Rental markets / Richmond

Richmond fair market rents

Explore rent benchmarks by bedroom and ZIP, compare local rental households, then test a property using your own costs.

HUD rent dataRichmond, VA HUD Metro FMR Area

3-bedroom gross-rent benchmark

$2,072 / month

-4.3% from FY2025.

FY2026 · effective Oct 1, 2025

Includes tenant-paid utilities. A benchmark, not an approved rent or property-specific estimate.

Published rent benchmarks

FY2025
$2,166
FY2026
$2,072
FY2027
$2,039

Published schedules for the selected bedroom count. Benchmark changes are not a forecast.

Richmond, VA HUD Metro FMR Area · Monthly gross rents
Bedroom countFY2025FY2026 · currentFY2027 · upcoming
Studio$1,488$1,442$1,456
1 bedroom$1,545$1,507$1,517
2 bedrooms$1,711$1,655$1,651
3 bedrooms$2,166$2,072$2,039
4 bedrooms$2,677$2,553$2,499

FY2026 HUD area coverage: Amelia County, VA; Charles City County, VA; Chesterfield County, VA; Dinwiddie County, VA; Goochland County, VA; Hanover County, VA; Henrico County, VA; King William County, VA; New Kent County, VA; Powhatan County, VA; Prince George County, VA; Sussex County, VA; Colonial Heights city, VA; Hopewell city, VA; Petersburg city, VA; Richmond city, VA. ZIP schedules may cover portions of this area.

Compare rents by ZIP code

Monthly HUD gross-rent benchmarks, including tenant-paid utilities. Choose 2–4 ZIPs to compare.

