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Richmond
  • City in Virginia
City
Richmond
#64 in Best Cities for Young Professionals in America
  • B+
    Overall Grade
  • City in Virginia
  • 604 reviews
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    Richmond Real Estate Market

    Housing
    C minus
    Based on home values, property taxes, housing costs, local schools, and more.
    Area Feel
    Urban Suburban Mix
    Rent vs. Own
    • Rent
      57%
    • Own
      43%
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    Real Estate Costs

    Median Home Value
    $263,000
    National
    $244,900
    Home Values
    • <$50k
      2%
    • $50-$99k
      8%
    • $100-$199k
      26%
    • $200-$399k
      37%
    • $400-$749k
      19%
    • $750k+
      8%
    Median Rent
    $1,132
    National
    $1,163
    Monthly Rent
    • <$500
      11%
    • $500-$999
      26%
    • $1,000-$1,499
      42%
    • $1,500-$1,999
      16%
    • $2,000+
      5%
    54%
    of residents say housing is affordable. 35 responses

    Home Quality

    Poll
    49%
    of residents say the exterior quality of homes is good or excellent. 35 responses
    Poll
    57%
    of residents say the interior quality of homes is good or excellent. 35 responses
    63%
    of residents say there is a good variety of homes. 35 responses
    74%
    of residents say there are a few vacant or abandoned properties here and there. 35 responses
    43%
    of residents say that parking is readily available. 35 responses
    Explore Real Estate in Similar Places
    Homes in Richmond have a median value of $263,000. The median rent price in Richmond is $1,132 and most residents rent their homes. Richmond is very walkable, and there are a lot of restaurants, coffee shops, and parks nearby.
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