2004 Edwards Ave · Richmond, VA
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $666 – $1,236
Heat risk 8/10 · Major
- Hot days now (above 105°F)
- 7 days/yr
- Hot days in 30 yrs
- 16 days/yr
Wind risk 6/10 · Moderate
- Chance of severe wind over 30 yrs
- 27.0%
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 1 days/yr
- Unhealthy air days in 30 yrs
- 2 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the D grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- Cash flow +12.0/30.0
- ARV discount +11.9/15.0
- Livability +4.2/5.0
- DSCR +3.6/10.0
- Rent growth +3.6/5.0
- Schools +3.3/10.0
- 1% rule +2.5/10.0
- Condition / age +2.5/5.0
- Appreciation +0.0/10.0
$225,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Attention all Investors. Welcome to this charming handyman special, Offering (1,136) square feet of hardwood floor with 3 spacious bedrooms, 1.5 bath. Don’t miss out on this great opportunity to transform it into your ideal home or to maximize your return on this Great Investment for flip or rent! This home offers great potential and need some repairs and updates. Great location, close to shopping, Restaurants, Hospitals, and major highways. Roof has been replaced within the last few years. Similar updated houses in the area would sell for $290K+. Priced to sell quickly, schedule a showing today to explore its potential.
Key facts
- Alley access
- Efficient heat pump
- Large back yard
Tags
Property features AI
Exterior
- Parking: Driveway; On-street parking; Unpaved parking
- Utilities: Public water; Public sewer; Electric service
- Home design: Single-story home; Resale property; R-5 zoning
- Construction: Frame construction with vinyl siding and drywall; Mixed construction
- Exterior features: Front porch; Partial fencing; Unpaved driveway
Interior
- Kitchen: Electric cooking
- Bedrooms: Bedrooms include at least one on the first level
- Flooring: Ceramic tile; Laminate; Partially carpeted
- Bathrooms: 2 full bathrooms; One bathroom on the first floor with a shower
- Heating & cooling: Heat pump (electric); Central air conditioning
- Interior features: Bedroom on main level; Paneling / wainscoting; Decorative fireplace
- Laundry & utility: Electric water heater
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/1.0-bath single-family listed at $225k.
Deal economics
- At list price, monthly cash flow is $-52 ($-626/yr) — negative.
- To cash-flow at today's rent, offer at most $216k (4.1% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $168k (25.3% below list).
- Recommended offer: $168k (25.3% below list) — sets the bar for 1% rule.
- Cap rate 6.0% vs local median 3.2% in Richmond — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
Location & tenants
- Location reads 84/100 on livability (#33 in VA, #793 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, health & safety A+; Watch: crime D-.
- Richmond City Public School District (urban): math 32% / reading 47% proficiency, ranked #123 of 131 in VA (top 94%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 74% free/reduced lunch — lower-income household profile, screen leases tightly.
- Zoned schools: Broad Rock Elementary (math 5% / reading 24%, grade F, #1,098 of 1,108 statewide, top 100%, 634 students, 99% FRL); Thomas C. Boushall Middle (math 12% / reading 27%, grade F, #340 of 342 statewide, top 99%, 611 students, 98% FRL); George Wythe High (math 12% / reading 37%, grade F, #319 of 319 statewide, top 100%, 1,309 students, 91% FRL) — zoned schools average 96% FRL vs 74% district-wide (22 pts higher); higher-poverty schools than district average — tighter screening recommended.
- Zoned-school proficiency averages 20% at this address vs 40% district-wide (-20 pts) — the specific schools serving this property underperform the Richmond City Public School District average; the district grade overstates school quality for this exact location.
- Market conditions: Rents rising fast (+4.5%/yr); 177 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); 2,540 units permitted in Richmond city in 2024 (2,077 in 5+ unit buildings).
- This rent runs 40% of the median local income ($50k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
- Richmond County population projected at +40% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
Negotiation context
- Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
- 12 sale attempts since 23y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
Risks & watch-outs
- Watch-outs: built in 1928 — expect roof / HVAC / electrical / plumbing capex.
- Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
- Built in 1928 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
- Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
- The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.
Investment metrics
- 1% rule
- 0.75% ✗
- Cap rate
- 6.01%
- Cash-on-cash
- -0.99%
- DSCR
- 0.96
- GRM
- 11.2
CMA / ARV
- ARV (median comp)
- $249,450
- List price
- $225,000
- Delta
- -9.80%
- Verdict
- FAIR
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 2004 Edwards Ave | 0.00mi | 3/2.0 (+1) | 1,136 (0%) | 1mo | $225,000 | $198 | 90 |
| 1100 E 16th St | 0.28mi | 3/1.0 (+1) | 1,136 (0%) | 3mo | $237,000 | $209 | 80 |
| 2010 Gordon Ave | 0.14mi | 3/2.0 (+1) | 1,164 (+2%) | 1mo | $260,200 | $224 | 80 |
| 2115 Dinwiddie Ave | 0.13mi | 3/2.0 (+1) | 1,106 (-3%) | 2mo | $230,000 | $208 | 79 |
| 1200 E 17th St | 0.27mi | 2/1.0 | 1,080 (-5%) | 1mo | $175,000 | $162 | 78 |
| 1912 Chicago Ave | 0.13mi | 3/1.0 (+1) | 1,280 (+13%) | 2mo | $150,000 | $117 | 66 |
| 1718 Fairfax Ave | 0.13mi | 3/1.0 (+1) | 986 (-13%) | 3mo | $184,950 | $188 | 64 |
| 2008 Ingram Ave | 0.27mi | 3/1.5 (+1) | 1,232 (+8%) | 3mo | $285,000 | $231 | 64 |
| 2005 Ingram Ave | 0.25mi | 2/1.0 | 971 (-14%) | 4mo | $165,000 | $170 | 61 |
| 1322 Lynhaven Ave | 0.54mi | 3/1.0 (+1) | 1,160 (+2%) | 7mo | $239,000 | $206 | 60 |
| 2004 Gordon Ave | 0.14mi | 3/1.5 (+1) | 1,291 (+14%) | 6mo | $360,000 | $279 | 59 |
| 2020 Ingram Ave | 0.28mi | 3/1.0 (+1) | 985 (-13%) | 2mo | $157,000 | $159 | 58 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 4.55% rent growth · sell at horizon
- IRR
- -16.5%
- Equity multiple
- 0.41×
- Total profit
- $-37,205
- Equity at exit
- $33,548
- IRR
- -6.0%
- Equity multiple
- 0.59×
- Total profit
- $-25,742
- Equity at exit
- $19,454
Cash invested: $63,000 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 55 Moderately Landlord-Leaning
- State Virginia
- 55 Moderately Landlord-Leaning · D+2
- County
- — inherits STATE
- City
- — inherits STATE
ZIP-level market 23224
- Rents YoY
- 4.5%
- Active inventory
- 177
- Price-to-rent
- 11.2×
Monthly cashflow live
- Estimated rent
- $1,680 high interval (Pro) →
- Mortgage (P&I)
- −$1,180
- Tax from tax record
- −$106 /mo · $1,272/yr
- Insurance
- −$94
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$353
- Net cashflow
- $-52
Break-even live
Sensitivity live
| Price | -10% $75 | -5% $11 | +0% $-52 | +5% $-116 | +10% $-180 |
|---|---|---|---|---|---|
| Rent | -10% $-185 | -5% $-119 | +0% $-52 | +5% $14 | +10% $81 |
| Rate | -1.0pp $61 | -0.5pp $5 | base $-52 | +0.5pp $-110 | +1.0pp $-170 |
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $56,250
- Closing costs
