OwnRVA Public Research · August 2026
Updated: September 30, 2026. Published: September 29, 2026.
Zillow Home Value Index levels and same-month changes over one, three and five years.
Question this report answers
How did typical home values change from August 2021 to August 2026?
Concise answer
All three jurisdictions had higher typical values than in August 2021, with five-year gains exceeding twenty percent. One-year growth was much slower, showing how a long-run appreciation story can coexist with a more restrained current pace.
What the source reports
| Jurisdiction | Aug. 2026 ZHVI | 1-year change | 3-year change | 5-year change |
|---|---|---|---|---|
| Richmond city | $368,925 | 1.8% | 7.0% | 23.3% |
| Henrico County | $400,287 | 1.7% | 7.7% | 26.2% |
| Chesterfield County | $412,221 | 2.6% | 7.8% | 26.5% |
How to read the result
All three jurisdictions had higher typical values than in August 2021, with five-year gains exceeding twenty percent. One-year growth was much slower, showing how a long-run appreciation story can coexist with a more restrained current pace.
Decision context
All three jurisdictions had higher typical values than in August 2021, with five-year gains exceeding twenty percent. One-year growth was much slower, showing how a long-run appreciation story can coexist with a more restrained current pace. This is a dated county-level signal, not a property-level recommendation or forecast. Before acting, compare the home with same-type current competition and recent closed sales, then account for location, condition, concessions, association terms, financing and timing. The source period, geography and property-type definition should stay attached to the conclusion so a broad market statistic is not mistaken for proof about one home. It does not replace appraisal, inspection, lending, tax, legal, association, insurance or title advice, and it does not establish why a listing changed, whether a contract will close, or how any individual buyer or seller should proceed.
What buyers can do with it
ZHVI is useful for broad context and budgeting discussions, but a purchase decision still depends on comparable sales for the same property type and micro-market, plus condition and financing costs.
What sellers can do with it
Index growth does not transfer mechanically to one home. Renovation quality, maintenance, lot, location and the current competitive set determine whether a property tracks above or below the jurisdiction trend.
Method and limits
ZHVI estimates the typical value for homes in the 35th to 65th percentile and is smoothed and seasonally adjusted. It is not the median price of homes sold that month.
Values were extracted from the provider's public county-level file or report, normalized to a common jurisdiction label, and checked for duplicate jurisdiction-period records. No client MLS export or private customer data were used. Provider definitions remain authoritative and may be revised.
Source access: Zillow Research. Public source snapshot assembled September 29, 2026. Remote acquisition time is not independently attested; local persistence time and file hash are retained in the preparation ledger.
Frequently asked questions
How did typical home values change from August 2021 to August 2026?
All three jurisdictions had higher typical values than in August 2021, with five-year gains exceeding twenty percent. One-year growth was much slower, showing how a long-run appreciation story can coexist with a more restrained current pace.
Can this county-level result predict the outcome for one property?
No. ZHVI estimates the typical value for homes in the 35th to 65th percentile and is smoothed and seasonally adjusted. It is not the median price of homes sold that month. A property-specific decision still requires current same-type comparisons, condition, terms and location.
Michela Worthington