120 ZIP codes across published schedules

ZIP rent table
FY2026 monthly gross rents by ZIP. Missing observations are unavailable.
ZIPStudio1 bedroom2 bedrooms3 bedrooms4 bedrooms
$1,250$1,280$1,560$2,170$2,620
$1,370$1,430$1,570$1,970$2,420
$1,340$1,400$1,540$1,950$2,410
$1,390$1,460$1,600$2,020$2,500
$1,450$1,490$1,660$2,200$2,640
$1,110$1,210$1,380$1,840$2,190
$1,080$1,130$1,240$1,690$1,920
$1,340$1,400$1,540$1,950$2,410
$1,340$1,400$1,560$1,950$2,410
$1,340$1,400$1,540$1,950$2,410
$1,340$1,400$1,540$2,010$2,460
$1,500$1,570$1,720$2,150$2,650
$1,920$2,000$2,200$2,750$3,390
$1,660$1,740$1,910$2,390$2,950
$1,340$1,400$1,540$1,950$2,410
$1,340$1,400$1,540$1,950$2,410
$1,600$1,680$1,840$2,300$2,840
$1,480$1,580$1,760$2,250$2,760
$1,340$1,400$1,540$1,950$2,410
$1,340$1,400$1,540$1,950$2,410
$1,340$1,400$1,560$1,950$2,410
$1,340$1,410$1,540$1,950$2,410
$1,420$1,480$1,630$2,100$2,560
$1,340$1,400$1,560$1,950$2,410
$1,480$1,550$1,700$2,140$2,630
$1,340$1,400$1,540$1,950$2,410
$1,340$1,400$1,540$1,950$2,410
$1,560$1,640$1,800$2,260$2,790
$1,570$1,640$1,800$2,250$2,780
$1,720$1,800$1,980$2,480$3,050
$1,740$1,820$2,000$2,500$3,090
$1,720$1,790$1,970$2,470$3,040
$1,920$2,000$2,200$2,750$3,390
$1,010$1,060$1,160$1,590$1,800
$2,160$2,260$2,480$3,110$3,830
$1,480$1,540$1,690$2,130$2,620
$1,430$1,500$1,640$2,060$2,540
$1,340$1,400$1,540$1,950$2,410
$1,610$1,680$1,850$2,320$2,850
$1,420$1,480$1,630$2,040$2,510
$1,890$1,980$2,170$2,720$3,350
$1,340$1,400$1,540$1,950$2,410
$1,340$1,400$1,540$1,950$2,410
$1,340$1,400$1,540$1,950$2,410
$1,350$1,410$1,550$1,950$2,410
$1,510$1,580$1,730$2,170$2,670
$1,570$1,640$1,800$2,250$2,780
$1,340$1,400$1,540$1,950$2,410
$1,380$1,440$1,580$1,980$2,440
$1,570$1,590$1,800$2,500$2,940
$1,340$1,400$1,540$1,950$2,410
$1,390$1,450$1,590$1,990$2,450
$1,490$1,560$1,710$2,140$2,640
$1,750$1,830$2,010$2,520$3,100
$1,730$1,810$1,990$2,490$3,070
$1,340$1,400$1,540$1,950$2,410
$1,350$1,410$1,550$1,950$2,410
$1,340$1,400$1,540$1,950$2,410
$1,440$1,500$1,650$2,070$2,550
$1,840$1,920$2,110$2,640$3,260
$1,340$1,400$1,540$1,950$2,410
$1,590$1,660$1,820$2,280$2,810
$1,420$1,480$1,630$2,040$2,510
$1,590$1,670$1,830$2,290$2,820
$1,340$1,400$1,540$1,950$2,410
$1,390$1,450$1,590$1,990$2,450
$1,770$1,850$2,030$2,540$3,130
$1,340$1,400$1,540$1,950$2,410
$1,660$1,740$1,910$2,390$2,950
$1,720$1,790$1,970$2,470$3,040
$1,430$1,490$1,640$2,050$2,530
$1,670$1,750$1,920$2,400$2,960
$1,390$1,450$1,590$1,990$2,450
$1,500$1,570$1,720$2,150$2,650
$1,500$1,570$1,720$2,150$2,650
$1,500$1,570$1,720$2,150$2,650
$1,390$1,450$1,590$1,990$2,450
$1,390$1,450$1,590$1,990$2,450
$1,750$1,830$2,010$2,520$3,100
$1,390$1,450$1,590$1,990$2,450
$1,390$1,450$1,590$1,990$2,450
$1,720$1,790$1,970$2,470$3,040
$1,570$1,640$1,800$2,250$2,780
$1,490$1,560$1,710$2,140$2,640
$1,930$2,020$2,220$2,780$3,430
$1,340$1,400$1,540$1,950$2,410
$1,340$1,400$1,540$1,950$2,410
$1,340$1,400$1,540$1,950$2,410
Not availableNot availableNot availableNot availableNot available
$1,340$1,400$1,540$1,950$2,410
$810$810$970$1,240$1,620
$1,340$1,400$1,540$1,950$2,410
$1,600$1,680$1,840$2,300$2,840
$1,890$1,980$2,170$2,720$3,350
$1,340$1,400$1,540$1,950$2,410
$1,340$1,400$1,540$1,950$2,410
$1,680$1,760$1,930$2,420$2,980
$860$870$1,120$1,440$1,880
$1,520$1,590$1,740$2,190$2,690
$1,400$1,470$1,610$2,020$2,480
$1,360$1,420$1,560$1,950$2,410
$1,340$1,400$1,540$1,950$2,410
$760$780$990$1,380$1,650
$1,340$1,400$1,540$1,950$2,410
$1,340$1,400$1,540$1,950$2,410
$840$870$1,020$1,400$1,690
$1,340$1,400$1,540$1,950$2,410
$1,340$1,400$1,540$1,950$2,410
Not availableNot availableNot availableNot availableNot available
$1,340$1,400$1,540$1,950$2,410
$1,340$1,400$1,540$1,950$2,410
$1,340$1,400$1,540$1,950$2,410
$1,340$1,400$1,540$1,950$2,410
$1,030$1,060$1,190$1,520$1,880
$1,340$1,400$1,540$1,950$2,410
$1,340$1,400$1,540$1,950$2,410
$1,340$1,400$1,540$1,950$2,410
$1,340$1,400$1,540$1,950$2,410
$1,340$1,400$1,540$1,950$2,410
$1,340$1,400$1,540$1,950$2,410

Choose up to four ZIPs.

Local rental households

2020–2024 ACS 5-year. County figures describe the named county, not the entire HUD rental area. County choices follow the current HUD area.

