Richmond is Virginia's capital, with a diversified economy in state government, finance, and healthcare. Home prices remain well below Northern Virginia, and the city's property tax rate is close to the state average.
Recommended for incomes above $95k/yr (28% DTI rule)
Richmond housing market
The 1.14% property tax rate reflects the county-level effective rate for Richmond and is used to calculate your monthly tax escrow above. This rate may differ from the statewide Virginia average — county-level data produces more accurate monthly payment estimates for Richmond buyers. Many Richmond properties also carry HOA fees — the area average is approximately $150/month, which is not included in the calculator above.
Rate history
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