What income do you need to buy a house in Richmond, VA?

It takes about $101,000/yr to afford the typical Richmond, VA home ($379K, +2.1% past year) at today's rates. Starter homes run around $262K. See if you can afford a house in Richmond (2026 data) — free, no signup.

Market snapshot (2026-06)

• Income needed to buy the typical home: about $101,000/yr (28% front-end ratio, 20% down, 6.66% 30-yr fixed, VA property tax and insurance)
• Typical home value: $379K (Zillow ZHVI, 2026-06)
• 1-year change: +2.1%
• Bottom 35% of homes: $262K
• Top 35% of homes start around: $606K
• Typical rent: $1,682/mo
• Median household income: $65K
• Price-to-income ratio: 5.9
• Estimated payment on the typical home: $1,950/mo principal & interest (20% down, 6.66% 30-yr fixed)

Nearby housing markets

• Montrose, VA — typical home $262K
• Lakeside, VA — typical home $351K
• East Highland Park, VA — typical home $275K
• Bensley, VA — typical home $262K
• Highland Springs, VA — typical home $263K
• Bellwood, VA — typical home $330K

The most affordable cities to buy a house in Virginia

Home values are Zillow Group public data (ZHVI, updated monthly); income and population are US Census Bureau ACS 5-year estimates. Estimates only — not financial advice.

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