Amelia County, Virginia

Rental households

Rental households
948
Share of occupied homes rented
17.5%

Rent burden

Spend 30%+ of income on rent
43.4%
Spend 50%+ of income on rent
21.0%

Among renter households with a calculated rent-to-income ratio.

Rental housing types

Single-unit homes
70.1%
Buildings with 2–4 units
6.6%
Buildings with 5+ units
1.9%
Other rental homes
21.3%
Estimates & uncertainty
Amelia County, Virginia · 2020–2024 ACS 5-year · 90% margins of error
MeasureEstimateMargin of error
Rental households948±281
Share of occupied homes rented17.5%±5.1 percentage points
Spend 30%+ of income on rent43.4%±17.1 percentage points
Spend 50%+ of income on rent21.0%±11.7 percentage points
Single-unit homes70.1%±17.0 percentage points
Buildings with 2–4 units6.6%±9.0 percentage points
Buildings with 5+ units1.9%±5.1 percentage points
Other rental homes21.3%±14.9 percentage points

Sampling estimates, not exact counts. Margins of error for derived percentages follow Census guidance. Small differences may not be meaningful.

Charles City County, Virginia

Rental households

Rental households
400
Share of occupied homes rented
13.7%

Rent burden

Spend 30%+ of income on rent
44.0%
Spend 50%+ of income on rent
28.7%

Among renter households with a calculated rent-to-income ratio.

Rental housing types

Single-unit homes
72.0%
Buildings with 2–4 units
8.8%
Buildings with 5+ units
6.5%
Other rental homes
12.8%
Estimates & uncertainty
Charles City County, Virginia · 2020–2024 ACS 5-year · 90% margins of error
MeasureEstimateMargin of error
Rental households400±76
Share of occupied homes rented13.7%±2.4 percentage points
Spend 30%+ of income on rent44.0%±11.0 percentage points
Spend 50%+ of income on rent28.7%±12.8 percentage points
Single-unit homes72.0%±8.6 percentage points
Buildings with 2–4 units8.8%±6.6 percentage points
Buildings with 5+ units6.5%±8.3 percentage points
Other rental homes12.8%±8.8 percentage points

Sampling estimates, not exact counts. Margins of error for derived percentages follow Census guidance. Small differences may not be meaningful.

Chesterfield County, Virginia

Rental households

Rental households
32,617
Share of occupied homes rented
23.3%

Rent burden

Spend 30%+ of income on rent
52.2%
Spend 50%+ of income on rent
24.8%

Among renter households with a calculated rent-to-income ratio.

Rental housing types

Single-unit homes
41.5%
Buildings with 2–4 units
11.1%
Buildings with 5+ units
46.0%
Other rental homes
1.4%
Estimates & uncertainty
Chesterfield County, Virginia · 2020–2024 ACS 5-year · 90% margins of error
MeasureEstimateMargin of error
Rental households32,617±1,192
Share of occupied homes rented23.3%±0.8 percentage points
Spend 30%+ of income on rent52.2%±3.2 percentage points
Spend 50%+ of income on rent24.8%±2.1 percentage points
Single-unit homes41.5%±2.9 percentage points
Buildings with 2–4 units11.1%±1.5 percentage points
Buildings with 5+ units46.0%±3.0 percentage points
Other rental homes1.4%±0.7 percentage points

Sampling estimates, not exact counts. Margins of error for derived percentages follow Census guidance. Small differences may not be meaningful.

Dinwiddie County, Virginia

Rental households

Rental households
2,174
Share of occupied homes rented
20.4%

Rent burden

Spend 30%+ of income on rent
43.1%
Spend 50%+ of income on rent
29.5%

Among renter households with a calculated rent-to-income ratio.

Rental housing types

Single-unit homes
61.5%
Buildings with 2–4 units
8.2%
Buildings with 5+ units
11.5%
Other rental homes
18.9%
Estimates & uncertainty
Dinwiddie County, Virginia · 2020–2024 ACS 5-year · 90% margins of error
MeasureEstimateMargin of error
Rental households2,174±363
Share of occupied homes rented20.4%±3.3 percentage points
Spend 30%+ of income on rent43.1%±7.9 percentage points
Spend 50%+ of income on rent29.5%±8.5 percentage points
Single-unit homes61.5%±8.7 percentage points
Buildings with 2–4 units8.2%±5.0 percentage points
Buildings with 5+ units11.5%±4.6 percentage points
Other rental homes18.9%±7.1 percentage points

Sampling estimates, not exact counts. Margins of error for derived percentages follow Census guidance. Small differences may not be meaningful.