- $6,750
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 1808 Edwards Ave Richmond, VA | 3.0 | 2.0 | 1040 | $1,750 | $1.68 | 25d | 1 | 0.06mi |
| 1913 Dinwiddie Ave Unit 1546196P Richmond, VA | 2.0 | 1.0 | 1044 | $2,519 | $2.41 | 16d | 1 | 0.08mi |
| 1801 Chicago Ave Richmond, VA | 2.0 | 1.0 | 850 | $995 | $1.17 | 25d | 1 | 0.18mi |
| 622 E 18th St Richmond, VA | 2.0 | 1.0 | 850 | $995 | $1.17 | 45d | 1 | 0.19mi |
| 1707 Chicago Ave Richmond, VA | 2.0 | 1.0 | 750 | $995 | $1.33 | 45d | 1 | 0.21mi |
| 800 Richmond Hwy Richmond, VA | 1.0–2.0 | 1.0–2.0 | 778 | $2,044 | $2.63 | 45d | 1 | 0.23mi |
| 2010 Maury St Richmond, VA | 2.0 | 1.0 | 883 | $1,675 | $1.90 | 6d | 1 | 0.29mi |
| 2200 Ingram Ave Richmond, VA | 2.0 | 1.0–2.0 | 711 | $1,668 | $2.35 | 6d | 1 | 0.33mi |
| 1100 Richmond Hwy Richmond, VA | 1.0–3.0 | 1.0–2.0 | 1062 | $1,880 | $1.77 | 3d | 16 | 0.41mi |
| 2208 Keswick Ave Richmond, VA | 3.0 | 1.0 | 916 | $1,775 | $1.94 | 22d | 1 | 0.44mi |
| 1305 Chambers St Richmond, VA | 2.0 | 1.0 | 966 | $1,100 | $1.14 | 25d | 1 | 0.54mi |
| 5 Richmond Hwy Unit 5B Richmond, VA | 1.0 | 1.0 | 800 | $1,195 | $1.49 | 6d | 1 | 0.60mi |
| 5 Richmond Hwy Unit 5B Richmond, VA | 1.0 | 1.0 | 800 | $1,195 | $1.49 | 25d | 1 | 0.60mi |
| 1125 Commerce Rd Richmond, VA | 1.0–2.0 | 1.0–1.5 | 685 | $1,409 | $2.06 | 5d | 5 | 0.62mi |
| 1410 Enfield Ave Unit 1410 Richmond, VA | 3.0 | 1.0 | 912 | $1,500 | $1.64 | 45d | 1 | 0.63mi |
| 1514 Bainbridge St Unit A Richmond, VA | 2.0 | 1.0 | 800 | $1,299 | $1.62 | 13d | 1 | 0.69mi |
| 1422 Bainbridge St Richmond, VA | 2.0 | 2.0 | 1121 | $2,399 | $2.14 | 4d | 1 | 0.71mi |
| 1313 Hull St Apt 204 Richmond, VA | 1.0 | 1.0 | 717 | $1,375 | $1.92 | 45d | 1 | 0.71mi |
| 1315 Hull St Unit 208 Richmond, VA | 1.0 | 1.0 | 749 | $1,335 | $1.78 | 6d | 1 | 0.72mi |
| 1912 Porter St Richmond, VA | 3.0 | 1.5 | 1415 | $1,950 | $1.38 | 25d | 1 | 0.74mi |
| 201 Cowardin Ave Unit B Richmond, VA | 2.0 | 2.5 | 1436 | $2,200 | $1.53 | 45d | 1 | 0.79mi |
| 700 Everett St Richmond, VA | 1.0–2.0 | 1.0–2.0 | 809 | $1,849 | $2.28 | 6d | 14 | 0.79mi |
| 10 W 27th St Unit P P Richmond, VA | 2.0 | 1.0 | 975 | $1,300 | $1.33 | 45d | 1 | 0.82mi |
| 1207 Bainbridge St Richmond, VA | 2.0 | 2.0 | 937 | $2,250 | $2.40 | 13d | 1 | 0.82mi |
| 1203 Bainbridge St Apt A Richmond, VA | 2.0 | 2.0 | 927 | $1,495 | $1.61 | 45d | 1 | 0.82mi |
| 1411 Porter St Unit B Richmond, VA | 3.0 | 3.0 | 1500 | $2,145 | $1.43 | 6d | 1 | 0.82mi |
| 700 Stockton St Richmond, VA | 1.0–2.0 | 1.0 | 1035 | $1,805 | $1.74 | 3d | 31 | 0.83mi |
| 1212 Porter St Apt A Richmond, VA | 2.0 | 2.0 | 980 | $1,995 | $2.04 | 6d | 1 | 0.85mi |
