Richmond Metro Area

Rental Property Analysis in Richmond, Virginia

Find the most profitable long-term rental properties in Richmond. Analyze any zip code and instantly discover the top 20 deals ranked by Cash-on-Cash return.

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Richmond Rental Market Overview

Key statistics for real estate investors in the Richmond area

1.3 million

Metro Population

$350,000

Median Home Price

$1,500

Average Rent

7-9%

Avg Cash-on-Cash

Why Invest in Richmond Rental Properties?

State capital provides government employment

Strong healthcare sector (VCU Medical)

Growing tech and finance sectors

Multiple universities drive rental demand

Affordable compared to DC suburbs

Current Market Trends

Western suburbs showing appreciation

Downtown revival attracting young professionals

Healthcare employment stable

University area rentals consistent

Popular Investment Areas in Richmond

These neighborhoods are frequently analyzed by investors for long-term rental opportunities

Henrico

Chesterfield

Glen Allen

Midlothian

Mechanicsville

Short Pump

Top Zip Codes to Analyze in Richmond

Enter any of these zip codes in Smart Rental Investor to find profitable deals

23228

23832

23060

23114

23116

23233

How to Find Profitable Rentals in Richmond

Smart Rental Investor makes it easy to analyze the Richmond market

Enter a Richmond Zip Code

Type any VA zip code to scan the entire market

Set Your Criteria

Define budget, down payment, and loan terms

Get Top 20 Deals

Instantly see properties ranked by Cash-on-Cash return

Analyze & Export

Review 12+ metrics and export to CSV

Metrics Calculated for Every Richmond Property

Cash-on-Cash Return

Cap Rate

Monthly Cash Flow

Total ROI

Gross Rent Multiplier

Debt Service Coverage

Break-Even Ratio

Price per Sq Ft

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