What are the hidden costs of living in Richmond?

Higher property taxes than many surrounding suburbs Older homes may require more maintenance than newer developments Insurance premiums can be elevated due to local crime statistics

What is the median home price in Richmond?

The median home price in Richmond is approximately $242,300.

Is Richmond walkable?

Richmond has a Walk Score of 80 out of 100. It is considered very walkable.

Richmond, VA

Updated May 1, 2026 · Would You Live There?

Good for now

Verdict

$242K

Median Price

80/100

Walk Score

7.9/10

Schools

25 min

to Downtown Richmond

Score Breakdown

D+Quietness

50/100

D+Safety

55/100

CAffordability

63/100

BSchools

79/100

B+Walkability

80/100

B+Commute

85/100

WYLT Score69/100

Our Take

Richmond’s 23219 offers affordable housing, great walkability, and solid schools, but its median income is modest and some parts see higher crime. It’s a solid option for people who need to live close to downtown and can manage a moderate cost of living. If you’re looking for the lowest prices and don’t mind a bit of traffic and noise, it’s a reasonable choice.

Map

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The Good

✓Homes cost around $240k, which is below many parts of the city
✓Walk Score of 80 means you can get most errands on foot
✓School ratings average 7.9, with several high-rated schools nearby
✓Bike Score of 80 and several bike lanes make cycling easy

Real Talk

!Median household income ($57k) is below the national average, so wages may need to match the cost of living
!Certain blocks have higher crime rates, especially in the evenings
!Traffic congestion and limited parking can be frustrating during rush hour
!Noise from nearby commercial streets can keep the area lively but sometimes disruptive
$Higher property taxes than many surrounding suburbs
$Older homes may require more maintenance than newer developments
$Insurance premiums can be elevated due to local crime statistics

Best For

Young professionalsFirst‑time homebuyersStudentsRemote workers

Risk Snapshot

Flood riskLow

Violent crimeModerate

Property crimeModerate

Air qualityGood

Price volatilityModerate

Crime & Safety

Richmond, VA

D+

Safety grade

Safety score55 / 100

High riskVery safe

⚠️Violent Crime

Moderate

3.9incidents / 1,000 residents / yr

0Natl avg (3.7)11+

5% higher than the national average

🔒Property Crime

Moderate

19.8incidents / 1,000 residents / yr

0Natl avg (19.5)59+

2% higher than the national average

Verify with real-time data

AreaVibes crime →City-Data stats →NeighborhoodScout →

Rates are estimated from neighborhood characteristics using national FBI baselines. Actual figures vary by block — always verify with local sources before making decisions.

Similar Neighborhoods

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$238K · 9/10 schools

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Minot

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$264K · 7.9/10 schools

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Kennesaw

Kennesaw, GA

$265K · 8.6/10 schools

From Residents

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