Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Monroe Ward area can be challenging. Home prices in Monroe Ward are now at a median cost of $317,875, higher than the Richmond average of $280,760.
The average cost of rent is $1,066/mo in Monroe Ward, primarily driven by the current value of real estate in the Monroe Ward area. While nearly 98.36% of residents own their homes outright in Monroe Ward, 97.44% rent.
Housing affordability isn’t just about home prices, though. The average household income in Monroe Ward is $1,912 per month. Households that rent pay about 55.77% of their income on rent here. Monroe Ward's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the neighborhood.
Nearby Neighborhoods
- VCU, Richmond, VA: higher priced homes
- Carver-Richmond, Richmond, VA: less expensive homes
- The Fan, Richmond, VA: higher priced homes
- Shockoe Bottom, Richmond, VA: higher priced homes
- Old Town Manchester, Richmond, VA: less expensive homes
- Church Hill, Richmond, VA: higher priced homes
- The Museum District, Richmond, VA: higher priced homes
- Creighton, Richmond, VA: less expensive homes
- Swansboro, Richmond, VA: less expensive homes
- Reedy Creek, Richmond, VA: less expensive homes
Neighborhoods with Similar Populations
- Holiday Park, Palm Bay, FL: less expensive homes
- Downtown Burlingame, Burlingame, CA: higher priced homes
- Lincoln Park-Buffalo, Tonawanda, NY: less expensive homes
- Keewaydin, Minneapolis, MN: equally priced homes
- Hunterwood, Houston, TX: less expensive homes
- Enderis Park, Milwaukee, WI: less expensive homes
- East Community Team North, Kansas City, MO: less expensive homes
- Downtown Lynn Haven, Lynn Haven, FL: less expensive homes
- Delman, San Bernardino, CA: less expensive homes
- City Center, Miami Beach, FL: higher priced homes
All Local Stats
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