Goochland County, Virginia

Rental households

Rental households
1,558
Share of occupied homes rented
15.1%

Rent burden

Spend 30%+ of income on rent
33.7%
Spend 50%+ of income on rent
11.4%

Among renter households with a calculated rent-to-income ratio.

Rental housing types

Single-unit homes
46.9%
Buildings with 2–4 units
0.6%
Buildings with 5+ units
41.9%
Other rental homes
10.5%
Estimates & uncertainty
Goochland County, Virginia · 2020–2024 ACS 5-year · 90% margins of error
MeasureEstimateMargin of error
Rental households1,558±249
Share of occupied homes rented15.1%±2.4 percentage points
Spend 30%+ of income on rent33.7%±12.3 percentage points
Spend 50%+ of income on rent11.4%±7.0 percentage points
Single-unit homes46.9%±12.0 percentage points
Buildings with 2–4 units0.6%±2.0 percentage points
Buildings with 5+ units41.9%±11.5 percentage points
Other rental homes10.5%±6.7 percentage points

Sampling estimates, not exact counts. Margins of error for derived percentages follow Census guidance. Small differences may not be meaningful.

Hanover County, Virginia

Rental households

Rental households
7,633
Share of occupied homes rented
17.9%

Rent burden

Spend 30%+ of income on rent
44.5%
Spend 50%+ of income on rent
22.1%

Among renter households with a calculated rent-to-income ratio.

Rental housing types

Single-unit homes
54.0%
Buildings with 2–4 units
6.3%
Buildings with 5+ units
36.1%
Other rental homes
3.7%
Estimates & uncertainty
Hanover County, Virginia · 2020–2024 ACS 5-year · 90% margins of error
MeasureEstimateMargin of error
Rental households7,633±544
Share of occupied homes rented17.9%±1.3 percentage points
Spend 30%+ of income on rent44.5%±5.5 percentage points
Spend 50%+ of income on rent22.1%±4.5 percentage points
Single-unit homes54.0%±3.9 percentage points
Buildings with 2–4 units6.3%±2.6 percentage points
Buildings with 5+ units36.1%±3.9 percentage points
Other rental homes3.7%±1.6 percentage points

Sampling estimates, not exact counts. Margins of error for derived percentages follow Census guidance. Small differences may not be meaningful.

Henrico County, Virginia

Rental households

Rental households
48,794
Share of occupied homes rented
35.5%

Rent burden

Spend 30%+ of income on rent
51.6%
Spend 50%+ of income on rent
24.2%

Among renter households with a calculated rent-to-income ratio.

Rental housing types

Single-unit homes
37.0%
Buildings with 2–4 units
13.7%
Buildings with 5+ units
48.8%
Other rental homes
0.4%
Estimates & uncertainty
Henrico County, Virginia · 2020–2024 ACS 5-year · 90% margins of error
MeasureEstimateMargin of error
Rental households48,794±1,353
Share of occupied homes rented35.5%±1.0 percentage points
Spend 30%+ of income on rent51.6%±2.7 percentage points
Spend 50%+ of income on rent24.2%±2.0 percentage points
Single-unit homes37.0%±2.4 percentage points
Buildings with 2–4 units13.7%±1.3 percentage points
Buildings with 5+ units48.8%±2.5 percentage points
Other rental homes0.4%±0.3 percentage points

Sampling estimates, not exact counts. Margins of error for derived percentages follow Census guidance. Small differences may not be meaningful.

King William County, Virginia

Rental households

Rental households
818
Share of occupied homes rented
11.1%

Rent burden

Spend 30%+ of income on rent
72.4%
Spend 50%+ of income on rent
36.5%

Among renter households with a calculated rent-to-income ratio.

