The Most Affordable Neighborhoods in Ginter Park, Richmond, VA by Home Value

 

Ginter Park, Richmond, VA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Ginter Park area can be challenging. Home prices in Ginter Park are now at a median cost of $596,383, higher than the Richmond average of $362,143.

The average cost of rent is $1,371/mo in Ginter Park, primarily driven by the current value of real estate in the Ginter Park area. In Ginter Park, 55.76% of households rent, and 25.65% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Ginter Park is $4,919 per month. Households that rent pay about 27.88% of their income on rent here. Ginter Park’s most expensive areas are in the western regions, while the cheapest areas are in the northwestern parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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