Greater Richmond

Fast Facts:

  • The Greater Richmond region was home to 941,765 people and had 404,142 housing units in 2022. Since 2010, Greater Richmond has added an average of 9,300 people and 4,100 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 (2018-22), and the HIT survey of local jurisdictions.
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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: 378,408
  • Housing units: 145,968
  • Percent of Households that rent: 23%
  • Percent of renters with unaffordable housing costs: 49%
  • Average growth per year: 5,100 people | 1,900 housing units
Henrico County
  • Population: 333,962
  • Housing units: 144,693
  • Percent of Households that rent: 35%
  • Percent of renters with unaffordable housing costs: 51%
  • Average growth per year: 2,200 people | 1,000 housing units
The City of Richmond
  • Population: 229,395
  • Housing units: 113,481
  • Percent of Households that rent: 57%
  • Percent of renters with unaffordable housing costs: 53%
  • Average growth per year: 2,100 people | 1,200 housing units