ZIP Code Market Report · Updated May 2026
Is 23201 a Buyer's
or Seller's Market?
📍 Richmond, Virginia · VA
72
🟡 WARM
Balanced market
21 days avg on market · Tax rate: 1.02%/yr
Mortgage Breakdown — 23201
Median Price$380,000
20% Down$76,000
Loan Amount$304,000
Rate (~6.7%)$1,961/mo P&I
Property Tax$323/mo
Total PITI$2,442/mo
Income Needed$81,400/yr
Educational purposes only. Market data is estimated. Not financial advice. Always verify with a licensed professional.
The other half of the answer
Prices tell you what a house costs here. They do not tell you whether a lender will approve the loan — and that varies more than almost anyone realises.
22.4%
of FHA applications denied in Richmond, VA, 2025 · national 22.1%
FREEDOM MORTGAGE CORPORATION
14.6% United Wholesale Mortgage
20.1% PENNYMAC LOAN SERVICES LLC
24.5% NVR MORTGAGE FINANCE, INC.
37.0% A 22.4-point spread between the busiest FHA lenders in this metro.
Loans under $150K denied at 54.6% versus 18.3% above $250K.
CFPB HMDA 2025, computed by FinanceRateCalc. Covers the highest-volume lenders published for this market, not all lenders. Rates reflect applicant mix as well as lender practice — historical observations, not predictions. CC BY 4.0, not independently reproduced.
The Denial Dispatch
One finding a week from the federal mortgage record.
One chart, three paragraphs, every Saturday. Measured, not assumed.
Get the Dispatch →