 3.4% | 0.7% | -$3,164 | +2.9% |
| 23153Sandy Hook | $550,000 | $1,540* | 3.4% | 1.1% | -$2,451 | n/a |
| 23113Midlothian | $722,000 | $1,956 | 3.3% | 0.8% | -$3,398 | +3.6% |
| 23129Oilville | $680,000 | $1,640* | 2.9% | 0.8% | -$3,209 | n/a |
| 23103Manakin Sabot | $794,000 | $1,540* | 2.3% | 0.2% | -$4,133 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +2.6%
- Rent, 12 months
- +2.5%
- Rent minus price growth
- -0.1 pts
- Property tax
- 0.65%
- effective rate, ACS 2024
Typical value (Zillow ZHVI) Rent (Zillow ZORI)Indexed to 100 at Aug 2021
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $310,645 | $1,362 |
| Aug 2022 | $349,902 | $1,521 |
| Aug 2023 | $363,979 | $1,545 |
| Aug 2024 | $379,636 | $1,629 |
| Aug 2025 | $384,419 | $1,686 |
| Aug 2026 | $394,521 | $1,729 |
Counties
- Essex County, VAn/a median yield
- Amelia County, VAn/a median yield
- Hanover County, VA4.9% median yield
- King William County, VAn/a median yield
- New Kent County, VAn/a median yield
- Charles City County, VAn/a median yield
- Goochland County, VAn/a median yield
- Henrico County, VA5.4% median yield
- King and Queen County, VAn/a median yield
- Chesterfield County, VA5.7% median yield
- Powhatan County, VAn/a median yield
- Richmond city, VA5.0% median yield
- Petersburg city, VA6.4% median yield
- Dinwiddie County, VAn/a median yield
- Prince George County, VA5.2% median yield
- Hopewell city, VA6.1% median yield
- Sussex County, VAn/a median yield
- Surry County, VAn/a median yield
- Prince Edward County, VA5.5% median yield
Tools
Questions
- Is the Richmond, VA metro good for rental property?
- The typical home here runs -$1,311 a month at 7.78% with 25% down. 0 of 37 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 5.5%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Richmond, VA metro have the highest rental yield?
- 23075 (Highland Springs) at 7.7%, 23224 (Richmond) at 7.5%, 23222 (Richmond) at 7.1%, on Zillow value and rent. The full table above sorts by any column.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.