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T-RECS
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Trended Real Estate Comparison Scores (T-RECS) compare current real estate markets with their closest analogs in history, to project their most probable trajectories going forward.

Read more about our T-RECS model here
Where will
rank amongst housing markets for price growth?

Richmond, VA
State
Virginia
Region
South
2021 Population
1,317,525
Map location of Richmond, VA
Market Details
Percentile
Housing Population417,389 homes
78th
Home Price$331,815
61st
Price Per sqft$192/sqft
55th
Lot Size0.29 acre(s)
74th
Home Size1,711 sqft
75th
2 Year Price Growth+14.36%
16th
Demographics
Percentile
Home Age
41 years
54th
Population Age
39 years
45th
Household Size2.47 people
51st
Economics
Percentile
Household Income$74,151
70th
2 Year Household Income Growth+8.53%
69th
Unemployment Rate
5.40%
56th
2 Year Unemployment Rate Difference
+1.10%
51st
ResiShares Market Factors
Percentile
Economic Growth Score
73rd
Population Growth Score
83rd
Price Growth Score
55th
Projected Annual Growth Percentile

Across the top 200 markets by population

3 Year Projected Rank:

97 / 200 ( 52nd %tile )
Top 5 Historical T-RECS Matched Markets

1.

Allentown-Bethlehem-Easton, PA-NJ

Year: 2012

Similarity Score: 93

2.

Birmingham-Hoover, AL

Year: 2010

Similarity Score: 92

3.

Indianapolis-Carmel-Anderson, IN

Year: 2018

Similarity Score: 92

4.

Columbus, OH

Year: 2010

Similarity Score: 92

5.

Tulsa, OK

Year: 2013

Similarity Score: 92

Market Details
Percentile
Housing Population417,389 homes
78th
Home Price$331,815
61st
Price Per sqft$192/sqft
55th
Lot Size0.29 acre(s)
74th
Home Size1,711 sqft
75th
2 Year Price Growth+14.36%
16th
Demographics
Percentile
Home Age
41 years
54th
Population Age
39 years
45th
Household Size2.47 people
51st
Economics
Percentile
Household Income$74,151
70th
2 Year Household Income Growth+8.53%
69th
Unemployment Rate
5.40%
56th
2 Year Unemployment Rate Difference
+1.10%
51st
ResiShares Market Factors
Percentile
Economic Growth Score
73rd
Population Growth Score
83rd
Price Growth Score
55th