Construction Value
$312.4M ▲ 34.9%
Units Permitted
2,540 ▲ 11.3%
Avg Value / Unit
$123K
2024 · Census Bureau Building Permits Survey
Construction activity in Richmond jumped in 2024, up 11.3% from the prior year with 2,540 housing units permitted. At $123K per unit, new builds are in line with the Richmond City County average of $123K. Volume is roughly in line with neighboring towns (2,540 units on average). 85% of new units were multi-family (apartments, condos, duplexes).
Housing Mixi
Development Densityi
Units per building permitted
A mix of single-family and multi-unit development.
Construction Intensityi
$1K
per resident
County avg: $1K+1%
$5.2M
per square mile
Richmond vs. Richmond City County Averagei
Where the Money Goesi
Construction value by housing type (2024)
| Type | Units | Bldgs | Value | Share |
|---|---|---|---|---|
| ■ Single-Family | 380 | 380 | $80.2M | 26% |
| ■ Duplex | 80 | 40 | $11.7M | 4% |
| ■ 3-4 Unit | 3 | 1 | $567K | 0% |
| ■ 5+ Unit | 2,077 | 27 | $220.0M | 70% |
County Ranking by Construction Volume
Among 1 permit-issuing towns in Richmond City County
Historical trends, year-over-year analysis, and full permit history available with a paid plan. See products & pricing →