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
$860
Total change
+$207
% change
+31.7%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $653 | — |
| 2019 | $687 | +$34 (5.2%) |
| 2020 | $713 | +$26 (3.8%) |
| 2021 | $759 | +$46 (6.5%) |
| 2022 | $832 | +$73 (9.6%) |
| 2023 | $860 | +$28 (3.4%) |