Market Intelligence · VA / Richmond

Richmond, VA 23226 Housing Market

In Richmond's 23226 ZIP, the typical home value stands at $586,496, up 3.7% over the past year. The median list price is $669,738, with homes spending a median of 30 days on market as of September 2026.

Updated September 2026Median value$586K

The median home value in Richmond, VA 23226 is $586K as of September 2026, up 3.7% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 23226 range

$540K to $633K

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

+3.7% over 12 months

Sep 2025$566K

Low $566KHigh $586K

Sep 2026$586K

The numbers

What is the 23226 housing market like?

As of September 2026

Typical home value

$586K

3.7%YoY

Median list price

$670K

0.8%MoM

Days on market

11.8%MoM

Homes for sale

42.9%MoM

Price cuts

14.2%

134.5%MoM

New listings

25.0%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

23226 housing market forecast 2027

+1.9%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 23226 to rise 1.9% by September 2027.

Over the 12 months through September 2026, typical home values in 23226 rose 3.7%, per the Zillow Home Value Index.

Will home prices drop in 23226?

Zillow's forecast does not call for a drop: it expects typical home values in 23226 to rise 1.9% by September 2027, after a 3.7% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 23226 home prices compare?

23226$586,496
Richmond$379,332
Virginia$328,255
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Richmond: 14 ZIPs; Virginia: 757 ZIPs; United States: 26,262 ZIPs).

Context

The market in 23226 shows steady activity. September 2026 brought 30 new listings and 30 homes for sale overall, indicating consistent supply. Homes are moving at a moderate pace, taking a median of 30 days to sell. The gap between median list price of $669,738 and typical home value of $586,496 suggests sellers are pricing optimistically. With 14.2% of listings carrying price cuts, some properties are facing negotiation, which is worth considering if you're weighing a sale.

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Down payment20% · $117,299

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Common questions

What people ask us.

What is the typical home value in 23226?

The typical home value in 23226 is $586,496, up 3.7% over the past year as of September 2026.

How long do homes take to sell in 23226?

Homes in 23226 have a median of 30 days on market as of September 2026.

What share of listings have price cuts?

14.2% of listings in 23226 had a price cut as of September 2026.

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