Why Live in Shockoe Valley
Shockoe Valley in Richmond is a neighborhood characterized by its mix of overpasses, lofts, and industrial buildings, nestled between Downtown and the eastside neighborhoods. The area features a variety of older, unique homes with hard pine floors and remodeled kitchens, including Italianate townhouses with tall windows and second-story balconies, and Tudor Revival homes with turrets and brickwork. Most residences are rented apartments, but there are colorful streets near Union Hill. The neighborhood's location is a significant draw, with Downtown, Shockoe Bottom, and Union Hill all within a five to ten-minute walk. Commuters have quick access to Route 64, Interstate 95, and Main Street Station for trains and buses.
Richmond Public Schools serve the area, with Bellevue Elementary, Martin Luther King Jr. Middle, and Armstrong High offering a STEAM-focused curriculum and small class sizes. Public green spaces like Jefferson Park and Libby Hill Park provide essential outdoor areas for residents, with trails, playgrounds, and scenic views of the James River and city skyline.
Local dining options include Proper Pie, Ironclad Coffee Roasters & Bakery, and Pie 3.14, while nightlife venues like Honey Whyte's and the speakeasy Grandstaff and Stein offer diverse experiences. The neighborhood's crime rate is comparable to the national average, making it a practical choice for those considering a move to Richmond.
Frequently Asked Questions
Is Shockoe Valley a good place to live?
Shockoe Valley is a good place to live. Shockoe Valley is considered somewhat walkable and bikeable with good transit options. Shockoe Valley is a suburban neighborhood. Shockoe Valley has 6 parks for recreational activities. It is somewhat dense in population with 10.1 people per acre and a median age of 32. The average household income is $73,833 which is below the national average. College graduates make up 55.2% of residents. A majority of residents in Shockoe Valley are renters, with 93.3% of residents renting and 6.7% of residents owning their home. A
local real estate agent serving Shockoe Valley can help you decide if this neighborhood is the right one for you. Learn more on our
Shockoe Valley neighborhood guide.
How much do you need to make to afford a house in Shockoe Valley?
The median home price in Shockoe Valley is $785,000. If you put a 20% down payment of $157,000 and had a 30-year fixed mortgage with an interest rate of 6.26%, your estimated principal and interest payment would be $3,870 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $166K a year to afford the median home price in Shockoe Valley. The average household income in Shockoe Valley is $74K.
What are the best public schools in Shockoe Valley?
The best public schools that serve Shockoe Valley are:
- Open High School has an A+ Niche grade, a student teacher ratio of 12:1 and an average review score of 4.2.
- Albert Hill Middle has a B Niche grade, a student teacher ratio of 16:1 and an average review score of 3.2.
- Thomas Jefferson High School has a B Niche grade, a student teacher ratio of 14:1 and an average review score of 3.1.
What are the best private schools in Shockoe Valley?
The best private schools that serve Shockoe Valley are:
What are the most popular zip codes in Shockoe Valley, Richmond, VA?
What are the most popular neighborhoods near Shockoe Valley, Richmond, VA?
Home Trends in Shockoe Valley, VA
On average, homes in Shockoe Valley, Richmond sell after 9 days on the market compared to the national average of 52 days. The median sale price for homes in Shockoe Valley, Richmond over the last 12 months is $799,000.
Median Sale Price
$799,000
Median Single Family Sale Price
$799,000
Average Price Per Sq Ft
$276
Number of Homes for Sale
0
Last 12 months Home Sales
1
Median List Price
$785,000
Median Change From 1st List Price
-2%