Richmond home values (September 2026)

The typical home in the Richmond, VA metro is worth $392,106, +2.6% over the last 12 months. Updated monthly from Zillow Research data.

Typical value: $392,106
1-year change: +2.6%
5-year change: +27.1%
10-year change: +81%

Typical home value, Richmond metro, last 10 years. Source: Zillow Research (ZHVI).

Where Richmond stands

#40 most expensive of the 100 largest U.S. metros; #30 by 1-year price growth.
At or near its all-time high ($392,106).

Home equity in Richmond

At an 85% combined loan-to-value cap, a typical $392,106 home supports up to $333,290 of total borrowing. With a typical mortgage still owed, about $113,711 of equity would be available as a line of credit. Run your own numbers in the HELOC calculator.

Compare nearby metros

Washington, DC — $569,857 (+0.2% 1-yr)
Virginia Beach, VA — $371,181 (+2.9% 1-yr)
Hartford, CT — $398,703 (+5.1% 1-yr)
Baltimore, MD — $396,959 (+0.4% 1-yr)
Minneapolis, MN — $387,807 (+1.7% 1-yr)
Philadelphia, PA — $386,048 (+2.5% 1-yr)

Frequently asked questions

What is the typical home value in Richmond?

The typical home in the Richmond, VA metro area is worth about $392,106 as of September 2026, according to the Zillow Home Value Index (mid-tier homes, seasonally adjusted). That ranks #40 of the 100 largest U.S. metros.

Are home prices in Richmond going up or down?

Over the past 12 months the typical value changed +2.6% (#30 of 100 large metros by 1-year growth). Over 5 years it changed +27.1%, and over 10 years +81%. Values are at or near their all-time high.

How much home equity could a Richmond homeowner borrow against?

Lenders typically cap combined loan-to-value at about 85%. On a typical $392,106 home that's $333,290 of total borrowing; after a typical existing mortgage (about 56% of value) roughly $113,711 would remain as a line of credit. This is an illustration, not an offer — your figure depends on your own balance, credit and appraisal.

Data: Zillow Research, Zillow Home Value Index (all homes, mid tier, smoothed and seasonally adjusted), September 2026. Equity figures are illustrative. Download the full dataset.