Market Intelligence · VA / Richmond

Richmond, VA 23220 Housing Market

The typical home value in Richmond's 23220 ZIP code is $457,817, up 0.8% over the past year. The median list price sits at $532,500, and homes are taking a median of 32 days on market as of June 1, 2026.

Updated June 2026Median value$458K

The median home value in Richmond, VA 23220 is $458K as of June 2026, up 0.8% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 23220 range

$421K to $494K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+0.8% over 12 months

Typical home value in 23220 over the last 12 months: $454K in Jun 2025 to $458K in Jun 2026 (+0.8%).

Jun 2025$454K

Jun 2026$458K

The numbers

What is the 23220 housing market like?

Typical home value

$458K

Up0.8%YoY

Median list price

$533K

Days on market

32

Up100.0%MoM

Homes for sale

60

Price cuts

12.0%

New listings

46

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

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The comparison

How do 23220 home prices compare?

  • 23220$457,817
  • Richmond$388,569
  • Virginia$335,462
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Richmond: 14 ZIPs; Virginia: 757 ZIPs; United States: 26,270 ZIPs).

Context

As of June 1, 2026, there are 60 homes for sale in 23220, with 46 new listings added. The median list price is $532,500, while the typical home value is $457,817, up 0.8% over the past year. Homes are spending a median of 32 days on market, and 12.0% of listings have had a price cut. For sellers, the market here is moving at a steady pace rather than a rushed one, so realistic pricing matters.

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