2026 Affordability Data
Most Affordable Neighborhoods in Richmond - 2026 Data
The median home value in Richmond is $280,000, near national avg. Median rent is $1,566/month. With an affordability index of 120, Richmond is more affordable than the national baseline of 100. We ranked 15 neighborhoods by affordability to help you find the best value in the Richmond, VA area.
Key Takeaways: Affordability in Richmond
- 1The most affordable neighborhood in Richmond is Pulaski, with a median home value of $137,400.
- 2Richmond's median home value is $280,000, near national avg (national: $281,900).
- 3Richmond's affordability index is 120 (baseline 100), making it more affordable than the national average.
- 4Median rent in Richmond is $1,566/month, 35% above nat'l avg (national: $1,163/month).
- 5We analyzed 15 neighborhoods in Richmond to find the most affordable areas based on home values, rent, and affordability index.
Richmond Affordability Overview
Median Home Value
$280,000
Near nat'l avg
Median Rent
$1,566/mo
35% above nat'l avg
Median Income
$47,250
37% below nat'l avg
Affordability Index
120
20% above nat'l avg
Most Affordable Neighborhoods in Richmond (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | PulaskiVA | $137,400 |
| 2 | PurcellvilleVA | $570,600 |
| 3 | ChesapeakeVA | $310,000 |
| 4 | NorfolkVA | $225,000 |
| 5 | MartinsvilleVA | $82,800 |
| 6 | WarrentonVA | $421,000 |
| 7 | RoanokeVA | $162,000 |
| 8 | WilliamsburgVA | $385,600 |
| 9 | DanvilleVA | $102,000 |
| 10 | PortsmouthVA | $213,300 |
| 11 | HamptonVA | $219,800 |
| 12 | AlexandriaVA | $655,700 |
| 13 | PoquosonVA | $406,700 |
| 14 | LynchburgVA | $196,000 |
| 15 | Falls ChurchVA | $938,500 |
Detailed Neighborhood Profiles
Home Value: $137,400
Rent: $1,063/mo
Affordability: 137
Population: 8,982
Walk Score: 0/100
Home Value: $570,600
Rent: $1,063/mo
Affordability: 137
Population: 8,928
Walk Score: 0/100
Home Value: $310,000
Rent: $1,245/mo
Affordability: 128
Population: 249,422
Walk Score: 10/100
4
Home Value: $225,000
Rent: $1,625/mo
Affordability: 104
Population: 238,005
Walk Score: 79/100
5
Home Value: $82,800
Rent: $1,267/mo
Affordability: 98
Population: 13,539
Walk Score: 0/100
6
Home Value: $421,000
Rent: $1,267/mo
Affordability: 98
Population: 10,111
Walk Score: 0/100
7
Home Value: $162,000
Rent: $1,267/mo
Affordability: 98
Population: 99,213
Walk Score: 0/100
8
Home Value: $385,600
Rent: $1,267/mo
Affordability: 98
Population: 15,486
Walk Score: 0/100
9
Home Value: $102,000
Rent: $1,267/mo
Affordability: 98
Population: 42,507
Walk Score: 0/100
10
Home Value: $213,300
Rent: $1,267/mo
Affordability: 98
Population: 97,384
Walk Score: 0/100
11
Home Value: $219,800
Rent: $1,267/mo
Affordability: 98
Population: 137,217
Walk Score: 0/100
12
Home Value: $655,700
Rent: $1,267/mo
Affordability: 98
Population: 157,594
Walk Score: 0/100
13
Home Value: $406,700
Rent: $1,267/mo
Affordability: 98
Population: 12,479
Walk Score: 0/100
14
Home Value: $196,000
Rent: $1,267/mo
Affordability: 98
Population: 79,166
Walk Score: 0/100
15
Home Value: $938,500
Rent: $1,267/mo
Affordability: 98
Population: 14,576
Walk Score: 0/100
Frequently Asked Questions About Affordability in Richmond
What is the most affordable neighborhood in Richmond, VA?▾
Based on 2026 data, Pulaski is the most affordable neighborhood in Richmond with a median home value of $137,400. Kurby analyzed 15 neighborhoods in the Richmond area to compile these rankings.
What is the median home price in Richmond, VA?▾
The median home price in Richmond is $280,000, which is near national avg. The national median home value is $281,900 (Source: Kurby, 2026).
Is Richmond affordable compared to the national average?▾
Richmond has an affordability index of 120, which means housing is more affordable than the national baseline of 100. An index above 100 indicates that a median-income household can afford a median-priced home in the area.
What is the average rent in Richmond, VA?▾
The median monthly rent in Richmond is $1,566. This is 35% above nat'l avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in Richmond?▾
The median household income in Richmond is $47,250 compared to the national median of $74,580. This metric is important for understanding housing affordability in relation to local earning power (Source: Kurby, 2026).
How many neighborhoods in Richmond are below the national average home price?▾
8 out of 15 ranked neighborhoods in Richmond have a median home value below the national average of $281,900. The most affordable is Pulaski at $137,400 (Source: Kurby, 2026).