| 1021 E 4th St Richmond, VA | 1.0–2.0 | 1.0–2.0 | 759 | $1,449 | $1.91 | 3d | 87 | 0.88mi |
| 2522 Porter St Richmond, VA | 3.0 | 2.5 | 1390 | $1,800 | $1.29 | 45d | 1 | 0.88mi |
| 500 Maury St Richmond, VA | 2.0 | 1.0–2.0 | 665 | $2,295 | $3.45 | 5d | 17 | 0.90mi |
| 500 Stockton St Richmond, VA | 1.0–2.0 | 1.0–2.0 | 748 | $1,346 | $1.80 | 5d | 16 | 0.93mi |
| 907 Bainbridge St Unit A Richmond, VA | 2.0 | 2.0 | 927 | $1,995 | $2.15 | 45d | 1 | 0.93mi |
| 1429 McDonough St Richmond, VA | 1.0–3.0 | 1.0–2.0 | 826 | $1,894 | $2.29 | 3d | 15 | 0.95mi |
| 616 Hull St Richmond, VA | 1.0–2.0 | 1.0–2.0 | 756 | $1,495 | $1.98 | 6d | 5 | 0.96mi |
| 15 W 7th St Richmond, VA | 1.0–3.0 | 1.0–2.5 | 881 | $2,178 | $2.47 | 3d | 6 | 0.99mi |
| 501 Decatur St Richmond, VA | 1.0–2.0 | 1.0–2.0 | 668 | $1,849 | $2.77 | 3d | 7 | 1.00mi |
| 360 Stockton St Richmond, VA | 1.0 | 1.0–2.0 | 812 | $1,525 | $1.88 | 45d | 3 | 1.00mi |
| 908 Perry St Richmond, VA | 1.0–2.0 | 1.0–2.0 | 696 | $1,695 | $2.44 | 6d | 6 | 1.01mi |
| 403 Stockton St Richmond, VA | 1.0–3.0 | 1.0–2.0 | 882 | $1,685 | $1.91 | 5d | 22 | 1.01mi |
Listing history 29 events
-
2026-05-08status Pending 595-char remark
-
2026-05-07status Active 595-char remark
-
2026-05-06status Pending 595-char remark
-
2026-05-01$225,000 Active 595-char remark
-
2024-12-20soldstatus $162,200 Closed 634-char remark
Show marketing remark (634 chars)
Attention all Investors. Welcome to this charming handyman special, Offering (1,136) square feet of hardwood floor with 3 spacious bedrooms, 1.5 bath. Don’t miss out on this great opportunity to transform it into your ideal home or to maximize your return on this Great Investment for flip or rent! This home offers great potential and need some repairs and updates. Great location, close to shopping, Restaurants, Hospitals, and major highways. Roof has been replaced within the last few years. Similar updated houses in the area would sell for $290K+. Priced to sell quickly, schedule a showing today to explore its potential.
-
2024-11-18status Pending 634-char remark
Show marketing remark (634 chars)
Attention all Investors. Welcome to this charming handyman special, Offering (1,136) square feet of hardwood floor with 3 spacious bedrooms, 1.5 bath. Don’t miss out on this great opportunity to transform it into your ideal home or to maximize your return on this Great Investment for flip or rent! This home offers great potential and need some repairs and updates. Great location, close to shopping, Restaurants, Hospitals, and major highways. Roof has been replaced within the last few years. Similar updated houses in the area would sell for $290K+. Priced to sell quickly, schedule a showing today to explore its potential.
