The story of this market
The typical home in Richmond County, Virginia sells for about $349,900, or $175 per square foot.
Prices are up +7.6% from a year ago, so sellers still have some momentum. Homes take about 39 days to sell. Over the long run, values in this county have grown 103% since 2000. The biggest natural hazard here is drought, which FEMA rates relatively high. HUD's fair market rent for a two-bedroom is $1,187 a month.
HUD sets the fair market rent for a 2-bedroom at $1,187 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Moderate.
Price climate
Every year of price change, 2000–2025
+4.4%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2005 (+19.7%). Worst: 2013 (-11.4%). Hover to read a year.
Monthly price momentum
Home values since 2015
+2.6%
VA · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,526
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
+4.4%
2025 change
FHFA repeat-sales index, median of 2 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
72
Relatively Moderate
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $3,857,544.
Mortgage activity
Home lending in this county
75.5%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 318 | 150 | 75.5% | 9.9% | $185,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Richmond County, Virginia
The Richmond County housing market is experiencing a period of measured growth with low inventory levels and steady price appreciation. Demand remains consistent, driven by local buyers and those seeking a rural lifestyle, while the limited supply keeps the market competitive. Overall, the market is stable, reflecting the county's slow-paced economic environment.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Select a city to expand its ZIP intel reports beneath · 1 city · 2 ZIP reports
Median prices moved up 1.8% year over year.
Homes spend a median of 60 days on market with 3.7 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 97.37% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 11.8% — a stable, low-distress profile.
ACS 2024 5-year estimates. Aggregate published statistics for this county — never individual records, and never an attribute of any individual property or resident.
Deterministic aggregate of 2 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Richmond County, Virginia — researched county-level history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
researched Sep 16
researched Sep 16
| 22560 | Tappahannock | $300,000 | $185 | +1.5% | 59 | 97.5% | 12% | 4.2 | 51 | $977 | researched Sep 16 |
| 22572 | Warsaw | $312,200 | $183 | +2.1% | 62 | 97.2% | 12.5% | 3.1 | 28 | $1,002 | researched Sep 16 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
Crime rates in Richmond County are generally lower than the Virginia state average, with property crime being the most frequently reported incident type.
The county is served by the Richmond County Public Schools district, which maintains a small-town educational environment with a focus on community-integrated learning.
The county faces moderate flood risks due to its proximity to the Rappahannock River and coastal storm surge exposure, necessitating standard flood insurance coverage for many properties.
Economic momentum is driven by local agriculture, small-scale manufacturing, and regional tourism, with limited large-scale industrial development currently underway.
Property taxes are assessed by the county based on fair market value, with rates set annually by the Board of Supervisors to fund local services and school operations.
The county offers significant outdoor recreation opportunities, including access to the Rappahannock River for boating and fishing, as well as several local parks and historic sites.
The rental market is characterized by low inventory and steady demand, primarily serving local workers and those seeking a rural lifestyle.
The economy is primarily supported by agriculture, local government, and small-scale retail, with a focus on maintaining the rural character of the region.
Transportation is primarily reliant on personal vehicles, with major access provided by state routes connecting to the broader Northern Neck region.
The county assessor conducts periodic reassessments to ensure property values align with current market conditions, following Virginia state guidelines.
The county is served by regional utility and school districts that coordinate services across the Northern Neck area.
Property insurance premiums are influenced by the county's coastal and riverine geography, with flood insurance being a critical component for many homeowners.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
A significant historic site featuring the ruins of an 18th-century plantation house, offering educational programs and trails.
Provides extensive opportunities for fishing, boating, and wildlife observation, serving as a primary natural amenity for the county.
Data retrieved from data.census.gov; figures represent county-wide averages.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.