$333,201Average Value$221Average Price per Sq Ft5Homes For Sale
Fairmount is a residential enclave near trendy Church Hill hangouts
Fairmount is a historic neighborhood in Richmond ’s East End with a mix of renovated early-1900s homes, new construction and fixer-uppers. Buyers are drawn to the area because they can often find a lower price but still be within walking distance of Church Hill ’s restaurants, festivals and locally owned businesses. The neighborhood has seen significant redevelopment in recent years, with many homes being remodeled and new businesses moving in.
What home styles and prices you can find in Fairmount
The median home sale price in Fairmount is in the lower $400,000s, which is slightly higher than Richmond’s overall median but lower than in Church Hill and Union Hill. “The price point is entry-level Church Hill,” says Leah Coleman, a real estate advisor at Icon Realty RVA with 16 years of experience. Here, Italianate, Queen Anne and American Foursquare homes built in the early 1900s can sit next to new construction builds that use similar design elements, like covered front porches. Many of these older homes have been renovated, though you can still find some fixer-uppers. Houses that need work typically range from the upper $100,000s to the mid-$200,000s, while move-in ready homes can range from the mid-$300,000s to the lower $500,000s. Most residents here rent, and you can find rental houses, duplexes and apartments.
Many homes in Fairmount have been remodeled.
Italianate and Queen Anne homes line the streets in Fairmount.
Ranch-style homes can be found in Fairmount.
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A changing neighborhood with a desirable location
Fairmount is a historic part of the city that’s seen a lot of change and investor interest. “There’s definitely a lot going on there right now,” says John O'Connor, a Richmond local and a Realtor with Virginia Capital Realty. “Fairmount has changed a lot even in the last five years, which is exciting.” The neighborhood’s changes are best seen in its housing, where older homes may need extensive work or have been completely remodeled. Proximity to the trendy restaurants in Union Hill and Church Hill has driven demand.
A variety of residents who want to be near East End attractions
Fairmount is a residential part of a larger area known for its locally owned businesses and restaurants, but those hangouts are still within walking distance. “It’s adjacent to Church Hill North and Union Hill,” Coleman says. “Those are the areas that people love because it’s so walkable to restaurants and activities — they have festivals as well as historic sites and parks. So, a lot of people love that whole corridor because you have all that in one neighborhood.” Because Fairmount is seeing a lot of redevelopment, you can find a mix of longtime residents and younger buyers who want to be close to those East End attractions.
Where to shop, dine and get outside without driving
From parks to stores to restaurants, almost everything you need is within walking distance. Here, you can:
Shop for groceries at The Market at 25th and Family Dollar
Pick up a new read from Brian’s Books
Enjoy a cocktail and upscale meal at Metzger Bar and Butchery
Grab a pizza to-go from Davinci’s
Get outside at Lucks Field, which has a playground, a baseball field and a community center
The Market at 25th offers fresh groceries in Fairmount.
The Market at 25th was built in 2019 and is the epicenter of the Fairmount community.
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Fairmount is close to Downtown Richmond.
What to expect for commutes to downtown and major employers
Virginia Commonwealth University, one of the city’s top employers, is around 15 minutes away, and you can drive to Downtown Richmond and VCU Medical Center in under 20 minutes. Capital One, another big employer, is around 30 minutes away. The Greater Richmond Transit Company bus stops throughout the neighborhood, and a ride downtown can take over 20 minutes. While you’ll need to drive or take the bus to get downtown, the area’s walkability to restaurants and locally owned shopping is a big draw.
Public and private school options in the East End
Richmond Public Schools serves the area. Depending on where they live, kids might attend the highly rated Henry L. Marsh III Elementary School or Woodville Elementary School. Older kids can apply to specialty schools like the highly rated Franklin Military Academy in Chimborazo or attend Martin Luther King Jr. Middle School nearby. High schoolers can head to Armstrong High School in Fairfield or apply to regional governor’s schools. If you’re interested in private school, Central Montessori School is nearby in Shockoe Valley, and Anna Julia Cooper School is a faith-based, tuition-free option in Creighton.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
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Crime and Safety
1 - Low Crime, 10 - High Crime
Fairmount
US
Homicide
5
4
Sexual Assault
5
4
Assault with Weapon
6
4
Robbery
6
4
Burglary
4
4
Motor Vehicle Theft
4
4
Larceny
4
4
Crime Score
7
4
Source: WhatIsMyCrimeRisk.com
Fairmount Demographics and Home Trends
On average, homes in Fairmount, Richmond sell after 33 days on the market compared to the national average of 55 days. The median sale price for homes in Fairmount, Richmond over the last 12 months is $387,500, up 17% from the median home sale price over the previous 12 months.
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Local Logic measures the walkability, access to public transit and bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.
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