Why Live in Chestnut Hill
Chestnut Hill, located in Richmond's Northside community, is a historic neighborhood developed in the 1890s as one of America's first streetcar suburbs. The area is experiencing significant revitalization, with many homes being restored to their former glory. The neighborhood primarily features charming American Foursquare homes on narrow lots with shallow front yards, alongside a few unique Tudor and Victorian Revival houses with standout features like catslide roofs and octagonal turrets. The housing market here is competitive, with properties selling quickly when well-priced and renovated. Students in Chestnut Hill attend Richmond Public Schools, including John Marshall High School, which is noted for its strong athletics and diverse extracurricular activities.
Hotchkiss Park is a local highlight, featuring football and soccer fields, basketball, tennis, and pickleball courts, a large playground, outdoor gym equipment, and a community pool with free entrance. Brookland Park Boulevard, a main thoroughfare, is home to popular eateries like Fuzzy Cactus, known for its live shows and vibrant atmosphere, and The Smoky Mug, a hybrid coffee shop and Texas barbeque joint. For daily needs, residents frequent Food Lion, Roses, and Family Dollar, with New York Fried Chicken offering local fast-food options.
Interstate 64 provides easy access to various parts of the city, and the Greater Richmond Transit Company (GRTC) offers convenient public transportation. Just 2 miles from downtown Richmond, Chestnut Hill combines the convenience of city living with a quieter neighborhood atmosphere. The area has a low crime risk compared to the national average, making it a practical choice for potential home buyers.
Frequently Asked Questions
Is Chestnut Hill a good place to live?
Chestnut Hill is a good place to live. Chestnut Hill is considered car-dependent and somewhat bikeable with some transit options. Chestnut Hill is a suburban neighborhood. Chestnut Hill has 6 parks for recreational activities. It is somewhat dense in population with 6.0 people per acre and a median age of 42. The average household income is $64,696 which is below the national average. College graduates make up 17.3% of residents. A majority of residents in Chestnut Hill are renters, with 58.6% of residents renting and 41.4% of residents owning their home. A
local real estate agent serving Chestnut Hill can help you decide if this neighborhood is the right one for you. Learn more on our
Chestnut Hill neighborhood guide.
Is Chestnut Hill, VA a safe neighborhood?
Chestnut Hill, VA is less safe than the average neighborhood in the United States. It received a crime score of 5 out of 10.
How much do you need to make to afford a house in Chestnut Hill?
The median home price in Chestnut Hill is $385,000. If you put a 20% down payment of $77,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $2,000 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $86K a year to afford the median home price in Chestnut Hill. The average household income in Chestnut Hill is $65K.
What are the best public schools in Chestnut Hill?
The best public schools that serve Chestnut Hill are:
What are the best private schools in Chestnut Hill?
The best private schools that serve Chestnut Hill are:
What are the most popular zip codes in Chestnut Hill, Richmond, VA?
What are the most popular neighborhoods near Chestnut Hill, Richmond, VA?
Are home prices dropping in Chestnut Hill?
Yes, home prices in Chestnut Hill are down 15% in the last 12 months.
Home Trends in Chestnut Hill, VA
On average, homes in Chestnut Hill, Richmond sell after 119 days on the market compared to the national average of 70 days. The median sale price for homes in Chestnut Hill, Richmond over the last 12 months is $375,000, down 19% from the median home sale price over the previous 12 months.
Median Sale Price
$375,000
Median Single Family Sale Price
$375,000
Average Price Per Sq Ft
$219
Number of Homes for Sale
8
Last 12 months Home Sales
56
Median List Price
$385,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-19%