Groundwork

Real estate · County · Virginia

Property management companies in Richmond city, VA

Competitor counts, household spending and official business counts for property management companies in Richmond city, VA, set against other counties and the U.S.

Groundwork market score · out of 100

Score 29 out of 100: Lower middle

Ranked #797 of 910 scored counties
#29 of 40 scored counties in Virginia

Listings
48
0 chain locations (0%)
Official establishments
107
+32.1% since 2019
Household spending a year
$1.5B
On rent and homeowner costs · $14,727 a household
Housing spending per listing (U.S. = 100)
58
42% below the U.S.
Listings per 10k households
4.6
53% above the U.S.
Population, 2025
237,257
+4.6% since 2020

See the property management companies around any address in Richmond city

The site report maps the property management companies on map listings near the address, by name and distance, and sizes the households and spending around it. Or open the report at the center of Richmond city. Signed out, you see a blurred preview; on an account, each report is one action.

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Survey estimates 2020–2024 · population estimates 2025 · official business counts 2023 · map listings September 2026 · Data credits · How we measure

What this means

Richmond city scores 29 (lower middle) on the Groundwork market score for property management companies, ranking #797 of 910 scored counties and #29 of 40 scored counties in Virginia. That puts it in the bottom quarter of counties.

Map listings as of September 2026 show 48 property management companies in Richmond city. None of them are chain locations, against 4% across the U.S. That comes to 4.6 for every 10,000 households, 53% above the U.S. rate of 3.0.

Household spending on rent and homeowner costs in Richmond city comes to about $1.5B a year: $14,727 per household, 12% below the U.S. average. Housing spending per company is 42% below the U.S. figure. That figure is all rent and homeowner costs, used as a measure of housing demand; it is not money property management companies take in.

Official counts show 107 businesses with payroll classed as residential and commercial property managers in Richmond city in 2023, up 32.1% from 2019. That is one for every 975 households, against one for every 1,638 across the U.S. Since fiscal 2022, 1 SBA-backed loan worth $311K has gone to businesses classed as residential and commercial property managers in Richmond city. Population estimates show Richmond city grew 4.6% from 2020 to 2025, faster than the U.S. (+3.1%).

How Richmond city compares

The same measures for Virginia and the whole U.S. Housing spending per listing divides all rent and homeowner costs by the listings counted: a measure of housing demand for each business, not money any of them take in, so it is shown against the U.S. (100) only. Households per establishment divides households by the official count.

Property management in Richmond city, VA compared with Virginia and the U.S.
MeasureRichmond cityVirginiaU.S.
Listings per 10k households4.62.93.0
Housing spending per listing (U.S. = 100)58105100
Households per official establishment9751,7871,638
Official establishment growth, 2019–2023+32.1%+9.4%+11.4%
Population growth, 2020–2025+4.6%+2.8%+3.1%
Spending per household on rent and homeowner costs$14,727$16,844$16,661
Median household income$64,587$93,170$80,734
Groundwork market score2952

Official counts and lending

Businesses

Official establishments, 2019 to 2023
81 → 107+32.1% over the period
Employees, 2023
1,068
Annual payroll, 2023
$70.6M
One-person businesses, 2023
Not publishedNot published for this business type
Map listings, September 2026
480 chain locations
Listings at the U.S. rate for this spending
28The U.S. ratio of listings to household spending, applied here

SBA-backed loans since fiscal 2022

Loans
1
Amount
$311K

SBA-backed loans to businesses classed as residential and commercial property managers in Richmond city, through June 2026, placed by the borrower’s ZIP code. Official establishments are businesses with payroll; the official counts leave out places with fewer than 3.

Population and households in Richmond city

Population, 2025 estimate
237,257+4.6% since 2020
Households
104,321
Median age
36.4
Homes lived in by their owners
44%
Vehicles per household
1.5
Land area
60 sq. mi.
People per square mile
3,827
Median household income
$64,587+36.7% vs. 2015–2019, before inflation
Average household income
$97,266
Median home value
$353,000
Jobs located here
174,706
Daytime population
296,295Residents who don’t work, plus everyone whose job is here

Looking at a specific site in Richmond city?

