Market insights · Virginia
Richmond city, VA: growth, migration and housing
Richmond city has 237,257 residents, up 4.5% since 2020 (+1.0% in the last year). In 2022–2023, 12,809 households moved in and 12,162 moved out (+647 net), while a net $83.1M of income left. Median household income is $64,587, the median home $353,000 and median rent $1,372 a month.
In Virginia: 36th of 133 counties for 5-year population growth · 53rd of 133 counties for net in-migration (per resident) · 78th of 133 counties for median household income · 37th of 133 counties for median home value.
Where new residents came from
Top counties by households (tax returns) moving to Richmond city, 2022–2023 (IRS).
| From | Households (tax returns) | Their income (AGI) |
|---|---|---|
| Henrico County, VA | 2,521 | $145.6M |
| Chesterfield County, VA | 2,108 | $103.1M |
| Fairfax County, VA | 443 | $25.8M |
| Hanover County, VA | 345 | $19.5M |
| District of Columbia, DC | 195 | $21.4M |
| Loudoun County, VA | 161 | $11.2M |
| Prince William County, VA | 158 | $5.9M |
| Virginia Beach city, VA | 155 | $6.9M |
Where leavers went
Top counties by households leaving Richmond city, 2022–2023 (IRS).
| To | Households (tax returns) | Their income (AGI) |
|---|---|---|
| Henrico County, VA | 3,409 | $239.0M |
| Chesterfield County, VA | 2,452 | $145.6M |
| Hanover County, VA | 309 | $21.6M |
| Petersburg city, VA | 228 | $7.9M |
| Fairfax County, VA | 221 | $18.8M |
| District of Columbia, DC | 121 | $9.6M |
| Virginia Beach city, VA | 116 | $9.0M |
| Goochland County, VA | 111 | $16.6M |
BizyFi in Richmond city
3 companies in the BizyFi directory are based here. Search them on the company map (company names with a free account), or browse Virginia companies.
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Sources: U.S. Census Bureau population estimates (vintage 2025), American Community Survey 5-year (2024), and IRS Statistics of Income county-to-county migration data (2022–2023). Migration counts are tax returns (roughly households) moving between U.S. counties; the IRS suppresses very small flows. Growth rates, per-1,000 figures, rent share and state ranks are BizyFi calculations. Data updated 2026-10-17. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.