-
2024-11-13$129,000 Active 634-char remark
Show marketing remark (634 chars)
Attention all Investors. Welcome to this charming handyman special, Offering (1,136) square feet of hardwood floor with 3 spacious bedrooms, 1.5 bath. Don’t miss out on this great opportunity to transform it into your ideal home or to maximize your return on this Great Investment for flip or rent! This home offers great potential and need some repairs and updates. Great location, close to shopping, Restaurants, Hospitals, and major highways. Roof has been replaced within the last few years. Similar updated houses in the area would sell for $290K+. Priced to sell quickly, schedule a showing today to explore its potential.
-
2024-06-21soldstatus $110,000 Closed
Show marketing remark (191 chars)
Cute 3 bedroom 1 bathroom cottage. Fully rented investment property with tenant currently in place. Because of the current lease and tenants rights, his is a non-owner-occupant property only.
-
2024-06-07status Pending
Show marketing remark (191 chars)
Cute 3 bedroom 1 bathroom cottage. Fully rented investment property with tenant currently in place. Because of the current lease and tenants rights, his is a non-owner-occupant property only.
-
2024-06-04price $149,000
Show marketing remark (191 chars)
Cute 3 bedroom 1 bathroom cottage. Fully rented investment property with tenant currently in place. Because of the current lease and tenants rights, his is a non-owner-occupant property only.
-
2024-06-04status Active
Show marketing remark (191 chars)
Cute 3 bedroom 1 bathroom cottage. Fully rented investment property with tenant currently in place. Because of the current lease and tenants rights, his is a non-owner-occupant property only.
-
2024-05-24status Pending
Show marketing remark (191 chars)
Cute 3 bedroom 1 bathroom cottage. Fully rented investment property with tenant currently in place. Because of the current lease and tenants rights, his is a non-owner-occupant property only.
-
2024-03-15status Active
Show marketing remark (191 chars)
Cute 3 bedroom 1 bathroom cottage. Fully rented investment property with tenant currently in place. Because of the current lease and tenants rights, his is a non-owner-occupant property only.
-
2024-03-06status Pending
Show marketing remark (191 chars)
Cute 3 bedroom 1 bathroom cottage. Fully rented investment property with tenant currently in place. Because of the current lease and tenants rights, his is a non-owner-occupant property only.
-
2024-02-23$169,000 Active
Show marketing remark (191 chars)
Cute 3 bedroom 1 bathroom cottage. Fully rented investment property with tenant currently in place. Because of the current lease and tenants rights, his is a non-owner-occupant property only.
-
2007-09-11historical
-
2007-09-11historical
-
2007-08-05$89,900
-
2007-08-05$89,900
-
2007-03-05soldstatus $43,000
-
2007-03-05soldstatus $43,000
-
2007-01-10$42,900
-
2007-01-10$42,900
-
2005-05-02soldstatus $90,000
-
2003-08-11soldstatus $25,000
-
2003-08-08soldstatus $25,000
-
2003-02-24$34,990
-
2003-02-24$34,990
-
1995-09-20soldstatus $44,500
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast VA · Resets to sale price
- Current annual tax
- $1,272 · $106/mo
- Projected year-2 tax
- $1,845 · $154/mo
- Expected delta
- +$573/yr (+$48/mo · 45.0%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 8/10 Severe 7 d/yr ≥105°F today · 16 d/yr by 30 yrs out
- Wind 6/10 Major 27% chance of damaging wind over 30 yrs
- Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $20,164
- − Mortgage interest
- −$12,603
- − Property taxes
- −$1,272
- − Insurance
- −$1,125
- − Repairs & maintenance
- −$1,613
- − Management
- −$1,613
- − Depreciation
