$410,165Average Value$283Average Price per Sq Ft7Homes For Sale
Monroe Ward offers walkability and excitement near VCU
Monroe Ward sits between Downtown Richmond and Virginia Commonwealth University, making it a popular neighborhood for college students and young professionals who want to be close to work, school and entertainment. This lively area is filled with restaurants and nightlife, and it’s also part of Richmond ’s Arts District, a stretch of Broad Street lined with galleries and theaters. You can find plenty of rental options here, as well as condos and townhouses for sale. Most things you need are a short walk away, and the neighborhood is on the Pulse bus rapid transit line, making it easy to get to other parts of the city without a car.
Mostly apartments with some condos in restored historic buildings
Most housing in Monroe Ward is in mid- and high-rise apartment complexes, and most residents rent. If you’re looking to buy, you can find new construction townhouses and condos in preserved historic buildings. “This area has a lot of history,” says Jacquelyn Waters, a Realtor with Real Broker. “Many buildings have unique architecture and features like antique doorknobs and original stained-glass windows.” Detached single-family homes are rare.
How much it costs to buy in Monroe Ward
The median home sale price is in the lower $300,000s, below Richmond’s overall median and that of The Fan, and slightly above the median in Jackson Ward and Shockoe Bottom. “It’s a cool little pocket,” says Ernie Chamberlain, a real estate agent with George: A Real Estate Group who’s sold homes in the city for over 10 years. “There’s rarely anything for sale unless you’re looking for a condo.” Condos can range from the mid-$100,000s to the lower $300,000s, plus monthly HOA fees between $280 and $730 that cover things like structural maintenance and water. Townhouses generally run between the lower and upper $700,000s, plus monthly HOA fees of $200 that cover grounds maintenance.
A blend of students, professionals and artists with lively events
Living in Monroe Ward puts you within walking distance of some of the city’s most popular events, attracting residents who want to be in the center of the action. Throughout the year, you can go to:
The Richmond Folk Festival, a weekend of live music on Brown’s Island
Dominion Energy Riverrock, a three-day outdoor sports festival at the riverfront
First Fridays, a monthly art walk when galleries and stores here hold special events
Friday Cheers, a weekly summer concert series on Brown’s Island
The Second Street Festival, a block party celebrating Jackson Ward’s history
Car-free transit options and parking headaches
Walkability is a big reason why people move to Monroe Ward. You can walk to VCU in around 15 minutes and to downtown in around 20 minutes. You can also bike around on Franklin Street’s protected bike lanes or take the Greater Richmond Transit Company bus. The GRTC’s Pulse bus rapid transit line stops along Broad Street, making it easy (and free) to get to Willow Lawn for grocery and retail shopping. You don’t need a car to live here, but if you have one, parking might be a headache. Some apartments and condos don’t include off-street parking, and on-street parking is metered.
Restaurants, nightlife and parks are all within a short walk
Monroe Ward is a bustling area filled with restaurants, nightlife and lots to do, which makes it a noisy and exciting place to live, especially on weekends. Some of the popular hangouts include:
Perly’s, a Jewish restaurant that has been featured in Southern Living and Food Network’s “Diners, Drive-ins and Dives”
The Jefferson Hotel, a historic hotel that’s home to Lemaire, a fine dining restaurant
Quirk Hotel, an artsy boutique hotel with a popular rooftop bar
Tarrant’s Downtown, a casual restaurant that serves comfort food
You’re also within walking distance of more restaurants and bars in The Fan, Jackson Ward and downtown, and you can also walk to green spaces like Monroe Park and Belle Isle on the James River.
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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to let others know what life in this neighborhood is like.
Crime and Safety
1 - Low Crime, 10 - High Crime
Monroe Ward
US
Homicide
5
4
Sexual Assault
7
4
Assault with Weapon
6
4
Robbery
4
4
Burglary
7
4
Motor Vehicle Theft
7
4
Larceny
6
4
Crime Score
6
4
Source: WhatIsMyCrimeRisk.com
Monroe Ward Demographics and Home Trends
On average, homes in Monroe Ward, Richmond sell after 186 days on the market compared to the national average of 55 days. The median sale price for homes in Monroe Ward, Richmond over the last 12 months is $491,000, down 52% from the median home sale price over the previous 12 months.
