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Rental Investing in Richmond, VA

2026 Market Data & Investment Analysis

Gross Yield

6%

Annual rent / price

Median Home Price

$310,000

As of 2026-Q1

Median Monthly Rent

$1,550

Per month

Population

226,610

+0.7% / yr (5y avg)

Calculate Your Return in Richmond

Pre-filled with Richmond's median values. Adjust to match your specific property.

Property Details

$

Total acquisition cost before taxes

$
$

HOA, insurance, property management

%

% of time the property is empty

%

% of purchase price (e.g. 2% = 2)

% of price

Rule of thumb: 1% of purchase price/yr

Results

Gross Rental Yield

6.00%

Net Rental Yield

3.93%

Cap Rate

3.93%

Monthly Cash Flow

$1,014.17

Annual Cash Flow

$12,170.00

> 6% — Excellent4–6% — Good< 4% — Low

Market Overview

Median Home Price — 5-Year Trend

2021
$260,000
2022
$345,000
2023
$322,000
2024
$315,000
2025
$310,000

Median Monthly Rent — 5-Year Trend

2021
$1,320
2022
$1,520
2023
$1,555
2024
$1,553
2025
$1,550

Richmond provides solid rental yields of 6%, in line with healthy investment market benchmarks.

Modest population growth of 0.7% per year indicates a stable but slowly growing rental market.

The vacancy rate of 5.6% is healthy, indicating strong rental demand and limited downtime between tenants.

Investment Profile

Challenging Market

Richmond presents challenges with both modest rental yields and limited population growth. Investors need to carefully analyze specific neighborhoods and property types to find opportunities that outperform the market average.

✓ Strengths

  • •Lower entry prices may reduce downside risk
  • •Select neighborhoods and value-add properties can outperform the average

! Risks

  • •Below-average gross yield of 6% limits income potential
  • •Limited population growth reduces long-term rental demand
  • •Higher due diligence required to identify strong-performing assets

Key Metrics

Gross Yield6%
Median Home Price$310,000
Median Monthly Rent$1,550
Population Growth+0.7% / yr
Vacancy Rate5.6%

How Richmond Compares

Richmond vs Virginia Beach: 0.0 percentage point difference in gross yield.

CityMedian PriceMedian RentGross YieldPop. Growth
Virginia Beach, VA$320,000$1,6006%+0.2%
Charlotte, NC$370,000$1,7005.5%+1.4%
Baltimore, MD$225,000$1,3006.9%-0.7%
Philadelphia, PA$220,000$1,3507.4%-0.3%
Raleigh, NC$390,000$1,7505.4%+2.1%

Frequently Asked Questions

Is rental investing profitable in Richmond?▾
Yes, Richmond offers a gross rental yield of 6%, which is above the national average of around 5–6%. With a median home price of $310,000 and median monthly rent of $1,550, the numbers support profitable rental investing — though your specific results depend on financing terms, expenses, and property management.
What is the average rental yield in Richmond?▾
The average gross rental yield in Richmond is approximately 6%, based on a median home price of $310,000 and median monthly rent of $1,550 (as of 2026-Q1). Net yield, which accounts for vacancy, expenses, and maintenance, is typically 2–3 percentage points lower.
How does Richmond compare to Virginia Beach for investors?▾
Richmond has a gross yield of 6% compared to 6% in Virginia Beach, a difference of 0.0 percentage points. Both markets offer similar yields. Richmond has stronger population growth (0.7% vs 0.2%), suggesting better long-term demand dynamics.

Ready to Analyse a Specific Property in Richmond?

Use our free rental yield calculator to model any property — not just the median.

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Compare with nearby cities:

Virginia Beach, VACharlotte, NCBaltimore, MDPhiladelphia, PA

Data source: Zillow Research / U.S. Census Bureau. Last updated: 2026-Q1. This information is for educational purposes only and does not constitute investment advice.