Market Snapshot
- Median listing price
- $715K
- Median rent
- $2,350/mo
- Days on market
- 270 days
- Gross rental yield
- 3.94%
- STR vs LTR
- $1,643/mo STR · $2,350/mo LTR
The median listing price in Richmond, VA ZIP 23226 is $715,000 as of June 2026.
The median market rent in Richmond, VA ZIP 23226 is $2,350/month as of June 2026.
The median days on market in Richmond, VA ZIP 23226 is 270 days as of June 2026. The market is currently neutral.
At a median list price of $715,000 and a median rent of $2,350/month, the gross rental yield in Richmond, VA ZIP 23226 is 3.94% as of June 2026.
In Richmond, VA ZIP 23226, median Airbnb revenue is $1,643/month compared to median long-term rent of $2,350/month as of June 2026.
Richmond, VA 23226 Real Estate Market Report
ZIP Code: 23226
Report Date: June 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
Property Taxes
Liquidity & Velocity
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Key Findings
- The primary indicator of market value is the $544,000 median sold price, which represents recent transaction activity and should drive valuation and underwriting assumptions for SFR and condo deals in ZIP 23226.
- There is a notable gap between the $715,000 median listing price and the $544,000 median sold price, which may indicate pricing friction as seller expectations outpace realized transactions; moderate pricing disconnect suggests careful comparative analysis is warranted before listing or making offers.
- Liquidity appears subdued: the median days on market 270 is long and suggests slower sales velocity despite a sample that indicates relatively constrained active supply; neutral market temperature and this extended time-to-contract may require concessions or more targeted marketing to close deals.
- Market momentum shows prices and rents rising—price year-over-year trend up and rent year-over-year trend up—while borrowing conditions show interest rate pressure moderate; rising rents strengthen rental demand cases, but moderate interest rate pressure advises caution on leverage and underwriting stress tests.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold at market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.50% rate, 0.8% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 6/1/2026
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