Rental housing types

Single-unit homes
73.0%
Buildings with 2–4 units
4.4%
Buildings with 5+ units
20.4%
Other rental homes
2.2%
Estimates & uncertainty
King William County, Virginia · 2020–2024 ACS 5-year · 90% margins of error
MeasureEstimateMargin of error
Rental households818±207
Share of occupied homes rented11.1%±2.8 percentage points
Spend 30%+ of income on rent72.4%±8.7 percentage points
Spend 50%+ of income on rent36.5%±14.9 percentage points
Single-unit homes73.0%±15.1 percentage points
Buildings with 2–4 units4.4%±7.0 percentage points
Buildings with 5+ units20.4%±9.8 percentage points
Other rental homes2.2%±4.4 percentage points

Sampling estimates, not exact counts. Margins of error for derived percentages follow Census guidance. Small differences may not be meaningful.

New Kent County, Virginia

Rental households

Rental households
681
Share of occupied homes rented
7.4%

Rent burden

Spend 30%+ of income on rent
38.9%
Spend 50%+ of income on rent
20.4%

Among renter households with a calculated rent-to-income ratio.

Rental housing types

Single-unit homes
69.5%
Buildings with 2–4 units
2.3%
Buildings with 5+ units
13.8%
Other rental homes
14.4%
Estimates & uncertainty
New Kent County, Virginia · 2020–2024 ACS 5-year · 90% margins of error
MeasureEstimateMargin of error
Rental households681±208
Share of occupied homes rented7.4%±2.2 percentage points
Spend 30%+ of income on rent38.9%±14.8 percentage points
Spend 50%+ of income on rent20.4%±10.4 percentage points
Single-unit homes69.5%±13.1 percentage points
Buildings with 2–4 units2.3%±5.4 percentage points
Buildings with 5+ units13.8%±14.7 percentage points
Other rental homes14.4%±14.9 percentage points

Sampling estimates, not exact counts. Margins of error for derived percentages follow Census guidance. Small differences may not be meaningful.

Powhatan County, Virginia

Rental households

Rental households
766
Share of occupied homes rented
6.8%

Rent burden

Spend 30%+ of income on rent
44.3%
Spend 50%+ of income on rent
22.9%

Among renter households with a calculated rent-to-income ratio.

Rental housing types

Single-unit homes
82.6%
Buildings with 2–4 units
13.4%
Buildings with 5+ units
1.7%
Other rental homes
2.2%
Estimates & uncertainty
Powhatan County, Virginia · 2020–2024 ACS 5-year · 90% margins of error
MeasureEstimateMargin of error
Rental households766±226
Share of occupied homes rented6.8%±2.0 percentage points
Spend 30%+ of income on rent44.3%±12.8 percentage points
Spend 50%+ of income on rent22.9%±13.5 percentage points
Single-unit homes82.6%±6.9 percentage points
Buildings with 2–4 units13.4%±11.9 percentage points
Buildings with 5+ units1.7%±6.9 percentage points
Other rental homes2.2%±4.7 percentage points

Sampling estimates, not exact counts. Margins of error for derived percentages follow Census guidance. Small differences may not be meaningful.

Prince George County, Virginia

Rental households

Rental households
3,314
Share of occupied homes rented
25.7%

Rent burden

Spend 30%+ of income on rent
44.8%
Spend 50%+ of income on rent
14.7%

Among renter households with a calculated rent-to-income ratio.

Rental housing types

Single-unit homes
60.7%
Buildings with 2–4 units
9.3%
Buildings with 5+ units
16.8%
Other rental homes
13.1%
Estimates & uncertainty
Prince George County, Virginia · 2020–2024 ACS 5-year · 90% margins of error
MeasureEstimateMargin of error
Rental households3,314±376
Share of occupied homes rented25.7%±2.9 percentage points
Spend 30%+ of income on rent44.8%±8.2 percentage points
Spend 50%+ of income on rent14.7%±5.5 percentage points
Single-unit homes60.7%±7.1 percentage points
Buildings with 2–4 units9.3%±4.2 percentage points
Buildings with 5+ units16.8%±6.4 percentage points
Other rental homes13.1%±6.2 percentage points

Sampling estimates, not exact counts. Margins of error for derived percentages follow Census guidance. Small differences may not be meaningful.

Sussex County, Virginia

Rental households

Rental households
1,145
Share of occupied homes rented
30.3%

Rent burden

Spend 30%+ of income on rent
56.3%
Spend 50%+ of income on rent
28.2%

Among renter households with a calculated rent-to-income ratio.

