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
$575
2023
$734
Total change
+$159
% change
+27.7%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $575 | — |
| 2019 | $626 | +$51 (8.9%) |
| 2020 | $629 | +$3 (0.5%) |
| 2021 | $640 | +$11 (1.7%) |
| 2022 | $743 | +$103 (16.1%) |
| 2023 | $734 | $9 (-1.2%) |