Chicago · Registered nurse · $98,500 · One adult, renting a 1-bedroomSaved on this device

Chicago · Registered nurse · $98,500 · One adult, renting a 1-bedroom

Richmond, VA

Housing in Richmond, VA: Rent, Home Prices & Property Tax

$1,362/mo (1 bd) in Richmond. Median home $325,800. Property tax 0.83%.

Compare vs Chicago Rank metros from RichmondHow we figure this

Rent (1 bd): $1,362; /mo
Buy: $2,171; Mortgage, tax, insurance
Buying costs more: $809; /mo

State tax and rent

To buy

20% down payment$65,160
Mortgage at 6.5%$1,647
Property tax (0.83% of value)$225/mo · $2,704/yr
Insurance and upkeep$299
Monthly total$2,171

48.8% of renters spend 30% or more of income on rent. Census ACS 2023.

Months to 20% down

$2,353 left each month. About 28 months (2.3 years) to save $65,160.

Asking rent. Census median home price. 30-year fixed, 6.5%, 20% down. Not lending advice.

Moving from Richmond

Richmond → Virginia Beach · $104 less

Compare Richmond