Cities with the fastest growing home prices in Richmond metro area

Written by:
September 29, 2022
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Cities with the fastest growing home prices in Richmond metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and not other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Richmond, VA metro area using data from Zillow. Cities are ranked by 1-year price change as of August 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. Data was available for 72 cities and towns in Richmond.

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Stacker

#30. Mechanicsville, Virginia

- 1-year price change: +$33,967 (+10.0%)
- 5-year price change: +$101,645 (+37.5%)
- Typical home value: $372,412 (#15 most expensive city in metro)
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#29. Disputanta, Virginia

- 1-year price change: +$34,683 (+13.0%)
- 5-year price change: +$87,695 (+40.9%)
- Typical home value: $301,867 (#30 most expensive city in metro)
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#28. Gumspring, Virginia

- 1-year price change: +$34,959 (+13.4%)
- 5-year price change: +$88,540 (+42.6%)
- Typical home value: $296,324 (#31 most expensive city in metro)
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#27. Lakeside, Virginia

- 1-year price change: +$35,899 (+14.0%)
- 5-year price change: +$105,480 (+56.6%)
- Typical home value: $291,824 (#32 most expensive city in metro)
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#26. Glen Allen, Virginia

- 1-year price change: +$35,969 (+9.2%)
- 5-year price change: +$116,118 (+37.2%)
- Typical home value: $427,870 (#4 most expensive city in metro)

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#25. Sandston, Virginia

- 1-year price change: +$36,282 (+14.9%)
- 5-year price change: +$100,270 (+55.9%)
- Typical home value: $279,521 (#35 most expensive city in metro)
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#24. Henrico, Virginia

- 1-year price change: +$36,651 (+11.8%)
- 5-year price change: +$108,979 (+45.6%)
- Typical home value: $347,972 (#25 most expensive city in metro)
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#23. Crozier, Virginia

- 1-year price change: +$36,665 (+9.5%)
- 5-year price change: +$106,519 (+33.6%)
- Typical home value: $423,382 (#5 most expensive city in metro)
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#22. Hanover, Virginia

- 1-year price change: +$36,964 (+11.3%)
- 5-year price change: +$100,018 (+38.1%)
- Typical home value: $362,872 (#20 most expensive city in metro)
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#21. Quinton, Virginia

- 1-year price change: +$37,131 (+11.9%)
- 5-year price change: +$99,983 (+40.1%)
- Typical home value: $349,080 (#24 most expensive city in metro)

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#20. Barhamsville, Virginia

- 1-year price change: +$38,095 (+11.8%)
- 5-year price change: +$106,293 (+41.7%)
- Typical home value: $361,334 (#22 most expensive city in metro)
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#19. New Kent, Virginia

- 1-year price change: +$38,341 (+11.8%)
- 5-year price change: +$103,458 (+39.6%)
- Typical home value: $364,557 (#19 most expensive city in metro)
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#18. Providence Forge, Virginia

- 1-year price change: +$39,095 (+11.5%)
- 5-year price change: +$100,465 (+36.2%)
- Typical home value: $378,221 (#11 most expensive city in metro)
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#17. Powhatan, Virginia

- 1-year price change: +$40,712 (+12.3%)
- 5-year price change: +$110,643 (+42.2%)
- Typical home value: $372,612 (#14 most expensive city in metro)
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#16. Richmond, Virginia

- 1-year price change: +$41,576 (+14.1%)
- 5-year price change: +$129,613 (+62.5%)
- Typical home value: $337,071 (#27 most expensive city in metro)

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#15. Chester, Virginia

- 1-year price change: +$42,129 (+14.0%)
- 5-year price change: +$112,980 (+49.2%)
- Typical home value: $342,583 (#26 most expensive city in metro)
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#14. Maidens, Virginia

- 1-year price change: +$42,640 (+11.5%)
- 5-year price change: +$112,435 (+37.4%)
- Typical home value: $412,901 (#6 most expensive city in metro)
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#13. Lanexa, Virginia

- 1-year price change: +$43,564 (+13.1%)
- 5-year price change: +$107,029 (+39.8%)
- Typical home value: $375,637 (#13 most expensive city in metro)
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#12. Milford, Virginia

- 1-year price change: +$44,745 (+20.2%)
- 5-year price change: +$95,267 (+55.8%)
- Typical home value: $265,935 (#40 most expensive city in metro)
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#11. Bon Air, Virginia

- 1-year price change: +$45,501 (+14.4%)
- 5-year price change: +$126,219 (+53.6%)
- Typical home value: $361,705 (#21 most expensive city in metro)

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#10. Bellwood, Virginia

- 1-year price change: +$45,968 (+22.2%)
- 5-year price change: +$100,453 (+66.0%)
- Typical home value: $252,645 (#50 most expensive city in metro)
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#9. Midlothian, Virginia

- 1-year price change: +$46,378 (+12.7%)
- 5-year price change: +$127,274 (+44.6%)
- Typical home value: $412,524 (#7 most expensive city in metro)
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#8. Sandy Hook, Virginia

- 1-year price change: +$47,052 (+13.2%)
- 5-year price change: +$114,619 (+39.5%)
- Typical home value: $404,706 (#8 most expensive city in metro)
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#7. Chesterfield, Virginia

- 1-year price change: +$47,336 (+15.4%)
- 5-year price change: +$117,347 (+49.5%)
- Typical home value: $354,450 (#23 most expensive city in metro)
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#6. Oilville, Virginia

- 1-year price change: +$47,596 (+9.9%)
- 5-year price change: +$131,740 (+33.0%)
- Typical home value: $530,617 (#2 most expensive city in metro)

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#5. Montrose, Virginia

- 1-year price change: +$47,973 (+25.7%)
- 5-year price change: +$110,863 (+89.4%)
- Typical home value: $234,931 (#58 most expensive city in metro)
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#4. East Highland Park, Virginia

- 1-year price change: +$51,727 (+25.6%)
- 5-year price change: +$100,470 (+65.5%)
- Typical home value: $253,779 (#48 most expensive city in metro)
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#3. Bensley, Virginia

- 1-year price change: +$52,969 (+27.7%)
- 5-year price change: +$106,905 (+77.7%)
- Typical home value: $244,425 (#53 most expensive city in metro)
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#2. Highland Springs, Virginia

- 1-year price change: +$53,256 (+27.1%)
- 5-year price change: +$112,782 (+82.2%)
- Typical home value: $249,923 (#51 most expensive city in metro)
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#1. Moseley, Virginia

- 1-year price change: +$70,452 (+14.8%)
- 5-year price change: +$158,696 (+41.0%)
- Typical home value: $546,182 (#1 most expensive city in metro)

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