Rental housing types

Single-unit homes
57.0%
Buildings with 2–4 units
8.4%
Buildings with 5+ units
11.4%
Other rental homes
23.1%
Estimates & uncertainty
Sussex County, Virginia · 2020–2024 ACS 5-year · 90% margins of error
MeasureEstimateMargin of error
Rental households1,145±223
Share of occupied homes rented30.3%±5.7 percentage points
Spend 30%+ of income on rent56.3%±6.9 percentage points
Spend 50%+ of income on rent28.2%±6.3 percentage points
Single-unit homes57.0%±8.4 percentage points
Buildings with 2–4 units8.4%±5.5 percentage points
Buildings with 5+ units11.4%±5.5 percentage points
Other rental homes23.1%±10.0 percentage points

Sampling estimates, not exact counts. Margins of error for derived percentages follow Census guidance. Small differences may not be meaningful.

Colonial Heights city, Virginia

Rental households

Rental households
2,403
Share of occupied homes rented
31.9%

Rent burden

Spend 30%+ of income on rent
55.5%
Spend 50%+ of income on rent
35.0%

Among renter households with a calculated rent-to-income ratio.

Rental housing types

Single-unit homes
52.6%
Buildings with 2–4 units
15.1%
Buildings with 5+ units
31.2%
Other rental homes
1.1%
Estimates & uncertainty
Colonial Heights city, Virginia · 2020–2024 ACS 5-year · 90% margins of error
MeasureEstimateMargin of error
Rental households2,403±304
Share of occupied homes rented31.9%±3.9 percentage points
Spend 30%+ of income on rent55.5%±10.6 percentage points
Spend 50%+ of income on rent35.0%±7.8 percentage points
Single-unit homes52.6%±10.3 percentage points
Buildings with 2–4 units15.1%±5.6 percentage points
Buildings with 5+ units31.2%±9.3 percentage points
Other rental homes1.1%±1.2 percentage points

Sampling estimates, not exact counts. Margins of error for derived percentages follow Census guidance. Small differences may not be meaningful.

Hopewell city, Virginia

Rental households

Rental households
3,896
Share of occupied homes rented
42.1%

Rent burden

Spend 30%+ of income on rent
53.4%
Spend 50%+ of income on rent
28.2%

Among renter households with a calculated rent-to-income ratio.

Rental housing types

Single-unit homes
47.7%
Buildings with 2–4 units
21.9%
Buildings with 5+ units
26.4%
Other rental homes
3.9%
Estimates & uncertainty
Hopewell city, Virginia · 2020–2024 ACS 5-year · 90% margins of error
MeasureEstimateMargin of error
Rental households3,896±385
Share of occupied homes rented42.1%±3.9 percentage points
Spend 30%+ of income on rent53.4%±9.0 percentage points
Spend 50%+ of income on rent28.2%±6.3 percentage points
Single-unit homes47.7%±9.6 percentage points
Buildings with 2–4 units21.9%±6.0 percentage points
Buildings with 5+ units26.4%±6.2 percentage points
Other rental homes3.9%±3.1 percentage points

Sampling estimates, not exact counts. Margins of error for derived percentages follow Census guidance. Small differences may not be meaningful.

Petersburg city, Virginia

Rental households

Rental households
9,292
Share of occupied homes rented
61.4%

Rent burden

Spend 30%+ of income on rent
51.1%
Spend 50%+ of income on rent
28.0%

Among renter households with a calculated rent-to-income ratio.

Rental housing types

Single-unit homes
27.4%
Buildings with 2–4 units
26.6%
Buildings with 5+ units
44.5%
Other rental homes
1.6%
Estimates & uncertainty
Petersburg city, Virginia · 2020–2024 ACS 5-year · 90% margins of error
MeasureEstimateMargin of error
Rental households9,292±578
Share of occupied homes rented61.4%±3.5 percentage points
Spend 30%+ of income on rent51.1%±5.8 percentage points
Spend 50%+ of income on rent28.0%±4.5 percentage points
Single-unit homes27.4%±3.6 percentage points
Buildings with 2–4 units26.6%±5.2 percentage points
Buildings with 5+ units44.5%±4.9 percentage points
Other rental homes1.6%±1.0 percentage points

Sampling estimates, not exact counts. Margins of error for derived percentages follow Census guidance. Small differences may not be meaningful.

