Richmond city: Median Gross Rent Trend
How Richmond city's median gross rent changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
$653
2023
$815
Total change
+$162
% change
+24.8%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $653 | — |
| 2019 | $679 | +$26 (4%) |
| 2020 | $704 | +$25 (3.7%) |
| 2021 | $754 | +$50 (7.1%) |
| 2022 | $797 | +$43 (5.7%) |
| 2023 | $815 | +$18 (2.3%) |