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Shockoe Valley

Shockoe Valley

$626,476 Average Value

Shockoe Valley's historic streets meet urban development

One of the city's oldest neighborhoods, Shockoe Valley sits just east of Downtown Richmond. Cobblestone streets and 19th-century architecture mix with contemporary living spaces throughout the area, which was home to tobacco warehouses and commercial buildings in the 1800s. Today, the area is largely comprised of apartment complexes and industrial spaces, with a small selection of early 20th-century homes in the mix. With its deep roots and ongoing redevelopment, the community attracts residents drawn to its downtown access and proximity to the local business scenes of Shockoe Bottom and Church Hill.

Century old Victorian homes can be found in Shockoe Valley.
Century old Victorian homes can be found in Shockoe Valley.
Shockoe Valley is a walkable East End neighborhood.
Shockoe Valley is a walkable East End neighborhood.
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Converted industrial buildings and Historic rowhomes

Throughout Shockoe Valley, you'll see historic buildings once home to cigar factories, wine warehouses and the Richmond Cold Storage complex. Today, these buildings feature loft-style apartments and condos on the upper levels, with office space downstairs. Modern apartment buildings like Shockoe Valley View and Cedar Broad have been added since the 2010s. On the single-family side of the market, Victorian-era rowhomes and brick Federal-style homes sit on Princess Anne Avenue and 21st Street, with details like covered front porches, original fireplaces, hardwood floors and high ceilings. “Part of the appeal is that these houses are older and unique looking, but inside have hard pine floors and remodeled kitchens,” says local Realtor Ernie Chamberlain with Hometown Realty. While no homes have sold in the neighborhood over the past year, condos and townhouses typically fall between $700,000 and $760,000, while single-family builds are estimated between the mid-$400,000s and the high $800,000s.

Many of the homes in Shockoe Valley are historic properties.
Many of the homes in Shockoe Valley are historic properties.
Residents of Shockoe Valley will find newer homes as well as historic properties.
Residents of Shockoe Valley will find newer homes as well as historic properties.
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Dining and shopping in and around Shockoe Valley

One of the biggest draws to the area is its walkability to nearby shopping and dining. “It really has the same draw as The Museum District, The Fan or any place in the greater Church Hill area," says Chamberlain. "It’s about the location." Broad Street features the closest storefronts to home, while Shockoe Bottom and Church Hill offer dozens of popular restaurants nearby. Local favorites include:

  • Ironclad Coffee Roasters & Baking Co., with craft-roasted coffee and fresh pastries in a restored 19th-century firehouse
  • The Tobacco Company Restaurant, known for its southern-inspired steak and seafood dishes
  • Honey Whyte’s, a casual bar and grill serving burgers and pub fare
  • Proper Pie Co., offering window-service sweet and savory pies on Broad Street
  • Grandstaff & Stein, a speakeasy-inspired cocktail bar with specialty drinks and small bites
Locals are also just a short walk from the 17th Street Market and Main Street Station's SwapMeet RVA Vintage Market.

Ironclad Coffee Roasters offers residents of Shockoe Valley a place to unwind and relax.
Ironclad Coffee Roasters offers residents of Shockoe Valley a place to unwind and relax.
Grandstaff and Stein offers craft cocktails and an air of refinement near Shockoe Valley.
Grandstaff and Stein offers craft cocktails and an air of refinement near Shockoe Valley.
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Skyline views and riverside trails

While the neighborhood is known for its active business scene and proximity to downtown, you can find plenty of green space and outdoor recreation areas with a short drive. Jefferson Park features sweeping views of the Richmond skyline and is a popular spot for dog walking and sunset picnics. Great Shiplock Park adds wooded trails and picnic tables along the James River, plus access to the Virginia Capital Trail. The trail is popular among cyclists and walkers and winds for over 50 miles between Richmond and Jamestown.

Jefferson Park offers residents large spaces to unwind.
Jefferson Park offers residents large spaces to unwind.
Jefferson Park offers residents of Shockoe Valley a place to come together and relax.
Jefferson Park offers residents of Shockoe Valley a place to come together and relax.
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Easy access to the interstate and GRTC busses

Interstate 95 runs directly through Shockoe Valley, and Interstate 64 is close by for regional travel. Downtown Richmond is about a mile away, with Broad and 14th Streets providing the most direct route. The Greater Richmond Transit Company operates fare-free bus routes across the city, with stops along Broad and Jefferson Avenue. Main Street Station is a few blocks away, offering Amtrak service along the Northeast Corridor route. Richmond International Airport is roughly 8 miles away.

Flood Risk in Shockoe Valley

As its name suggests, Shockoe Valley is one of Richmond's lowest elevation neighborhoods, second to nearby Shockoe Bottom. Low elevation and proximity to the James River means the area is at a higher flood risk compared to nearby communities like Church Hill and Union Hill. Here's what potential buyers should know about flood risk in the area:

  • Homes in the southernmost part of the neighborhood experience the highest flood risk due to low elevation.
  • Portions of Shockoe Valley are in FEMA Flood Zones AE and X, with Zone AE considered a special flood hazard area.
  • Buyers should be aware that most lenders require flood insurance in areas of elevated risk.
  • The Richmond floodwall system was completed in 1995 to reduce flood risk in the area and extends from 12th Street to 21st Street along the riverfront.

Jillian Pillow
Written By
Jillian Pillow
Todd Masinter
Photography Contributed By
Todd Masinter
Emily McNamara
Video By
Emily McNamara

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Schools

Source:
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

Parks in this Area

Transit

Airport

Richmond International

15 min drive

Bus

21St + Marshall

Bus

Broad & 17th

Bus

Broad + 17Th

Bus

Broad + 19Th

Bus

Fairfield Way + Entrance To City Jail

Bus

Fairfield Way & Entrance To City Jail

Bus

Mosby + Leigh

Reviews

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Neighborhood Facts

Number of Homes
14
Median Year Built
1912
Average Single Family Home Size Sq Ft
4,995
Significantly above the national average
1,935
Median Lot Size Sq Ft
2,831

Distribution of Home Values

Source: Public Records

Homes for Rent

Average Home Value





Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Renters

Demographics

Total Population
2,469
Median Age
32
Population Density
11 ppl/acre
Population under 18
23.1%
On par with the national average
23.8%
Population over 65
6.2%
Below the national average
19.1%

Finances

Median Household Income
$46,428
Significantly below the national average
$79,597
Average Household Income
$73,833

Education and Workforce

High School Graduates
91.9%
College Graduates
55.2%
Above the national average
34.1%
Advanced Degrees
23.5%
% Population in Labor Force
80.9%
Above the national average
64.9%

Weather

Annual Precipitation
45''
Average Winter Low Temperature
29°F
Average Summer High Temperature
89°F
Annual Snowfall
5''

Area Factors

Moderately walkable

Walkability®

60 / 100

Some public transit

Transit®

40 / 100
Source: Local Logic
Sources: Local Logic

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.

Nearby Neighborhoods

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
Shockoe Valley