These figures cover the whole county. A site report draws rings around one address and counts what’s inside them: households, spending, jobs, and the property management companies on map listings by name and distance.

Or open the report at the center of Richmond city. Signed out, you see a blurred preview; on an account, each report is one action.

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Property management across Virginia

Every Virginia market ranked →

The highest-scoring counties in Virginia for property management companies, numbered among those based in Virginia, with Richmond city marked.

Top counties in Virginia

Counties in Virginia ranked for property management companies by Groundwork market score
MarketScoreListingsPer 10k householdsHousing spending per listing (U.S. = 100)Population growthU.S. rank
1Stafford County, VA82132.5142+8.3%#20 of 910
2Hanover County, VA7781.9171+5.6%#54 of 910
3Loudoun County, VA77342.4166+6.4%#56 of 910
4Chesterfield County, VA76211.5207+8.7%#63 of 910
5Rockingham County, VA7651.5182+6.6%#66 of 910
6Suffolk city, VA7671.8159+10.4%#68 of 910
7Prince William County, VA76362.3152+4.2%#69 of 910
8Frederick County, VA7572.0154+8.8%#85 of 910
9Spotsylvania County, VA70163.0104+10.5%#148 of 910
10Chesapeake city, VA68141.5201+2.3%#154 of 910
29Richmond city, VA29484.658+4.6%#797 of 910

Other business types in Richmond city

Each with its Groundwork market score here, out of 100, where it has one.

Questions

How many property management companies are in Richmond city, VA?

There are 48 property management companies on map listings in Richmond city as of September 2026. None of them are chain locations. The listings count property management companies. Official counts show 107 businesses with payroll classed as residential and commercial property managers in 2023, up 32.1% from 2019.

How much do households in Richmond city, VA spend on rent and homeowner costs?

About $1.5B a year, or $14,727 per household. That is 12% below the U.S. average (an index of 88, where 100 is the U.S. average). For the 48 property management companies on map listings, housing spending per company is 42% below the U.S. figure. The spending figure is all rent and homeowner costs, a measure of housing demand, not money property management companies take in. It is estimated from the incomes of the 104,321 households in Richmond city and national spending patterns by income.

How does Richmond city, VA compare with the U.S. for property management companies?

Richmond city has 4.6 property management companies per 10,000 households, 53% above the U.S. rate of 3.0. The index of housing spending per company is 58, where 100 is the U.S. At the national ratio of property management companies to household spending, Richmond city would have about 28, against 48 on map listings. There is one business with payroll in the industry for every 975 households, against one for every 1,638 across the U.S. The official count rose 32.1% from 2019 to 2023, against +11.4% for the U.S.

How fast is Richmond city, VA growing?

Population estimates put Richmond city at 237,257 people in 2025, up 4.6% since 2020, faster than the U.S. (+3.1%). It has 104,321 households. The median household income in Richmond city is $64,587 a year, 20% below the U.S. median of $80,734. That rose 36.7% from the 2015–2019 survey, before inflation.

What is the Groundwork market score?

The Groundwork market score runs from 0 to 100 and compares a market with others of its kind for one business type: states with states, metro areas with metro areas, small-town markets and counties with their own. It weighs household spending per competitor (35%), households per business with payroll (25%), population growth (20%) and spending power (20%), each ranked against those peers. A higher score means that, taken together, the market has more household spending and more households for each business already there, faster population growth and more spending per household than similar markets. It describes a market, not any one site or deal. Richmond city scores 29 for property management companies (lower middle), #797 of 910 scored counties.

How can I see the market around a specific site?

Run a Groundwork site report on an address in Richmond city. It maps the property management companies on map listings near the site and sizes the households and spending within the distance you choose. New accounts get 10 actions over 3 days, no card.

How the score works · Top markets for property management companies · All 56 business types in Richmond city

Screening a site or an acquisition in Richmond city?

A site report maps the competitors on map listings near an address and sizes the households and spending around it.

The button opens the report at the center of Richmond city. Signed out, you see a blurred preview; on an account, each report is one action.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are estimates for research only. Not investment or real estate advice.