Real estate · Metro area · Virginia
Property management companies in the Richmond, VA metro area
Competitor counts, household spending and official business counts for property management companies in the Richmond, VA metro area, set against other metro areas and the U.S.
Groundwork market score · out of 100
Score 52 out of 100: Upper middle
Ranked #169 of 374 scored metro areas
#3 of 9 scored metro areas based in Virginia
- Listings
- 156
- 5 chain locations (3%)
- Official establishments
- 329
- +18.7% since 2019
- Household spending a year
- $8.7B
- On rent and homeowner costs · $16,247 a household
- Housing spending per listing (U.S. = 100)
- 100
- In line with the U.S.
- Listings per 10k households
- 2.9
- 3% below the U.S.
- Population, 2025
- 1,389,338
- +5.5% since 2020
See the property management companies around any address in the Richmond metro area
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 the Richmond metro area. Signed out, you see a blurred preview; on an account, each report is one action.
Free10 actions over 3 days, no cardSurvey estimates 2020–2024 · population estimates 2025 · official business counts 2023 · map listings September 2026 · Data credits · How we measure
What this means
Map listings as of September 2026 show 156 property management companies in the Richmond metro area. 5 of them (3%) are chain locations, against 4% across the U.S. That is 2.9 per 10,000 households, 3% below the U.S. rate of 3.0.
Household spending on rent and homeowner costs in the Richmond metro area comes to about $8.7B a year: $16,247 per household, 2% below the U.S. average. Housing spending per company is in line with 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.
The official count of businesses with payroll classed as residential and commercial property managers in the Richmond metro area was 329 in 2023, up 18.7% from 2019. That is one for every 1,621 households, against one for every 1,638 across the U.S. Since fiscal 2022, 5 SBA-backed loans worth $1.1M have gone to businesses classed as residential and commercial property managers in the Richmond metro area.
Population estimates put the population change in the Richmond metro area from 2020 to 2025 at +5.5%, faster than the U.S. (+3.1%). The Richmond metro area scores 52 (upper middle) on the Groundwork market score for property management companies, ranking #169 of 374 scored metro areas and #3 of 9 scored metro areas based in Virginia.
How the Richmond metro area 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.
| Measure | Richmond metro area | Virginia | U.S. |
|---|---|---|---|
| Listings per 10k households | 2.9 | 2.9 | 3.0 |
| Housing spending per listing (U.S. = 100) | 100 | 105 | 100 |
| Households per official establishment | 1,621 | 1,787 | 1,638 |
| Official establishment growth, 2019–2023 | +18.7% | +9.4% | +11.4% |
| Population growth, 2020–2025 | +5.5% | +2.8% | +3.1% |
| Spending per household on rent and homeowner costs | $16,247 | $16,844 | $16,661 |
| Median household income | $86,679 | $93,170 | $80,734 |
| Groundwork market score | 52 | 52 |
Official counts and lending
Businesses
- Official establishments, 2019 to 2023
- 329+18.7% over the period
- Employees, 2023
- 2,950
- Annual payroll, 2023
- $214.6M
- One-person businesses, 2023
- Not publishedNot published for this business type
- Map listings, September 2026
- 1565 chain locations
- Listings at the U.S. rate for this spending
- 156The U.S. ratio of listings to household spending, applied here
SBA-backed loans since fiscal 2022
- Loans
- 5
- Amount
- $1.1M
SBA-backed loans to businesses classed as residential and commercial property managers in the Richmond metro area, 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 the Richmond metro area
- Population, 2025 estimate
- 1,389,338+5.5% since 2020
- Households
- 533,430
- Median age
- 40.2
- Homes lived in by their owners
- 67%
- Vehicles per household
- 1.9
- Land area
- 4,368 sq. mi.
- People per square mile
- 307
- Median household income
- $86,679+26.5% vs. 2015–2019, before inflation
- Average household income
- $117,479
- Median home value
- $353,500
- Jobs located here
- 693,750
- Daytime population
- 1,389,666Residents who don’t work, plus everyone whose job is here
Looking at a specific site in the Richmond metro area?
