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; 133 of 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.