- −$6,545
- Taxable loss
- −$4,608
- Est. tax savings @ 24.0%
- +$1,106
- After-tax cash flow
- $480/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Schools (NCES district)
- District
- Richmond City Public School District
- NCES district ID
- 5103240
- Math proficiency
- 32% ▼ -24.00%
- Reading proficiency
- 47% ▼ -9.00%
- Median HH income
- $40,276
- Composite
- 33.09/100
- National rank
- #5564
- State rank
- #123 of 131 in VA
Livability — Richmond
- Score
- 84/100
- State rank
- #33
- US rank
- #793
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Richmond, VA
- County
- Richmond City · 178,280 people
- City population
- 287,109
- Metro
- Richmond, VA
- Population (ZIP)
- 40,575
- Household income
- $50,475
- Rent vs Own
- Severe rent burden
- 3584.0
Population outlook (Richmond County) Hauer SSP2
- Today (2025)
- 262,263 people
- By 2030
- 284,503 · +8.5%
- By 2040
- 327,353 · +24.8%
- By 2050
- 367,946 · +40.3%
- By 2075
- 449,560 · +71.4%
- By 2100
- 500,301 · +90.8%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Diverse neighborhood (Simpson 0.58)
- Race & ethnicity
- Black 59% Hispanic / Latino 22% White 15% Two or more races 6%
- Hispanic origin (detail)
- Mexican 5% Puerto Rican 2%
- Common ancestry
- Romanian 1% Lithuanian 1% Serbian 1%
- Foreign-born
- 17% · Canada
- Languages at home
- 78% English-only · Spanish 19% French/Haitian/Cajun 1%
Political lean MEDSL · Richmond
- 2024 margin
- Solid D (+66.3) · D 82.0% · R 15.8% · Other 2.2%
- 2008→2024 swing
- +7.2pp toward D · 2008: 59.1pp · 2024: 66.3pp
- All cycles
- 2024: D+66.3 2020: D+68.0 2016: D+63.8 2012: D+55.7 2008: D+59.1
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -283.99%
- Current HPI
- 336.9345
- Rent YoY
- ▲ 4.55%
- Metro
- Richmond, VA
- State GDP YoY
- ▲ 2.40%
- F500 in state
- 50
Industry mix (Fortune 500 HQ in VA)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Aerospace / Defense | 4 | $236B |
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| Technology / Defense | 3 | $32B |
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| Financial Services | 2 | $176B |
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| Utilities | 2 | $27B |
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| Insurance | 2 | $25B |
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| Technology | 2 | $15B |
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Price history
+405.6% since first listed30 events — show timeline
- 2026-05-27 Sold (MLS) $225,000 CVRMLS
- 2026-05-08 Pending — CVRMLS
- 2026-05-07 Relisted — CVRMLS
- 2026-05-06 Pending — CVRMLS
- 2026-05-01 Listed $225,000 CVRMLS
- 2024-12-20 Sold (MLS) $162,200 CVRMLS
- 2024-11-18 Pending — CVRMLS
- 2024-11-13 Listed $129,000 CVRMLS
- 2024-06-21 Sold (MLS) $110,000 CVRMLS
- 2024-06-07 Pending — CVRMLS
- 2024-06-04 Price Changed $149,000 CVRMLS
- 2024-06-04 Relisted — CVRMLS
- 2024-05-24 Pending — CVRMLS
- 2024-03-15 Relisted — CVRMLS
- 2024-03-06 Pending — CVRMLS
- 2024-02-23 Listed $169,000 CVRMLS
- 2007-09-11 Listing Removed — CVRMLS
- 2007-09-11 Listing Removed — CVRMLS
- 2007-08-05 Listed $89,900 CVRMLS
- 2007-08-05 Listed $89,900 CVRMLS
- 2007-03-05 Sold (MLS) $43,000 CVRMLS
- 2007-03-05 Sold (MLS) $43,000 CVRMLS
- 2007-01-10 Listed $42,900 CVRMLS
- 2007-01-10 Listed $42,900 CVRMLS
- 2005-05-02 Sold (Public Records) $90,000 Public Records
- 2003-08-11 Sold (Public Records) $25,000 Public Records
- 2003-08-08 Sold (MLS) $25,000 CVRMLS
- 2003-02-24 Listed $34,990 CVRMLS
- 2003-02-24 Listed $34,990 CVRMLS
- 1995-09-20 Sold (Public Records) $44,500 Public Records
Property tax history
-4.0%/yrLatest (2022): $1,272 · +112.4% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…