Property Prices in Richmond, VA, United States

Index Info
Price to Income Ratio: 3.16
Mortgage as Percentage of Income: 28.66%
Loan Affordability Index: 3.49
Price to Rent Ratio - City Centre: 10.66
Price to Rent Ratio - Outside of Centre: 7.70
Gross Rental Yield (City Centre): 9.38%
Gross Rental Yield (Outside of Centre): 12.99%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 1,578.76 $ 1,300.00-1,800.00
Apartment (1 bedroom) Outside of Centre 1,417.22 $ 1,200.00-2,000.00
Apartment (3 bedrooms) in City Centre 2,457.14 $ 2,200.00-2,900.00
Apartment (3 bedrooms) Outside of Centre 2,171.43 $ 2,000.00-2,500.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 320.25 $ 217.02-384.00
Price per Square Feet to Buy Apartment Outside of Centre 206.26 $ 180.00-223.00
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 4,480.09 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.66 6.19-6.80

These data are based on 119 entries in the past 18 months from 25 different contributors.
Last update: February 2024

Sources and References
Sign Up for Our Newsletter:
Your Email Address:
Leave a comment:

Your name: Sign In

Your email address (optional):

Your comment (no HTML):

0 Comments so far