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
$614
2023
$584
Total change
$30
% change
-4.9%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $614 | — |
| 2019 | $488 | $126 (-20.5%) |
| 2020 | $520 | +$32 (6.6%) |
| 2021 | $536 | +$16 (3.1%) |
| 2022 | $583 | +$47 (8.8%) |
| 2023 | $584 | +$1 (0.2%) |