These figures cover the whole metro area. 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 the Richmond metro area. Signed out, you see a blurred preview; on an account, each report is one action.
Free10 actions over 3 days, no cardProperty management across Virginia
Every Virginia market ranked →The highest-scoring metro areas in Virginia for property management companies, numbered among those based in Virginia (a market based in another state is listed without a number), with the Richmond metro area marked.
Top metro areas in Virginia
| Market | Score | Listings | Per 10k households | Housing spending per listing (U.S. = 100) | Population growth | U.S. rank |
|---|---|---|---|---|---|---|
| Kingsport-Bristol, TN-VA | 71 | 10 | 0.8 | 325 | +2.3% | #27 of 374 |
| 1Harrisonburg, VA | 54 | 12 | 2.4 | 112 | +3.5% | #148 of 374 |
| 2Staunton-Stuarts Draft, VA | 54 | 14 | 2.7 | 98 | +3.2% | #154 of 374 |
| 3Richmond, VA | 52 | 156 | 2.9 | 100 | +5.5% | #169 of 374 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 51 | 795 | 3.4 | 102 | +3.3% | #174 of 374 |
| 4Winchester, VA-WV | 46 | 22 | 4.0 | 72 | +6.5% | #226 of 374 |
| 5Roanoke, VA | 45 | 35 | 2.7 | 99 | +0.4% | #227 of 374 |
| 6Lynchburg, VA | 40 | 37 | 3.6 | 73 | +2.9% | #270 of 374 |
| 7Virginia Beach-Chesapeake-Norfolk, VA-NC | 39 | 214 | 3.0 | 94 | +0.9% | #278 of 374 |
| 8Blacksburg-Christiansburg-Radford, VA | 30 | 29 | 4.1 | 63 | −0.1% | #350 of 374 |
Other business types in the Richmond metro area
Each with its Groundwork market score here, out of 100, where it has one.
Food and drink
Groceries and convenience
Auto
Beauty and personal care
Fitness and classes
Health care
Child care
Clothing and laundry
Home services
Real estate
- Real estate46
- Real estate agents and brokers46
- Property management52
- Mortgage brokers and lenders47
- Home inspectors77
Funeral services
Questions
How many property management companies are in the Richmond, VA metro area?
There are 156 property management companies on map listings in the Richmond metro area as of September 2026. 5 of them (3%) are chain locations. The listings count property management companies. Official counts show 329 businesses with payroll classed as residential and commercial property managers in 2023, up 18.7% from 2019.
How much do households in the Richmond, VA metro area spend on rent and homeowner costs?
About $8.7B a year, or $16,247 per household. That is 2% below the U.S. average (an index of 98, where 100 is the U.S. average). For the 156 property management companies on map listings, housing spending per company is in line with 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 533,430 households in the Richmond metro area and national spending patterns by income.
How does the Richmond, VA metro area compare with the U.S. for property management companies?
The Richmond metro area has 2.9 property management companies per 10,000 households, 3% below the U.S. rate of 3.0. The index of housing spending per company is 100, where 100 is the U.S. The count on map listings matches the U.S. ratio of property management companies to household spending. There is one business with payroll in the industry for every 1,621 households, against one for every 1,638 across the U.S. The official count rose 18.7% from 2019 to 2023, against +11.4% for the U.S.
How fast is the Richmond, VA metro area growing?
Population estimates put the Richmond metro area at 1,389,338 people in 2025, up 5.5% since 2020, faster than the U.S. (+3.1%). It has 533,430 households. The median household income in the Richmond metro area is $86,679 a year, 7% above the U.S. median of $80,734. That rose 26.5% 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. The Richmond metro area scores 52 for property management companies (upper middle), #169 of 374 scored metro areas.
How can I see the market around a specific site?
Run a Groundwork site report on an address in the Richmond metro area. 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 the Richmond metro area
Screening a site or an acquisition in the Richmond metro area?
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 the Richmond metro area. 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.