Market Intelligence Richmond, VA
Comp-rich · 24 tracked
Self-storage market in Richmond, VA — August 2026
Based on the 24 facilities we track in Richmond — a sample of Richmond’s market, not every facility.
As of August 2026 · data via OpenStreetMap + Foursquare
Market tightness
Balanced
Aggregate demand signal — not a facility occupancy figure.
Running a move-in promo
25%
Median rate by size
5×5
$59/mo
~20% above US ($49/mo)
typical $51/mo–$80/mo
5×10
$81/mo
~27% above US ($64/mo)
typical $64/mo–$102/mo
10×10
$109/mo
~17% above US ($93/mo)
typical $95/mo–$160/mo
10×20
$184/mo
~34% above US ($137/mo)
typical $106/mo–$214/mo
The bigger picture
Richmond, VA — market supply & demand
Lower storage supply per capita than ~91% of US metros — about 14.2 facilities per 100k people vs the 32.3 national median.
Richmond, VA looks under-supplied relative to the markets we track.
A metro of 1.3M residents and 524K households — the demand base behind the per-100k figure.
Supply: our registry · as of 2026-06
Demand trend
Population up ~6% since 2020 — a growing metro.
Net in-migration of ~65,000 residents since 2020.
Population trends historically correlate with storage demand — not a forecast. Census PEP, 2025 vintage.
Market context
Median household income
$84,405
Median gross rent
$1,388/mo
Renter share
67%
Census 2023 ACS 5-yr · demand context — these historically correlate with storage demand, not a forecast.
See your facility’s position in Richmond
Get a free report on your rates, the move-in promos around you, and how tight your market is — measured against the 24 facilities we track in Richmond.
Data & methodology
Aggregate analysis of publicly available self-storage facility data in Richmond, VA, as of August 2026. Facility data © OpenStreetMap contributors (ODbL) and Foursquare. Rates reflect published street rates; individual facility pricing varies. Figures describe the 24 facilities in our dataset for this metro — a sample skewed toward facilities on certain software platforms, not a complete census of the market.