Real Estate Market Update for 23227 (Richmond, VA)
Welcome to June's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 35% from one year earlier, and down 10% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 200-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up more than 200%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 200-thousand dollars. The number of units sold decreased 4% year-over-year, and decreased 13% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 23227 (Richmond, VA)
Area Information for 23227 (Richmond, VA)
  • Population: 25,368
  • Median Age: 42.71 yr
  • Median Commute Time: 21 mins
  • Educational Climate*: 4
  • Sales Tax: 5%
  • Population Density: 2,230/sq mi
  • Population Change Since 2000: 9.18%
  • Closest Airport: Richmond International
  • Closest College: Baptist Theological Seminary At Richmond
  • Closest Jr. College: J Sargeant Reynolds Community College
  • Median Household Income: $49,399
  • Annual Residential Turnover: 21%
  • Median Home Sales Price: $189,725
  • Closest Major Sports Team: Richmond Flying Squirrels (aaa)
  • Change Avg. Household Income Since 2000: 35.35%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 23227 (Richmond, VA)
Median Age: 42.71 Married: 34% Number of Households: 12,029 Households with Children: 2,512
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 23227 (Richmond, VA)

      School Name Distance Type Grades School Rating Parent Rating
      L. Douglas Wilder Middle School 0.8 mi Public 6-8 0 4
      Chamberlayne Elementary School 0.9 mi Public PRESCHOOL-5 2 0
      Dominion Academy 1.0 mi Private 7-12 0 0
      Henrico High School 1.2 mi Public 9-12 1 3
      Dooley School 1.3 mi Private K-12 0 0
      Metro Richmond Alternative Education Program 1.3 mi Public 6-12 0 0
      Real Special Ed. Center 1.7 mi Public 6-8 0 0
      Henderson Middle School 1.7 mi Public 6-8 0 0
      Victory Christian Academy 1.7 mi Private PRESCHOOL-12 0 0
      John Marshall High School 1.8 mi Public 9-12 2 3
      The New Community School 2.2 mi Private 6-12 0 4
      Ginter Park Elementary School 2.3 mi Public K-5 1 0
      Linwood Holton Elementary School 2.6 mi Public PRESCHOOL-5 1 0
      Veritas School 2.8 mi Private K-12 0 0
      Richmond Technical Center 3.2 mi Public 9-12 0 0
      The Governor's Career And Technical Education Academy For Stem In Richmond 3.2 mi Public - 0 0
      Luther Memorial School 3.3 mi Private PRESCHOOL-8 0 0
      Sri Atmananda Memorial School 1,265.5 mi Private K-12 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 23227 (Richmond, VA)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.