Like any large city, home prices in Richmond have continued to increase over the years. Fortunately, there are still some neighborhoods in Richmond that offer some affordable housing options. These are the cheapest neighborhoods in Richmond for 2026. The neighborhoods are ranked by the lowest median home prices when compared to the average median home price in Richmond.

Population 7,832
-28%
Median Home Value $492,477
28% less expensive than Richmond
Population 652
-27%
Median Home Value $499,626
27% less expensive than Richmond
Population 6,236
-27%
Median Home Value $501,970
27% less expensive than Richmond
Population 8,285
-27%
Median Home Value $503,930
27% less expensive than Richmond
Population 5,447
-26%
Median Home Value $508,837
26% less expensive than Richmond
Population 6,310
-25%
Median Home Value $512,912
25% less expensive than Richmond
Population 2,855
-24%
Median Home Value $523,989
24% less expensive than Richmond
Population 8,055
-13%
Median Home Value $594,628
13% less expensive than Richmond
Population 1,476
-12%
Median Home Value $605,389
12% less expensive than Richmond
Population 5,885
-9%
Median Home Value $622,860
9% less expensive than Richmond