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
$942
2023
$1,314
Total change
+$372
% change
+39.5%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $942 | — |
| 2019 | $1,025 | +$83 (8.8%) |
| 2020 | $1,070 | +$45 (4.4%) |
| 2021 | $1,132 | +$62 (5.8%) |
| 2022 | $1,227 | +$95 (8.4%) |
| 2023 | $1,314 | +$87 (7.1%) |