The Most Affordable Neighborhoods in VCU, Richmond, VA by Home Value

 

VCU, Richmond, VA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the VCU area can be challenging. Home prices in VCU are now at a median cost of $359,100, higher than the Richmond average of $280,760.

The average cost of rent is $1,318/mo in VCU, primarily driven by the current value of real estate in the VCU area. While nearly 45.16% of residents own their homes outright in VCU, 52.04% rent.

Housing affordability isn’t just about home prices, though. The average household income in VCU is $950 per month. Households that rent pay about 138.74% of their income on rent here. VCU's most expensive areas are in the northern regions, while the cheapest areas are in the central parts of the neighborhood.


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