In Greater Richmond, you will be members of a large, inclusive, diverse and accepting community with access to safe neighborhoods, excellent public education and top-rated health care.
A wide variety of housing types and styles are available in city, suburban and rural locations. Choices include downtown apartments in renovated warehouses, historic townhouses, golf course and waterfront communities and farms. Whatever your lifestyle, there’s a place for you in Greater Richmond.
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Cost of Living housing Index
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House and Apartment Pricing
The average sales price of new 4-bedroom/2-bathroom homes in the Richmond Metro Area was $383,637 in 2022, according to the C2ER Cost of Living Index. Average monthly apartment rental was $1,334 for a two-bedroom apartment, according to the C2ER Cost of Living Index.
Cost of living in the Richmond MSA is 96.9, with housing at 87.9 index, both well below the national average of 100.0. The average new home price is over 15 percent below the national average, with 2-bedroom/1.5-bathroom apartment rent staying competitive with the national average.
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