Richmond city, Virginia

Rental households

Rental households
58,914
Share of occupied homes rented
56.5%

Rent burden

Spend 30%+ of income on rent
52.0%
Spend 50%+ of income on rent
27.9%

Among renter households with a calculated rent-to-income ratio.

Rental housing types

Single-unit homes
24.3%
Buildings with 2–4 units
19.2%
Buildings with 5+ units
56.1%
Other rental homes
0.5%
Estimates & uncertainty
Richmond city, Virginia · 2020–2024 ACS 5-year · 90% margins of error
MeasureEstimateMargin of error
Rental households58,914±1,197
Share of occupied homes rented56.5%±1.1 percentage points
Spend 30%+ of income on rent52.0%±2.3 percentage points
Spend 50%+ of income on rent27.9%±1.7 percentage points
Single-unit homes24.3%±1.5 percentage points
Buildings with 2–4 units19.2%±1.5 percentage points
Buildings with 5+ units56.1%±2.6 percentage points
Other rental homes0.5%±0.2 percentage points

Sampling estimates, not exact counts. Margins of error for derived percentages follow Census guidance. Small differences may not be meaningful.

Census sources & definitions

2020–2024 ACS 5-year combines five years of survey responses. These are period estimates, not current asking rents. Rental households include renter-occupied units; building types describe the building containing the rental. The other category includes mobile homes, boats, RVs and similar housing.

Source: U.S. Census Bureau, tables B25003, B25070 and B25032. Statistical guidance. Data checked Sep 22, 2026. Rental Wire is not affiliated with or endorsed by the Census Bureau.

Download county data & margins of error

Does a property work at that rent?

Use the benchmark as a starting point or enter the lease rent you expect. Price and cost inputs below are editable examples, not local estimates.

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Monthly cash flow before income tax

$213

Illustrative price and costs. Edit the assumptions to analyze your property.

Lease rent used
$1,922
Upfront cash
$53,500
Sources, dates & coverage

Richmond, VA HUD Metro FMR Area. HUD area ID: METRO40060M40060. Coverage: Amelia County, VA; Charles City County, VA; Chesterfield County, VA; Dinwiddie County, VA; Goochland County, VA; Hanover County, VA; Henrico County, VA; King William County, VA; New Kent County, VA; Powhatan County, VA; Prince George County, VA; Sussex County, VA; Colonial Heights city, VA; Hopewell city, VA; Petersburg city, VA; Richmond city, VA.

HUD gross-rent benchmarks include tenant-paid basic utilities, excluding phone, cable and internet. They are not asking-rent quotes, approved Section 8 rents or housing-authority payment standards.

FY2025 area source (effective Oct 1, 2024; source version Apr 28, 2025) · FY2026 area source (effective Oct 1, 2025; source version May 21, 2026) · FY2027 area source (effective Oct 1, 2026).

ZIP schedules: FY2025 · FY2026 · FY2027. SAFMR methodology.

HUD data checked Sep 22, 2026. Changes can reflect methodology and geographic coverage as well as rents. Missing or non-comparable observations remain unavailable. Future schedules are labelled upcoming.

Source: U.S. Department of Housing and Urban Development. HUD public-domain reuse policy, section 1.D. Rental Wire is not affiliated with or endorsed by HUD. Retain the source, geography and fiscal year when sharing data.

Calculation assumptions

Cash flow is rent less vacancy, operating costs, replacement reserves and a fixed-rate amortizing mortgage. Mortgage principal is included in cash outflow. Tax deductions, sale proceeds and appreciation are outside this first-year calculation. A target price holds the entered rent, expense amounts, mortgage rate and percentage down payment/closing costs fixed as the price changes. Property taxes and lender terms may change with the actual purchase price.

The benchmark-based input subtracts tenant-paid utilities once to estimate a lease-rent assumption. It does not calculate a voucher subsidy or determine a housing authority's approved rent. In custom-rent mode, the lease rent is used directly. Owner-paid utilities belong in operating costs.

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