Market Summary

Northrop, Richmond City, VA

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Median Home Price Price

$304,487 $304.5K

Median Monthly Rent Rent

$1,585 $1.6K

GRM

16.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Similar markets within Richmond City County

Region Price Rent GRM Display
$270,894 $1,615 14.0x
$253,814 $1,624 13.0x
$269,939 $1,581 14.0x
$252,313 $1,557 14.0x

Home prices

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Monthly rent

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GRM

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Similar markets within VA outside of Richmond City County

Region Price Rent GRM Display
$306,558 $1,615 16.0x
$289,364 $1,659 15.0x
$260,500 $1,599 14.0x
$321,826 $1,636 16.0x

Home prices

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Monthly rent

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GRM

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Similar markets outside of VA

Region Price Rent GRM Display
$698,385 $1,581 37.0x
$278,960 $1,188 20.0x
$104,051 $1,284 7.0x
$321,151 $1,441 19.0x
$350,970 $1,390 21.0x
$422,051 $1,243 28.0x
$186,493 $1,051 15.0x
$349,009 $1,490 19.0x
$269,363 $1,430 16.0x
$379,749 $1,567 20.0x
$166,338 $1,025 13.0x

Home prices

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Monthly rent

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GRM

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Northrop

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Trend Insights

Median Rent in Northrop, VA is $1,585, with MoM change +$15 and YoY change +$93 pointing to positive momentum while volatility is low (std $22).

Benchmark Markets Side by Side

Search a market to benchmark rent, price, YoY, and price-to-rent against Northrop, VA.

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Metric
Base market Northrop, VA
Compare market Select a market
Delta vs base
Median rent
$1,585
N/A
Median price
$304,487
N/A
YoY change
+$93
N/A
Price-to-rent
16.0x
Data unavailable
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