Counties / Virginia / Richmond County

Richmond County, VA

FIPS 51159 · population 9,095 · outside every metro area

$253k
Zillow home value · 2026-06
The numbers

What this county costs and earns

Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.

Zillow home value
$253k
▲ 5.8% year over year
Zillow ZHVI · direct
ACS median gross rent
$1,067
occupied-unit survey; not current asking rent
Census ACS · surveyed
Gross yield
n/a
gross yield cannot be computed without measured market rent
requires both measured price and measured rent
HUD 2-bed standard
$1,157
the Section 8 payment standard
HUD Fair Market Rent · direct
Independent price check

Do two methods point the same way?

Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.

Both annual signals move in the same direction
FHFA five-year cumulative+51.3%not annualized · through 2025
0%ZILLOW ZHVI2026-06+5.8%FHFA HPI2025+16.8%
Annual changes use different methods and may use different periods. The comparison checks direction and magnitude; it does not create a blended estimate. Zillow county ZHVI pulled 2026-07-26; FHFA annual county HPI pulled 2026-07-28.
Owner-reported value$232k
Surveyed gross rent$1,067
Rent burden 30%+29.3%
Median year built1978
Housing composition

Who occupies the stock—and what it is

ACS 2024 5-year
20.0%vacant
3,970estimated housing units
Occupied tenure25.3% renter
owner 74.7%renter 25.3%
Structure mix80.0% single-family
Single-family 80.0%20+ units 3.9%Mobile home 9.6%Other 6.5%
ACS estimates describe the standing housing stock and occupied tenure. They do not measure current listings, transaction prices or asking rents.

Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.

Annual average covered jobs2,984▲ 9.4% from the prior annual release
Covered establishments299annual average reporting locations
Average weekly wage$970▲ 7.9% from the prior annual release
Largest private supersectorTrade, transportation, and utilities30.5% of disclosed private covered jobs
Local labor base

Jobs, pay and private-sector concentration

2025
0%COVERED JOBS+9.4%WEEKLY WAGE+7.9%Trade, transportation, and utilities30.5%
Annual QCEW counts cover jobs located at reporting establishments. The industry share uses disclosed private covered employment; it is not a resident-employment measure or a forecast.

Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2025 vs 2024 · pulled 2026-07-31. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.

County brief

What the local evidence says

01Decision frame

Richmond County is a verification-first acquisition screen: positive price measures sit beside no published market rent, so income return cannot yet be tested, while hurricane exposure can alter carrying costs. Investors able to obtain unit-level rents, insurance quotes, and condition data should investigate; those relying on county averages or a quick yield screen should be cautious. The county-level record supports a price-direction discussion, not a completed underwriting decision.

02Housing economics

Zillow reported a $253,133 county median home value in 2026-06, up 5.79% year over year. Separately, FHFA’s 2025 repeat-transaction HPI rose 16.79% annually and 51.27% cumulatively over five years. The HPI is not a home value; its method and labeled period differ from Zillow’s, so neither measure supplies a blended appreciation rate. Effective property tax was 0.56%. Market rent is not published, preventing gross-yield calculation. HUD’s $1,157 two-bedroom FMR is a payment standard, not an asking-rent estimate.

03Demand & competition

Realtor.com’s MLS listing-market evidence shows 25 active listings, a median 86 days on market, and a 3.33% price-reduced share. These are visible asking-supply and marketing measures, not closed-sale prices or standalone proof of buyer demand. Tax-return migration was net negative by 14 households, while the average-income gap favored incomers by $3,743; that mix is not evidence of sustained demand. Investors represented 8.45% of 71 purchases, documenting some non-owner participation but not their bid behavior or rental performance.

04Risk & next checks

In a county where hurricane is the dominant hazard, modeled climate loss equals 0.13% of building value per year; it is not a property-specific insurance quote or dollar-loss estimate. QCEW identifies Trade, transportation, and utilities as the largest disclosed private supersector, accounting for 30.52% of private covered jobs; QCEW measures annual covered employment at county workplaces, not residents or unemployment. Next checks are market-rent comparables, operating costs and insurance, property-level hazard history, closed-sale and concession data, and tenant demand by submarket. Without them, affordability, net cash flow, and resale liquidity remain unresolved.

Cities & communities

Where people live within Richmond County

Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.

Population scale

Largest Census places

ACS 2024 5-year
Warsaw town2.3K
Bars use total place population, not a county-share estimate. An asterisk marks a place that crosses a county line.
Official directory

1 Census places

Population
  1. 01
    Warsaw townIncorporated place
    2,292

Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.

Risk, demand and competition

The three things a price does not tell you

01
Risk & carrying costFEMA NRI + Census ACS
Dominant hazardhurricane

0.126% of building value expected lost per year

Effective property tax0.56%

$1,290 median annual bill

02
DemandIRS SOI household flows
Net migration-14

197 in · 211 out

Arriving vs leaving income+$3,743

$48,340 arriving · $44,597 leaving

03
CompetitionHMDA financed purchases
Purchases by investors8.5%

6 of 71 mortgages

investorother financed
Current listing pressure

What sellers and visible supply are doing

Realtor.com® Economic Research · county inventory 2026-06 · pulled 2026-07-28
Active listings25▼ 2.0% year over year
Median days on market86▲ 4.9% year over year
Listings price-reduced3.3%seller-concession signal
Median listing pricen/a▲ 1.6% year over year

Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.

No rent index is published for this county.Zillow’s county rent series does not cover every county, and estimating one from a neighbouring county would be a guess wearing a number’s clothes. Everything above is measured here; no wider market is mapped for it either.
Bear case

What can break the county thesis

  1. Unit-level rents and expenses may not support cash flow despite positive price indicators.
  2. Hurricane exposure and insurance terms may differ materially at the property level from the county modeled-loss measure.
  3. MLS asking-market evidence and tax-return migration may not translate into resale liquidity or tenant demand.
Underwriting questions

Before pricing a property

Can gross yield be calculated from this record?

No. County market rent is not published, and HUD FMR cannot be substituted for asking rent.

Is the FHFA HPI a county home value?

No. It is a repeat-transaction appreciation index, not a dollar home-value estimate.

Which hazard should property due diligence address first?

Hurricane is the stated dominant hazard.