THE FAN · 23220 Serving the Victorian heart of Richmond

Property management in the Fan,
where Richmond walks.

The Fan District has one of the longest intact stretches of Victorian architecture in the United States — and one of Richmond's most reliable rental markets. Streetcar suburb to streetcar suburb, the neighborhood has been desirable for over 130 years. We manage 13+ homes here, across the Upper and Lower Fan, Monument Avenue, and the streets that fan westward from Monroe Park.

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— The The Fan rental market

Numbers from our portfolio, not third-party guesses.

These figures come from the homes we actively manage in ZIP 23220 — averaged across our Fan portfolio. No Zillow estimates, no public-record approximations. The numbers we use to price your rental.

13homes
Currently managed in The Fan.
$2,150avg
Average monthly rent across our The Fan portfolio. Single-family and multi-unit combined.
18days
Average days to lease a The Fan vacancy.
8.7%
Annual rent growth in our The Fan portfolio.
— PORTFOLIO SNAPSHOT, Q2 2026 · UPDATED QUARTERLY
— About the neighborhood

About The Fan.

What makes The Fan distinctive — historically, architecturally, and as a rental market.

— The history

Originally plotted as the village of Sydney, 1817.

The Fan takes its name from the fan-like layout of streets that radiate westward from Monroe Park to the Boulevard. The land was first plotted as the village of Sydney in 1817 on property formerly owned by William Byrd II, but most of the neighborhood was built between the 1880s and 1920s — the era of Richmond's streetcar suburbanization.

Richmond launched the nation's first electric streetcar system in 1888, and the Fan grew along its tracks. The result is a remarkably intact early-20th-century neighborhood: Italianate, Queen Anne, Richardsonian Romanesque, and Colonial Revival rowhouses lining tree-canopied streets. The Fan Area Historic District and Monument Avenue Historic District are both on the National Register of Historic Places.

The neighborhood was named one of the American Planning Association's "Great Neighborhoods" in 2014.

— The contemporary

Richmond's most walkable neighborhood, by most measures.

The Fan is the most densely populated neighborhood in Richmond — 13,442 residents packed into 228 acres. It's also one of the most walkable: cafes, restaurants, parks, and shops are all within blocks of nearly every home.

Monument Avenue runs through the neighborhood — a National Historic Landmark district lined with grand homes and the home of the annual Monument Avenue 10K race and Easter on Parade. Virginia Commonwealth University's Monroe Park Campus sits at the eastern edge, bringing 30,000+ students into the immediate rental market.

The Fan borders Carytown to the west, the Museum District to the northwest, and downtown to the east — meaning Fan residents are minutes from the Virginia Museum of Fine Arts, the Byrd Theatre, the James River, and downtown employers. ZIPs 23220 and 23221 cover the neighborhood.

Most Richmond renters know the Fan from the outside.
We know it from twelve years inside it.
— Who The Fan is for

Two kinds of people we work with most in The Fan.

Every Richmond neighborhood has its own renter and owner profile. The Fan's profile is distinct enough that we've built our approach around it.

— FOR OWNERS

Investors who understand steady demand and density.

The Fan is the rental market in Richmond that doesn't soften. VCU students, recent graduates, young professionals, restaurant industry workers, and an increasingly older empty-nester population all compete for the same tightly-bounded inventory. Rents stay strong, vacancy stays low, and demand is genuinely year-round.

Owning here often means owning a Victorian rowhouse with the maintenance reality that implies — older plumbing, original masonry, occasional structural quirks. We've built a vendor network specifically suited to historic-district housing stock. Generic suburban contractors get expensive fast on Fan properties.

— FOR RESIDENTS

People who want to walk to dinner.

Most of our Fan residents are graduate students, young professionals, restaurant industry workers, downsizing empty-nesters, and people who specifically chose the Fan because they didn't want to drive everywhere. The neighborhood's walkability is the main pitch — and it delivers.

If you want a yard, off-street parking, and a home that needed no work this century, this is the wrong neighborhood. If you want to live in a 100-year-old house on a tree-lined street within walking distance of dozens of restaurants, the VMFA, Carytown, and Monument Avenue, the Fan is exactly that.

— Currently available

Available rentals in The Fan right now.

Live listings filtered to The Fan from our management system. Pulls every The Fan home we currently have on the market.

Loading The Fan rentals…

Fetching live data from our management system.

— Common questions

The Fan property questions, answered.

What does it cost to rent in the Fan?
Our Fan portfolio averages around $2,150/month, but rents vary widely. Smaller VCU-adjacent apartments can run $1,200-$1,400. Restored Victorian rowhouses on Grove or Park Avenue can command $2,500-$3,500. Monument Avenue addresses carry their own premium. Browse the live listings above for current pricing on what we have available.
What's the parking situation in the Fan?
Mostly on-street, mostly free, sometimes competitive. Permit-required residential zones cover most of the neighborhood — important to know if you're considering a move or considering a Fan investment. Off-street parking (a driveway or garage) is rare and adds a meaningful rent premium. We help residents navigate the parking permit system as part of move-in.
Are Fan houses hard to maintain?
Older homes have older systems. Original sash windows, plaster walls, knob-and-tube remnants in unrenovated basements, slate roofs, and aging masonry all require contractors who know what they're doing. Cheap fixes age badly here. We've spent years building a vendor list of contractors who specialize in Fan-style architecture — that's a real differentiator over generic property management.
Are Fan rentals subject to historic district rules?
Most of the Fan falls within the Fan Area Historic District (NRHP) and parts fall within the Monument Avenue Historic District. Exterior changes — windows, doors, roofing, additions — typically require Commission of Architectural Review approval. Interior renovations are generally unrestricted. The good news: the rules are what protect the neighborhood's value.
How does Fan rental demand compare to the rest of Richmond?
Fan demand is the most reliable in Richmond. Average days-to-lease across our portfolio is around 18 — faster than the metro average. VCU's presence creates a recurring rental cycle that doesn't soften with the broader economy the way some markets do.
Do you cover the Museum District and Carytown too?
We manage some homes in adjacent neighborhoods — Museum District (23221) and the edges of Carytown — but the bulk of our 23220 portfolio is in the Fan proper. The character of the housing stock is similar across all three, so a lot of our experience transfers across borders.

Looking to buy, rent, or list in The Fan?

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