Property Prices in Richmond, VA, United States

Index Info
Price to Income Ratio: 3.80
Mortgage as Percentage of Income: 26.70%
Loan Affordability Index: 3.74
Price to Rent Ratio - City Centre: 16.73
Price to Rent Ratio - Outside of Centre: 6.30
Gross Rental Yield (City Centre): 5.98%
Gross Rental Yield (Outside of Centre): 15.88%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,166.89 $ 1,000.00-1,400.00
Apartment (1 bedroom) Outside of Centre 965.61 $ 800.00-1,067.25
Apartment (3 bedrooms) in City Centre 1,986.12 $ 1,600.00-3,400.00
Apartment (3 bedrooms) Outside of Centre 1,708.71 $ 1,400.00-2,200.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 386.12 $ 185.00-790.97
Price per Square Feet to Buy Apartment Outside of Centre 122.33 $ 109.93-155.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,596.00 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.60 2.29-4.25

These data are based on 202 entries in the past 18 months from 43 different contributors.
Last update: June 2021

Sources and References
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