ZIP Code Market Report
23236 — Richmond, VA
Data through February 2026 · Updated monthly
Avg Home Value
$383,332
▲ 1.6% year-over-year
Month-over-Month
-0.0%
▼ 0.0%
Single Family
$381,014
Condo / Co-op
$398,277
The average home value in the 23236 ZIP code (Richmond, Virginia) is $383,332 as of February 2026. Home prices are rising, up 1.6% compared to last year.
A 3-bedroom home in 23236 is valued at $346,346. Single-family homes average $381,014, while condos average $398,277.
The market in 23236 has a $173,043 spread between bottom-tier homes at $317,383 and top-tier homes at $490,426. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
Looking ahead, Zillow's forecast model projects home values in the 23236 ZIP code will increase 0.4% over the next 12 months, bringing the projected average to approximately $384,865. This modest projected change should be factored into any investment analysis for properties in this area.
This report is part of the King And Queen County market area in Virginia. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full King And Queen County report.
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Market Snapshot
23236 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $383,727 | $383,449 | $383,332 | ▼ 0.1% |
| Single Family Value | $378,366 | $379,684 | $381,014 | ▲ 0.7% |
Home Values
23236 Home Value Trend
Historical home values for ZIP code 23236. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 23236
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 2 Bedrooms | $336,301 |
| 3 Bedrooms | $346,346 |
| 4 Bedrooms | $413,376 |
Property Types
Home Values by Property Type in 23236
How different property types compare in this ZIP code.
All Homes
$383,332
Single Family
$381,014
Condo / Co-op
$398,277
Bottom Tier
$317,383
Top Tier
$490,426
Forecast
12-Month Home Value Forecast for 23236
Zillow projects home values in 23236 will increase 0.4% over the next year, reaching approximately $384,865.
Current Value
$383,332
Projected Change
+0.4%
▲ 0.4%
Projected Value
$384,865
Source: Zillow Home Value Forecast (ZHVF). Forecasts are not guarantees.
Data Sources and Methodology
Home value data for ZIP code 23236 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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