Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Southwood area can be challenging. Home prices in Southwood are now at a median cost of $114,183, lower than the Richmond average of $280,760.
The average cost of rent is $898/mo in Southwood, primarily driven by the current value of real estate in the Southwood area. While nearly 17.15% of residents own their homes outright in Southwood, 68.23% rent.
Housing affordability isn’t just about home prices, though. The average household income in Southwood is $3,672 per month. Households that rent pay about 24.46% of their income on rent here. Southwood's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the neighborhood.
Nearby Neighborhoods
- Reedy Creek, Richmond, VA: higher priced homes
- Swansboro, Richmond, VA: higher priced homes
- Bellemeade, Richmond, VA: equally priced homes
- Jeff Davis, Richmond, VA: less expensive homes
- Jahnke, Richmond, VA: higher priced homes
- Old Town Manchester, Richmond, VA: higher priced homes
- Monroe Ward, Richmond, VA: higher priced homes
- VCU, Richmond, VA: higher priced homes
- Shockoe Bottom, Richmond, VA: higher priced homes
- The Fan, Richmond, VA: higher priced homes
Neighborhoods with Similar Populations
- South Houston Gardens, Pasadena, TX: higher priced homes
- Reichlieu, Mobile, AL: less expensive homes
- Riverside Heights, Tampa, FL: higher priced homes
- Rosemont North, Orlando, FL: higher priced homes
- Santa Fe, Emeryville, CA: higher priced homes
- Sharon Heights, Menlo Park, CA: higher priced homes
- Sherwoods Manor, Stockton, CA: higher priced homes
- South Abbott, Buffalo, NY: higher priced homes
- South Beach Miami Beach, Miami Beach, FL: higher priced homes
- South Broadway, Albuquerque, NM: equally priced homes
All Local Stats
Home Services
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