Richmond, VA Real Estate
According to census data in the year 2000 there were 92,282 housing units in Richmond.
This represents a 2% decline from 94,141 in 1990.
Of those housing units, 92,282 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Richmond is about 46.1%.
Richmond's vacancy rate, including seasonal lodging, is about 8.4%.
Average household size is 2.21 people.
The majority of houses, apartments or condos in Richmond were built after 1955.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.20% |
| One Bedroom | 18.50% |
| Two Bedrooms | 35.80% |
| Three Bedrooms | 29.30% |
| Four Bedrooms | 11.60% |
| Five Bedrooms or more | 2.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.35 |
| Median year structure was built | 1950 |
| Median Value of occupied units | $87,300 |
| Median Price asked for vacant units | $67,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.08 |
| Median year structure was built | 1961 |
| Median Monthly Rent asked for vacant units | $442 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 8.60% |
| Home Equity Loan | 9.20% |
| Simple Mortgage | 53.60% |
| Debt Free | 28.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.7% |
