What is the median home price in Richmond?

The median home price in Richmond, VA is currently in the $345k – $385k range (data as of 2026-04). For fix-and-flip investors, distressed acquisition typically runs 65–80% of median, depending on submarket and condition.

What is a good cap rate in Richmond?

Stabilized rental cap rates in Richmond, VA typically fall in the 5.5% – 7.0% range as of 2026-04. Higher cap rates are common in older / B-tier submarkets, lower in A-tier neighborhoods with strong appreciation.

What is the average days on market in Richmond?

Days on market in Richmond, VA currently runs 30 – 45 days (data as of 2026-04). Faster DOM favors Fix & Flip exits; slower DOM (60+ days) usually pushes operators toward BRRRR or rental hold.

What is the average rent in Richmond?

Median rent in Richmond, VA is $1,600 – $1,950 / mo as of 2026-04. The most relevant rental benchmark for BRRRR is the 1% rule (monthly rent ≥ 1% of all-in cost) — verify against submarket-specific rent comps before underwriting.

Market · VA · 2026 data

Fix and Flip in Richmond, VA

Mid-cycle Mid-Atlantic flip + BRRRR market.

Richmond market thesis

Richmond is a mid-Atlantic sleeper — government + healthcare employment base, growing tech footprint, and a manageable Fix & Flip exit market. Strong rowhouse inventory in the Fan and Museum District; suburban Sub-$400k flips in West End.

Key metrics

$345k – $385k

Median home price

DealIntel · 2026-04

$1,600 – $1,950 / mo

Median rent

DealIntel · 2026-04

30 – 45 days

Days on market (median)

DealIntel · 2026-04

5.5% – 7.0%

Stabilized cap rate range

DealIntel · 2026-04

$50 – $85

Typical rehab cost / sqft

DealIntel · 2026-04

+28% to +38%

5-year appreciation

DealIntel · 2026-04

+0.7% / yr

Population growth (annual)

BLS · 2026-04

Top investor neighborhoods in Richmond

The FanPremium rowhouse flip
Museum DistrictTop-of-market flips
Manchester (South Side)Gentrification path
Northside (Highland Park)Sub-$280k BRRRR
Bellevue / Bryan ParkMid-tier flip

Best strategies for Richmond

Of DealIntel's six underwritten strategies, the following rank best-fit-first for Richmond, VA. Every property in the platform is scored against all six paths in parallel; these are the ones that consistently produce the highest risk-adjusted return in this market.

Tailwinds — what's working in Richmond

Federal Reserve + Capital One + VCU Health employment
Growing tech employment
Manageable competition vs DC metro

Kill flags — common ways Richmond deals fail

Older Fan rowhouse party-wall structural issues
Lead paint disclosure + remediation on pre-1978 stock
Virginia Real Estate Investor capital gains tax considerations

DealIntel's 25-point kill list catches these and 20+ others on every property — see the platform overview for how the kill list runs before strategy evaluation begins.

ADU and multi-unit regulation in Richmond

Richmond's 2023 ADU ordinance permits ADUs in most R-zones. Multi-unit conversion permitted in R-43, R-48, R-53 zones.

For state-by-state ADU and middle-housing regulatory background, see the ADU strategy guide and the multi-unit conversion guide.

Underwrite a deal in this market

Run a free ARV, MAO, or BRRRR calculation on a Richmond property using the calculators below. For full kill-list + six-strategy evaluation + Investment Memorandum PDF, see pricing — pay-per-deal from $149.

ARV calculatorConfidence-weighted comp method MAO (70% rule) calculatorMaximum allowable offer math BRRRR calculatorFull Buy-Rehab-Rent-Refi-Repeat model Cap rate calculatorNOI / value with asset-class ranges

Nearby markets and related guides

Reviewed by

DealIntel Research

Underwriting and Real Estate Research Team

DealIntel's underwriting team builds and maintains the platform's six-strategy engine, 25-point kill list, and Monte-Carlo financial model. Every piece of long-form content on dealintel.io is reviewed by an underwriter with direct experience scoring residential investment deals.

Last reviewed: 2026-04