| Richmond, VA | |
|---|---|
 | |
| State | Virginia |
| Population | 226,622 |
| Links | |
| Maps | |
Compared to its nearby areas, Richmond is significantly more expensive, and it is somewhat more expensive compared to the United States as a whole.
The median home in Richmond costs $230,500. This is roughly $60,333 (35%) higher in comparison to its nearby areas.Compared to the United States as a whole it is about $13,000 (5%) higher.
In Richmond the median rent is $1,025 per month. It is roughly $65 (5%) lower in comparison to the surrounding areas.Compared to the country as a whole it is roughly $37 (3%) lower.
Manchester is Richmond's neighbor to the southwest. Housing prices there are a little less expensive. The median home in Manchester is valued at $188,500, which comes out to $42,000 (22%) lower than Richmond. The rent there is somewhat more expensive. Manchester's median rent is $1,184 per month, which is $159 (13%) higher than Richmond.
Bon Air is Richmond's neighbor to the west. Housing prices there are fairly similar. The median home cost in Bon Air is $241,000, which works out to $10,500 (4%) higher than Richmond. Its rents are a bit more expensive. The median rent in Bon Air is $1,381 per month, which comes out to $356 (25%) higher than Richmond.
Montrose is Richmond's neighbor to the east. Its real estate prices are substantially less expensive. The median home value in Montrose is $116,000, which comes out to $114,500 (98%) lower than Richmond. Rents there are similar. In Montrose the median monthly rent is $1,024, which is very similar to Richmond.
East Highland Park is Richmond's neighbor to the northeast. Its housing prices are a lot less expensive. The price of the median home in East Highland Park is $150,700, which works out to $79,800 (52%) lower than Richmond. Rents there are similar. In East Highland Park the median monthly rent is $1,053, which comes out to $28 (2%) higher than Richmond.
Lakeside is Richmond's neighbor to the north. The real estate prices there are a little less expensive. The median home in Lakeside is valued at $186,100, which comes out to $44,400 (23%) lower than Richmond. Rent there is fairly similar. Lakeside's median monthly rent is $1,012, which is $13 (1%) lower than Richmond.
Bensley is Richmond's neighbor to the south. Its real estate prices are a lot less expensive. The median home in Bensley is valued at $138,700, which works out to $91,800 (66%) lower than Richmond. Its rents are a bit less expensive. The median monthly rent in Bensley is $886, which is $139 (15%) lower than Richmond.