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

Written by

Matt Abadi

Founder, DealIntel

Matt Abadi is the founder of DealIntel. He leads the development of the platform's six-strategy underwriting engine, 25-point Kill List, and Monte-Carlo financial model — the institutional analysis stack DealIntel applies to every fix and flip deal. DealIntel was founded in 2025 with the central thesis that knowing when not to invest is the most valuable number on the page.

Last reviewed: 2026-04