Is Richmond, VA a good place to invest in rental property?

Richmond, VA has a median modeled monthly cash flow of $-984 and a median cap rate of 3.4%, on a median sold price of $405,000. Prices changed +0.0% year over year.

What is the average cap rate in Richmond, VA?

The median cap rate across recently sold homes in Richmond, VA is 3.4%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Richmond, VA?

The median sold price in Richmond, VA is $405,000 (about $258 per square foot).

Investing in Richmond, VA Real Estate

A data-driven snapshot of the Richmond, VA rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$405,000Median sold price

$258Median $/sqft

3.4%Median cap rate

$-984Modeled cash flow / mo

+0.0%Appreciation YoY

7.0Months of supply

1,955Active listings

3,374Sold (last 12 mo)

What the Richmond numbers say

In Richmond, VA, the median home sold for $405,000 (about $258 per square foot), and the typical deal models out to a 3.4% cap rate with a median $-984 of monthly cash flow. Sold prices moved +0.0% over the past year. Inventory sits at about 7.0 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Virginia markets to compare

See Richmond cash-flowing listings

CashFlowRE ranks every for-sale home in Richmond, VA by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Richmond deals, or browse the national market data.