Richmond, VA Housing Market Brief
metro · VA · as of May 2026
What is Richmond, VA’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Where is Richmond, VA in its market cycle?
Richmond, VA is classified as Declining — cooling, with scores declining over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.
Richmond, VA housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Days on Market | 38 days | ▲ +5.6% |
How has Richmond, VA’s Alpha Score moved?
Markets like Richmond, VA
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Frequently asked questions
Is Richmond, VA a buyer's or seller's market?
As of May 2026, Richmond, VA is classified as a Buyer's Market, based on its Alpha Score of 33 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.
How affordable is Richmond, VA?
Richmond, VA scores 25 out of 100 on affordability — relatively unaffordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Richmond, VA's Alpha Score?
Richmond, VA's strongest dimension is Rental Yield (54/100) and its weakest is Inventory Health (5/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Richmond, VA? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.