Why Live in Downtown Richmond
Downtown Richmond features high-rise apartments and office buildings, with a majority of residents renting. Virginia Commonwealth University’s medical campus and hospital are key landmarks in the area. Outdoor attractions are abundant, with the James River Park system offering hiking, rock climbing, kayaking, and swimming nearby. Pedestrian routes like the T. Tyler Potterfield Memorial Bridge and Belle Isle Suspension Bridge provide scenic views, while the Richmond Canal Walk and Virginia Capital Trail are popular with cyclists and runners. Dining options include Penny Lane Pub, Fall Line Kitchen & Bar, and Perly’s, with additional nightlife and dining in the nearby Shockoe Slip and Shockoe Bottom neighborhoods. Local markets such as Stella’s Grocery and Mini Mart cater to grocery needs, with larger stores like Farm Fresh and Aldi a short drive away. Brown’s Island hosts events like the Friday Cheers concert series and Dominion Energy Riverrock festival, with the Allianz Amphitheater set to open soon. The Dominion Energy Center and The National offer venues for performances and concerts. Transportation is convenient with Interstate 95, the Downtown Expressway, and Greater Richmond Transit Company buses. Main Street Station provides Amtrak routes, and Richmond International Airport is 9 miles east.
Home Trends in Downtown Richmond, VA
On average, homes in Downtown Richmond, Richmond sell after 42 days on the market compared to the national average of 51 days. The median sale price for homes in Downtown Richmond, Richmond over the last 12 months is $320,000, up 8% from the median home sale price over the previous 12 months.
Median Sale Price
$320,000
Median Townhouse Sale Price
$255,000
Median 2 Bedroom Sale Price
$353,500
Median 1 Bedroom Sale Price
$272,000
Average Price Per Sq Ft
$334
Number of Homes for Sale
7
Last 12 months Home Sales
17
Median List Price
$340,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
8%