Why Live in Fairmount
Fairmount, a historic neighborhood in east Richmond, is experiencing a revitalization that integrates its rich past with modern developments. Originally a late 19th-century "trolley suburb," Fairmount retains much of its original architecture, including Italianate and Queen Anne homes, alongside remodeled bungalows and Craftsman-style houses. Recent rejuvenation efforts have led to new residential and commercial projects, including the neighborhood's first full-service grocery store, The Market at 25th, which opened in 2019. This store, attached to a modern apartment complex, features a deli, bakery, and pharmacy, and hosts community events. Dining options include DaVinci’s Pizza and the award-winning Metzger Bar & Butchery, both within a mile of most homes. Fairmount is also home to Lucks Field, a park featuring a multiuse field, tennis courts, and a playground, with a new community center underway. The neighborhood is well-connected, with bus stops from the Greater Richmond Transit Company and proximity to Richmond Main Street Station and Richmond International Airport, just 7 miles away. While Fairmount students attend schools in the Richmond Public Schools system, the schools have mixed ratings. The neighborhood's ongoing revitalization and historical charm make it a practical choice for those seeking a vibrant community with modern conveniences.
Home Trends in Fairmount, VA
On average, homes in Fairmount, Richmond sell after 50 days on the market compared to the national average of 70 days. The median sale price for homes in Fairmount, Richmond over the last 12 months is $475,000, down 27% from the median home sale price over the previous 12 months.
Median Sale Price
$475,000
Median Single Family Sale Price
$475,000
Average Price Per Sq Ft
$230
Number of Homes for Sale
0
Last 12 months Home Sales
26
Median List Price
$599,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
-27%