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
$755
2023
$930
Total change
+$175
% change
+23.2%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $755 | — |
| 2019 | $797 | +$42 (5.6%) |
| 2020 | $790 | $7 (-0.9%) |
| 2021 | $761 | $29 (-3.7%) |
| 2022 | $792 | +$31 (4.1%) |
| 2023 | $930 | +$138 (17.4%) |