Move up—and over—to deluxe with the Rowland. This spacious 4-story end unit townhome blends exquisite craftmanship, exacting detail, and a flair for modern urban living—all with the ‘side benefits’ of additional windows offering more natural light and views. Arrive home to your private 2-car garage and step into the ground floor foyer with rec room and half bath—aka “the 4th bedroom.” The second
Level-up your luxury in the Park, a spacious 4-story townhome that blends exquisite craftmanship and exacting detail with a flair for modern urban living. Parking is never a problem with a private 2-car garage that welcomes you home to a ground foyer with rec room and half bath—aka “the 4th bedroom.” The second level is first class when it comes to relaxing and entertaining, with its masterful
The Westmoreland is a 4-story luxury townhome with plenty of opportunity to personalize so that this new home floor plan fits your lifestyle. On the first floor, you will find your rear load 2-car garage, as well as a large rec room and half bath that can be converted to a bedroom or full bath if you prefer. Head up to the second floor where you will find a spacious family room that flows into
Price reduced on this spacious 1661' condo located in the historic A.S. Smith House (circa 1870), one block west of the Jefferson Hotel. This 2 bedroom 2,5 bath home offers a gracious front living room with hardwood floors and a 10'9" ceiling. The equipped kitchen has granite counters, breakfast bar, plus dining table space. The bright office has nice views of Franklin Street, the Jefferson
Brand New 4 level living in the city! Welcome to Foushee Mews, where historic meets modern with luxury townhomes overlooking the beautiful City of Richmond. Enjoy walking to all the local restaurants, shops, and cafes that Main and Cary Street has to offer. The Park floorplan features 3,033 square feet of luxury living, with 3 bedrooms and 3 full baths and 2 half bathrooms along with an option to
New construction for late 2026 Delivery! Welcome to Foushee Mews, where historic meets modern with luxury townhomes overlooking the beautiful City of Richmond. Enjoy walking to all the local restaurants, shops, and cafes that Main and Cary Street has to offer. Our popular Westmoreland floorplan features 3,508 square feet of luxury living, with 4 bedrooms, 3 full baths and 2 half bathrooms along
Unique opportunity to own 4 level living in the city! New construction for late 2026 Delivery! Welcome to Foushee Mews, where historic meets modern with luxury townhomes overlooking the beautiful City of Richmond. Enjoy walking to all the local restaurants, shops, and cafes that Main and Cary Street has to offer. This Rowland floorplan features 3,033 square feet of luxury living, with 3 bedrooms
ALL UTILITIES INCLUDED! Monroe Park Towers: Modern, cosmopolitan living in Central Richmond's most fashionable area near restaurants and entertainment and across the street from Monroe Park. Great news if your goal is to live within walking distance of VCU, Monroe Park Towers is the place for you.
Available immediately — 105 E. Broad Street, Unit 2B Live in the heart of downtown Richmond in a rare luxury residence within a beautifully redeveloped mixed-use historic building. Located in the Broad Street Old & Historic District, this exceptional home blends architectural character with sophisticated modern updates and an unbeatable walkable location. One of only two luxury residential units
Here we treat you like family. It’s casual but elegant, simple yet sophisticated. Our goal is to provide you with a lifestyle that meets your comfort and needs. Luxury Living at its Best! With seventeen different floor plans and designer kitchens we’re sure you will find something special here. The community features a fitness center, professional business and conference room,
Step into a world where history and modern living seamlessly intertwine. The Loop at Midtown is a unique residential experience nestled within a beautifully restored historic landmark in the heart of downtown Richmond.Our building, steeped in the city's rich past, has been meticulously renovated to offer a collection of stylish loft-style apartments that blend contemporary
There is nothing like loft living in the heart of Richmond VA, in newly renovated apartments with fully equipped kitchens, large windows, hardwood floors, and historic touches like unique floor plans and exposed brick walls. These 1, 2, and 3-bedroom loft apartments feature central air, a rooftop deck, and are pet friendly (some restrictions apply). Located in the center of Downtown, this
Discover the ultimate living at The Towers on Franklin! Nestled in a vibrant university atmosphere near VCU, our community offers the perfect blend of convenience and independence, in addition to an array of upscale amenities. Ready to relax? Take a dip in the resort-inspired rooftop swimming pool with stellar views, shoot some pool in the billiards room, or socialize in the luxurious
St Albans Lofts are located in a historic Masonic Lodge built in 1869. This beautiful building, listed on the National Register of historic places, has now been completely remodeled into brand new studio, one bedroom and two bedroom apartments. Residents will enjoy plenty of natural lighting with large airy spaces, original historic flooring, elevator access, plenty of additional storage space
The way Downtown living is meant to be. The Berkshire Apartments are suitably located in the heart of historic Downtown Richmond, just blocks from VCU, VCU Medical Center and the Virginia State Capitol. Choose from Studio, 1-, and 2-bedroom apartment homes that feature parquet flooring, 9' ceilings, ceramic tile baths and fully equipped kitchens. All of this comes in a controlled access high rise
One Canal is now leasing new 1 and 2-bedroom apartments with unparalleled skyline views. We are a pet-friendly community located just minutes from VCU and Downtown Richmond. The building offers six stories of modern residential living, underground private garage parking and state-of-the-art amenities. Built with you in mind, we offer our residents exceptional standards of living, functionality
2 Bedroom apartment for rent. Great location near VCU/MCV, YMCA Franklin St. gym and Restaurants nearbyIncludes - Washer/DryerWater, gas and trashApproximately 1,100 Square feetMonroe Ward Properties
Grace & Monroe Apartments is located in the heart of VCU! Take a short walk to VCU's Monroe Park campus, nearby shopping, dining, and much more. At Grace & Monroe Apartments in Richmond VA offers vintage apartment homes which include hardwood floors, carpet, large windows, and spacious floorplans. Call or email today to set up a tour!Rent includes water, sewer, trash, internet, and cable!
2 bed 1 bath in Monroe Ward, just east of the VCU campus. Across the street from The Patio Thai Restaurant and on the same block as Irie Ting Jamaican Grille, this apartment features in unit washer and dryer, new range, dishwasher, carpet and LVP floors. It is on the bottom floor of a four story building that houses three units inside and a carriage house in the back. Four parking spaces in
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