$421,296Average Value$290Average Price per Sq Ft5Homes 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
There are crimes that happen but being on campus and knowing that the campus police and the local police force are always quick and responsive to situations is comforting. Also knowing that there are campus alerts that go right to your phone is another way to stay safe.
Are you familiar with the Monroe Ward neighborhood?
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 $252,000, down 71% from the median home sale price over the previous 12 months.
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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 convenient first floor bedroom and full bath. The second
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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
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