Skip to main content
[Home]

Greater Richmond

Fast Facts:

  • Greater Richmond was home to 962,144 people and had 418,598 housing units in 2024. Since 2010, Greater Richmond has added an average of 9,500 people and 4,600 housing units per year.
  • Thirty-seven percent of households were renters and 52 percent of renters had unaffordable housing costs.
  • Greater Richmond needs an estimated 4,312 units annually to meet future housing demand.
  • Greater Richmond includes the City of Richmond and Chesterfield and Henrico counties in Virginia.
Sources: Census Population and Housing Unit Estimates, Decennial Census, American Community Survey (2020-24), and the HIT survey of local jurisdictions.
Share by Email

Structural Racism

Discriminatory actions and racist public policies have produced inequitable outcomes for Black, Indigenous, and people of color in the Washington region, including lower incomes and wealth, lower homeownership rates, and higher rates of housing cost burden.

Housing Context

Understanding how household incomes relate to the supply of affordable rental and homeownership units will inform jurisdictions' efforts to meet the current and future housing needs of residents.

Participating Jurisdictions

Local jurisdictions in the Greater Richmond region did not submit housing production, preservation, and rental affordability survey data for 2023.

Chesterfield County
  • Population: 389,793
  • Housing units: 151,859
  • Percent of Households that rent: 23%
  • Percent of renters with unaffordable housing costs: 52%
  • Average growth per year: 5,200 people | 2,100 housing units
Henrico County
  • Population: 338,696
  • Housing units: 149,221
  • Percent of Households that rent: 36%
  • Percent of renters with unaffordable housing costs: 52%
  • Average growth per year: 2,200 people | 1,200 housing units
The City of Richmond
  • Population: 233,655
  • Housing units: 117,518
  • Percent of Households that rent: 56%
  • Percent of renters with unaffordable housing costs: 52%
  • Average growth per year: 2,100 people | 1,400 housing units

2025 Housing Outcomes

  • Adopted: Right of First Refusal
  • Not adopted: Preservation Inventory - Subsidized
  • In progress: Preservation Inventory - Unsubsidized
  • Adopted: Rental Assistance Demonstration
  • Adopted: Energy Efficiency Upgrades for Homeowners
  • Adopted: Energy Efficiency Upgrades of Affordable Housing