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
$627
2023
$870
Total change
+$243
% change
+38.8%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $627 | — |
| 2019 | $682 | +$55 (8.8%) |
| 2020 | $706 | +$24 (3.5%) |
| 2021 | $783 | +$77 (10.9%) |
| 2022 | $842 | +$59 (7.5%) |
| 2023 | $870 | +$28 (3.3%) |