Richmond, Virginia BoomTown Score & Growth Data (2026)

Q: Is Richmond a good place to invest in real estate?

Richmond has a BoomTown Score of 41/100 (Emerging).

Q: Is Richmond growing fast?

Richmond has -0.06% population growth year-over-year.

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33

Population Growth

-0.06%

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47

Building Permits

+13.06%

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61

Job Growth

+4.19%

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22

Net Migration

-1,520

What's Driving Growth in Richmond

Richmond is an emerging market worth watching. With a BoomTown Score of 41/100, early indicators suggest this Virginia city could be on the verge of a growth spurt. The most promising signal is job growth (+4.19% employment growth). Watch this space - cities at this stage often accelerate quickly once a tipping point is reached.