Property Prices in Richmond, VA, United States

Index Info
Price to Income Ratio: 3.99
Mortgage as Percentage of Income: 28.74%
Loan Affordability Index: 3.48
Price to Rent Ratio - City Centre: 16.78
Price to Rent Ratio - Outside of Centre: 6.70
Gross Rental Yield (City Centre): 5.96%
Gross Rental Yield (Outside of Centre): 14.93%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,155.07 $ 950.00-1,327.00
Apartment (1 bedroom) Outside of Centre 935.39 $ 750.00-1,067.25
Apartment (3 bedrooms) in City Centre 2,014.25 $ 1,550.00-2,700.00
Apartment (3 bedrooms) Outside of Centre 1,669.36 $ 1,300.00-2,200.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 387.34 $ 185.00-790.97
Price per Square Feet to Buy Apartment Outside of Centre 126.53 $ 109.93-175.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,461.52 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.88 3.00-4.50

These data are based on 210 entries in the past 18 months from 43 different contributors.
Last update: February 2021

Sources and References
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