Notes / Assessments / Growth
How are existing homes gaining value?
For every Richmond neighborhood, we track the typical home's assessed-value change from 2022 to 2026— the same parcels, valued both years, so the number reflects the market reassessing property that's already there, not new construction entering the count.
Where the $14.6B of growth came from
Citywide, most of the growth — about 77% — is the market revaluing property that was already there. Roughly 23% is genuinely new building. The two pages below each take one of these questions further.
This page is about existing homes — how much the market is revaluing property that was already standing. For new construction — brand-new buildings — see that page →
Growth by neighborhood
The typical home's percent change, 2022–2026. Hover a neighborhood for its exact figures.
Fastest-growing
- Southern Barton Heights+69%
- Washington Park+58%
- Bellemeade+55%
- Oak Grove+53%
- Green Park+53%
Slowest-growing
- Carillon+24%
- Elkhardt+24%
- Blackwell+25%
- Brookbury+25%
- Belmont Woods+27%
Full ranking — all 133 neighborhoods
Rows tagged business/industrial or park are business, industrial, or park/institutional areas, not primarily residential — included for completeness, excluded from the map and callouts above.
| Rank | Neighborhood | Typical home | Median value now |
|---|---|---|---|
| 1 | Commerce Road Industrial Area business/industrial | +74% | $2M |
| 2 | Southern Barton Heights | +69% | $334K |
| 3 | Washington Park | +58% | $170K |
| 4 | Bellemeade | +55% | $171K |
| 5 | Oak Grove | +53% | $178K |
| 6 | Old Town Manchester business/industrial | +53% | $649K |
| 7 | Green Park | +53% | $177K |
| 8 | John Marshall | +53% | $314K |
| 9 | Jeff Davis | +50% | $159K |
| 10 | Ancarows Landing business/industrial | +50% | $154K |
| 11 | Creighton | +50% | $152K |
| 12 | Fairfield | +49% | $148K |
| 13 | Peter Paul | +48% | $161K |
| 14 | Gilpin | +47% | $20K |
| 15 | Woodville | +47% | $160K |
| 16 | Cherry Gardens | +46% | $221K |
| 17 | Malvern Gardens | +46% | $772K |
| 18 | McGuire Manor | +46% | $213K |
| 19 | Maury business/industrial | +46% | $234K |
| 20 | Cullenwood | +46% | $234K |
| 21 | Highland Terrace | +46% | $197K |
| 22 | Eastview | +45% | $149K |
| 23 | South Garden | +45% | $213K |
| 24 | Davee Gardens | +45% | $169K |
| 25 | Whitcomb | +45% | $129K |
| 26 | Gravel Hill | +45% | $326K |
| 27 | Fulton | +45% | $216K |
| 28 | Mosby | +45% | $127K |
| 29 | Broad Rock Sports Complex park | +44% | $341K |
| 30 | Highland Park Southern Tip | +44% | $243K |
| 31 | Brauers | +44% | $183K |
| 32 | Colonial Place | +44% | $648K |
| 33 | The Diamond business/industrial | +44% | $2M |
| 34 | Westhampton | +43% | $745K |
| 35 | Westlake Hills | +43% | $345K |
| 36 | Piney Knolls | +43% | $214K |
| 37 | Brookhaven Farms | +42% | $223K |
| 38 | Maymont | +42% | $311K |
| 39 | Providence Park | +42% | $176K |
| 40 | Broad Rock | +42% | $166K |
| 41 | Willow lawn | +42% | $541K |
| 42 | Forest View | +41% | $251K |
| 43 | Hickory Hill | +41% | $211K |
| 44 | Pocoshock | +40% | $204K |
| 45 | Deerbourne | +40% | $230K |
| 46 | Virginia Union | +40% | $292K |
| 47 | Edgewood | +40% | $246K |
| 48 | Worthington | +39% | $223K |
| 49 | Randolph | +39% | $326K |
| 50 | Northern Barton Heights | +39% | $317K |
| 51 | Walmsley | +39% | $219K |
| 52 | Beaufont | +39% | $247K |
| 53 | Stonewall Court | +39% | $1M |
| 54 | Belt Center business/industrial | +38% | $218K |
| 55 | Byrd Park | +38% | $496K |
| 56 | Mary Munford | +38% | $647K |
| 57 | Windsor Farms | +38% | $1M |
| 58 | Scott's Addition business/industrial | +38% | $1M |
