Property Prices in Richmond, VA, United States

Index Info
Price to Income Ratio: 2.77
Mortgage as Percentage of Income: 22.75%
Loan Affordability Index: 4.40
Price to Rent Ratio - City Centre: 13.61
Price to Rent Ratio - Outside of Centre: 5.79
Gross Rental Yield (City Centre): 7.35%
Gross Rental Yield (Outside of Centre): 17.27%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,542.92 $ 1,120.00-1,800.00
Apartment (1 bedroom) Outside of Centre 1,306.67 $ 850.00-1,600.00
Apartment (3 bedrooms) in City Centre 2,172.22 $ 1,750.00-2,600.00
Apartment (3 bedrooms) Outside of Centre 1,840.00 $ 1,500.00-2,400.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 384.00 $ 189.00-563.00
Price per Square Feet to Buy Apartment Outside of Centre 138.33 $ 69.00-191.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 5,070.67 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.43 5.43-5.43

These data are based on 74 entries in the past 18 months from 17 different contributors.
Last update: March 2023

Sources and References
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