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

    Housing
    C-
    Based on home values, property taxes, housing costs, local schools, and more.
    Area Feel
    Urban Suburban Mix
    Rent vs. Own
    • Rent
      58%
    • Own
      42%
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    Homes for Sale

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    Real Estate Costs

    Median Home Value
    $220,700
    National
    $184,700
    Home Values
    • <$50k
      2%
    • $50-$99k
      12%
    • $100-$199k
      31%
    • $200-$399k
      34%
    • $400-$749k
      15%
    • $750k+
      5%
    Median Rent
    $979
    National
    $949
    Monthly Rent
    • <$500
      12%
    • $500-$999
      40%
    • $1,000-$1,499
      34%
    • $1,500-$1,999
      10%
    • $2,000+
      3%
    56%
    of residents say housing is affordable.32 responses

    Home Quality

    Poll
    50%
    of residents say the exterior quality of homes is good or excellent.32 responses
    Poll
    56%
    of residents say the interior quality of homes is good or excellent.32 responses
    63%
    of residents say there is a good variety of homes.32 responses
    75%
    of residents say there are a few vacant or abandoned properties here and there.32 responses
    44%
    of residents say that parking is readily available.32 responses
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    Homes in Richmond have a median value of $220,700. The median rent price in Richmond is $979 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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