Richmond city

Real Estate in Richmond, VA

Ready to move to Richmond, VA? Click below to learn more about recent housing trends, average home values and other real estate insights .

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    Photo by Joe Ravi under CC-BY-SA 3.0.

    The 5 Most Affordable Cities in Virginia

    Modest housing costs in Virginia’s biggest and best cities make the Commonwealth especially attractive to prospective residents

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    Photo: Chris Hancock

    Richmond, VA Neighborhoods Guide

    Neighborhoods in Richmond include a mix of new and historic homes, apartments and condominiums, and more.

Real Estate Overview

So you want to move to Richmond, VA, but aren’t sure if you can afford the housing costs? Here’s what you need to know: The median home price in Richmond is $193,700, while the median rent for a one bedroom apartment is $896 . The median salary in Richmond, VA, is $40,758, and depending on how yours compares, it should help you determine which housing option is best for you.

Property Values in Richmond, VA

  $1,000,000 or More 2.4%
  $50k to $99k 14%
  $100k to $149k 17.2%
  $200k to $299k 21.6%
  $300k to $499k 16.1%
  $500k to $999k 8.3%
  Less than $50k 3.9%

Median Home Price
in Richmond, VA

Monthly Rent in Richmond, VA

Property Tax (with Mortgage) in Richmond, VA

$1.5k to $2k 21.6%
$1k to $1.5k 33.1%
$2.5k to $3k 5.8%
$2k to $2.5k 11.3%
Property Tax $3k or more 8.8%
$500 to $999 18.1%

Median Property Tax
in Richmond, VA

Property Tax (without Mortgage) in Richmond, VA

$1k or More 10.4%
$250 to $399 20.6%
$400 to $599 31%
$600 to $799 23.5%
$800 to $999 9.4%
Less than $250 5.1%
Property Tax Less $0.5k 1.4%

Median Propery Value
in Richmond, VA

Median Rent
in Richmond, VA