Our team in Richmond loves raving about how amazing it is to live in The River City! Aside from the widespread art communities and rich history where we have the pleasure of enjoying street art (including over 100 mural installations), museums, and historical landmarks, Richmond is so special to us and everyone that lives here because of its housing market! As realtors in the area, you might be questioning the validity of such a bold statement. But we’ll have you know, our obsession with our beloved city is backed by science! 

According to a recent study, compiled with data from the National Association of Realtors and the U.S. Census, Richmond has been named the 6th best city in the country for your wallet (Home Media, 2021)! Despite having a low number of single-family home permits, Richmond boasted an affordable median home price in 2021 at only $304,307, and low homeownership costs coming in at just $1,555 between 2015-2019 for those with a mortgage and only $586 for those without one (U.S Census Bureau). We compared this data to the national average according to the National Association of Realtors, who reported that median home prices in 2021 reached record highs at $346,900! 

As demand for homes across the country rises and the relative price of real estate soaring with it, we are proud to conclude that Richmond is a top destination for families looking to save money amidst this crazy market! Whether you’re looking to stop renting and purchase your first home, move-up to a bigger residence, downsize to a home more suitable for your needs, or invest in a property, our Team in Richmond is well prepared and excited to get you a great deal and unlock the power of Richmond real estate! Do not hesitate to reach out to us for any of your moving needs! Call us at 703-297-4251 or read about our Buy Back Guarantee to begin your journey! 



Home Media. (2021, December 14). The best and worst cities for your wallet (2022). The best and Worst Cities for Your Wallet (2022). Retrieved January 26, 2022, from https://www.marketwatch.com/picks/guides/finance/best-and-worst-cities-for-your-wallet/

U.S. Census Bureau quickfacts: Richmond City, Virginia. (n.d.). Retrieved January 26, 2022, from https://www.census.gov/quickfacts/richmondcityvirginia