How much house does $500,000 buy you in Richmond?
Back in 2014, spending $500,000 on a house was generally reserved for high earners. The typical U.S. home sold for $159,000, while starter homes averaged just $101,000. Fast-forward to today, and prices have more than doubled: A standard home now sells for $440,000, with starter homes approaching $300,000.
These current prices have put homeownership out of reach for many – and things don't look to be improving. Prices are still rising, affordability keeps dropping, and starter homes are becoming harder to find as home values climb. This has created a very sluggish and difficult housing market. In fact, even the usual busy spring and summer buying seasons were unusually slow this year.
While $500,000 once stretched much further, in many cities today, it's not nearly enough. But what about Richmond?
To find out, Redfin Real Estate found listings near the $500,000 mark to see what types of homes you can actually afford in Richmond right now. Listings below $500,000 were included if necessary.
10313 Qualla Rd, Chesterfield, VA 23832
- Price: $499,950
- 6 bedrooms, 3 bathrooms
- Square feet: 2,765
- See 10313 Qualla Rd, Chesterfield, VA 23832 on Redfin.com
6114 Walnut Landing Way, Chester, VA 23831
- Price: $500,000
- 5 bedrooms, 3.5 bathrooms
- Square feet: 2,754
- See 6114 Walnut Landing Way, Chester, VA 23831 on Redfin.com
2308 Thousand Oaks Dr, Henrico, VA 23294
- Price: $499,900
- 5 bedrooms, 3.5 bathrooms
- Square feet: 2,398
- See 2308 Thousand Oaks Dr, Henrico, VA 23294 on Redfin.com
7744 Arbor Marsh Ter, New Kent, VA 23124
- Price: $499,890
- 5 bedrooms, 3 bathrooms
- Square feet: 2,511
- See 7744 Arbor Marsh Ter, New Kent, VA 23124 on Redfin.com
5212 Nairn Ln, Chester, VA 23831
- Price: $500,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,619
- See 5212 Nairn Ln, Chester, VA 23831 on Redfin.com
1503 National St, Richmond, VA 23231
- Price: $499,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,488
- See 1503 National St, Richmond, VA 23231 on Redfin.com
1118 N 27Th St, Richmond, VA 23223
- Price: $499,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,376
- See 1118 N 27Th St, Richmond, VA 23223 on Redfin.com
4319 Poplar Village Dr, Chester, VA 23831
- Price: $499,950
- 4 bedrooms, 3 bathrooms
- Square feet: 2,516
- See 4319 Poplar Village Dr, Chester, VA 23831 on Redfin.com
255 Parkwood Dr, Aylett, VA 23009
- Price: $499,999
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,833
- See 255 Parkwood Dr, Aylett, VA 23009 on Redfin.com
5005 Kelly Jane Ct, Sandston, VA 23150
- Price: $499,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,800
- See 5005 Kelly Jane Ct, Sandston, VA 23150 on Redfin.com
6706 Loco Ln, Sandston, VA 23150
- Price: $499,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,700
- See 6706 Loco Ln, Sandston, VA 23150 on Redfin.com
11761 Edenberry Dr, North Chesterfield, VA 23236
- Price: $499,500
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,674
- See 11761 Edenberry Dr, North Chesterfield, VA 23236 on Redfin.com
7025 Leire Dr, Chesterfield, VA 23832
- Price: $499,950
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,640
- See 7025 Leire Dr, Chesterfield, VA 23832 on Redfin.com
7063 Crosswinds Dr, North Chesterfield, VA 23234
- Price: $499,990
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,423
- See 7063 Crosswinds Dr, North Chesterfield, VA 23234 on Redfin.com
1904 Brilland Ct, Glen Allen, VA 23060
- Price: $499,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,344
- See 1904 Brilland Ct, Glen Allen, VA 23060 on Redfin.com
1301 Wesanne Ln, Midlothian, VA 23114
- Price: $500,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,310
- See 1301 Wesanne Ln, Midlothian, VA 23114 on Redfin.com
7755 Arbor Marsh Ter, New Kent, VA 23124
- Price: $499,890
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,237
- See 7755 Arbor Marsh Ter, New Kent, VA 23124 on Redfin.com
10342 Brickerton Dr, Mechanicsville, VA 23116
- Price: $499,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,216
- See 10342 Brickerton Dr, Mechanicsville, VA 23116 on Redfin.com
15128 Bishops Run Ct, Midlothian, VA 23112
- Price: $499,990
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,200
- See 15128 Bishops Run Ct, Midlothian, VA 23112 on Redfin.com
15120 Bishops Run Ct, Midlothian, VA 23112
- Price: $499,990
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,177
- See 15120 Bishops Run Ct, Midlothian, VA 23112 on Redfin.com
13601 Bundle Rd, Chesterfield, VA 23838
- Price: $500,000
- 3 bedrooms, 3.5 bathrooms
- Square feet: 2,609
- See 13601 Bundle Rd, Chesterfield, VA 23838 on Redfin.com
3900 Dunraven Rd, North Chesterfield, VA 23236
- Price: $499,999
- 3 bedrooms, 3 bathrooms
- Square feet: 3,990
- See 3900 Dunraven Rd, North Chesterfield, VA 23236 on Redfin.com
9208 Gayton Rd, Henrico, VA 23229
- Price: $499,950
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,330
- See 9208 Gayton Rd, Henrico, VA 23229 on Redfin.com
226 Lauradell Rd, Ashland, VA 23005
- Price: $499,950
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,140
- See 226 Lauradell Rd, Ashland, VA 23005 on Redfin.com
2607 Mallards Xing, Henrico, VA 23233
- Price: $500,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,058
- See 2607 Mallards Xing, Henrico, VA 23233 on Redfin.com
2109 Old Homestead Pl, Powhatan, VA 23139
- Price: $499,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,522
- See 2109 Old Homestead Pl, Powhatan, VA 23139 on Redfin.com
685 Lewis B Puller Memorial Hwy, Saluda, VA 23149
- Price: $499,900
- 3 bedrooms, 2 bathrooms
- Square feet: 2,034
- See 685 Lewis B Puller Memorial Hwy, Saluda, VA 23149 on Redfin.com
15357 Washington Hwy, Doswell, VA 23047
- Price: $499,950
- 3 bedrooms, 2 bathrooms
- Square feet: 1,464
- See 15357 Washington Hwy, Doswell, VA 23047 on Redfin.com
6703 Liege Hl, Moseley, VA 23120
- Price: $500,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,976
- See 6703 Liege Hl, Moseley, VA 23120 on Redfin.com
5709 Park Ave, Richmond, VA 23226
- Price: $499,000
- 2 bedrooms, 1.5 bathrooms
- Square feet: 1,133
- See 5709 Park Ave, Richmond, VA 23226 on Redfin.com
