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Richmond County Housing Market

Virginia · 133 counties · Ranked #2052 in home value

Below National Avg

Housing at a Glance

Median Home Value

$214,200

vs national$214,200 vs $281,900 national

Median Gross Rent

$1,011/mo

vs national$1,011 vs $1,163 national

Effective Tax Rate

0.55%

vs national0.55% vs 1.02% national

Median Household Income

$64,184

vs national$64,184 vs $74,755 national

Affordability Ratio

3.3x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

21.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$1,188

Tax as % of Home Value

0.55%

Monthly Owner Cost

$858

Renter Income

$55,029

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Frequently Asked Questions

What is the median home value in Richmond County?

The median home value in Richmond County is $214,200. This is below the national median of $281,900.

How much is rent in Richmond County?

The median gross rent in Richmond County is $1,011 per month.

What is the property tax rate in Richmond County?

The effective property tax rate in Richmond County is 0.55%. The median annual property tax bill is $1,188.

Is Richmond County affordable?

With a home-value-to-income ratio of 3.3x, Richmond County is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.