Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Richmond City area can be challenging. Home prices in Richmond City are now at a median cost of $268,429, lower than the Virginia average of $323,261.
The average cost of rent is $1,165/mo in Richmond City, primarily driven by the current value of real estate in the Richmond City area. While nearly 32.51% of residents own their homes outright in Richmond City, 54.63% rent.
Housing affordability isn’t just about home prices, though. The average household income in Richmond City is $5,147 per month. Households that rent pay about 22.64% of their income on rent here. Richmond City's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the county.
Nearby Counties
- Henrico County, VA: higher priced homes
- Chesterfield County, VA: higher priced homes
- Hanover County, VA: higher priced homes
- Powhatan County, VA: higher priced homes
- New Kent County, VA: higher priced homes
- King and Queen County, VA: less expensive homes
- Cumberland County, VA: less expensive homes
- Middlesex County, VA: equally priced homes
- Buckingham County, VA: less expensive homes
- Mathews County, VA: equally priced homes
Counties with Similar Populations
- Hinds County, MS: less expensive homes
- Racine County, WI: less expensive homes
- Onslow County, NC: less expensive homes
- Okaloosa County, FL: higher priced homes
- Merced County, CA: higher priced homes
- McLennan County, TX: less expensive homes
- Marin County, CA: higher priced homes
- Mahoning County, OH: less expensive homes
- Madison County, IL: less expensive homes
- Lubbock County, TX: less expensive homes
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