| 59 | Jahnke | +38% | $410K |
| 60 | Parnell Industrial Area business/industrial | +38% | $347K |
| 61 | Fairmount | +38% | $274K |
| 62 | Westover | +38% | $260K |
| 63 | Forest Hill | +37% | $519K |
| 64 | Westover Hills West | +37% | $431K |
| 65 | Bellevue | +37% | $463K |
| 66 | North Highland Park | +37% | $210K |
| 67 | McGuire | +37% | $221K |
| 68 | Powhite Park park | +37% | $351K |
| 69 | Church Hill North | +36% | $274K |
| 70 | Huguenot | +36% | $424K |
| 71 | British Camp Farms | +36% | $219K |
| 72 | Westover Hills | +36% | $591K |
| 73 | Chippenham Forest | +35% | $431K |
| 74 | Chamberlayne Industrial Center business/industrial | +35% | $216K |
| 75 | Ginter Park | +35% | $537K |
| 76 | Wilton | +35% | $1M |
| 77 | Cofer | +34% | $169K |
| 78 | Stratford Hills | +34% | $442K |
| 79 | Union Hill | +34% | $347K |
| 80 | Sherwood Park | +34% | $441K |
| 81 | Oxford | +34% | $477K |
| 82 | Stadium | +34% | $358K |
| 83 | Reedy Creek | +33% | $292K |
| 84 | Swanson | +33% | $262K |
| 85 | Southampton | +33% | $451K |
| 86 | Church Hill | +33% | $476K |
| 87 | Cedarhurst | +33% | $320K |
| 88 | The Museum District | +33% | $581K |
| 89 | Three Chopt | +33% | $570K |
| 90 | Jackson Ward | +33% | $368K |
| 91 | The Fan | +33% | $679K |
| 92 | Willow Oaks | +33% | $513K |
| 93 | Sauer's Gardens | +33% | $569K |
| 94 | Monument Avenue Park | +32% | $444K |
| 95 | Carver | +32% | $348K |
| 96 | Broad Rock Industrial Park business/industrial | +32% | $204K |
| 97 | Northrop | +32% | $308K |
| 98 | Carytown business/industrial | +31% | $494K |
| 99 | Warwick | +31% | $201K |
| 100 | Swansboro | +31% | $215K |
| 101 | Cottrell Farms | +31% | $231K |
| 102 | Swansboro West | +31% | $186K |
| 103 | Midlothian business/industrial | +31% | $234K |
| 104 | Woodhaven | +30% | $216K |
| 105 | Brookland Park | +30% | $287K |
| 106 | Oregon Hill | +30% | $375K |
| 107 | Newtowne West | +30% | $338K |
| 108 | Oakwood | +30% | $158K |
| 109 | Forest Hill Terrace | +30% | $387K |
| 110 | Chimborazo | +29% | $363K |
| 111 | Ginter Park Terrace | +29% | $310K |
| 112 | Rosedale | +28% | $338K |
| 113 | Fawnbrook | +28% | $256K |
| 114 | Woodland Heights | +28% | $417K |
| 115 | Laburnum Park | +27% | $569K |
| 116 | Manchester | +27% | $357K |
| 117 | Belmont Woods | +27% | $280K |
| 118 | Stony Point business/industrial | +26% | $502K |
| 119 | Museums business/industrial | +25% | $4M |
| 120 | Brookbury | +25% | $357K |
| 121 | Blackwell | +25% | $245K |
| 122 | Elkhardt | +24% | $88K |
| 123 | Carillon | +24% | $469K |
| 124 | VCU business/industrial | +22% | $717K |
| 125 | Central Office business/industrial | +21% | $365K |
| 126 | University of Richmond business/industrial | +17% | $1M |
| 127 | Shockoe Slip business/industrial | +14% | $391K |
| 128 | Biotech and MCV District business/industrial | +13% | $514K |
| 129 | Monroe Ward business/industrial | +11% | $621K |
| 130 | Shockoe Bottom business/industrial | +9% | $430K |
| 131 | Capitol District business/industrial | +6% | $9M |
| 132 | City Center business/industrial | +6% | $306K |
| 133 | Upper Shockoe Valley business/industrial | +0% | $217K |
How this is computed
For each neighborhood, we take every parcel assessed in both 2022 and 2026 and find the median percent change across them — the typical home, not the neighborhood's total assessed value. Only neighborhoods with at least 50 such parcels get a rank; 133of Richmond's 148 neighborhoods qualify. This is a share of the market reassessing existing property — it can't distinguish that from new construction on its own, which is why the split above and the construction page exist.