Richmond Homes under $500,000

Richmond Homes under $500,000

Welcome to Richmond, Virginia—an enchanting city that beautifully blends rich history with vibrant modern living. Nestled at the fall line of the James River, Richmond is not only the capital of Virginia but also a cultural hub that boasts a diverse array of attractions, from historic sites to contemporary art galleries. With its charming neighborhoods, flourishing culinary scene, and an array of outdoor activities, Richmond offers something for everyone.

For those seeking an affordable slice of this captivating city, you’ll be delighted to know that homes under $500,000 are abundant in Richmond. Whether you’re a first-time homebuyer, a growing family, or looking to downsize, the options are plentiful. Picture yourself in a cozy bungalow in the historic Fan District, where tree-lined streets and stunning architecture create a picturesque setting. Or perhaps a modern townhouse in the trendy Scott’s Addition, known for its breweries and vibrant nightlife, is more your style.

Richmond’s real estate market is not only appealing for its affordability but also for its potential. Many neighborhoods are experiencing revitalization, making it an opportune time to invest. With a strong sense of community, excellent schools, and easy access to parks and recreational areas, Richmond is a place where you can truly feel at home.

Explore the possibilities today and discover the charm of Richmond living—all while staying within your budget. Your dream home awaits in this dynamic city, where history meets the future!

Newest Richmond Homes under $500,000

5312 Marian St, Richmond
$430,000
3 Beds ⋅ 2 Baths
Located in the Mary Munford Elementary district and between Willow Lawn and Libbie and Patterson, this updated 3-bedroom, 1.5-bath Richmond ranch offers easy one-level living in a walkable location. Fresh interior paint and hardwood floors throughout much of the home create a bright, move-in-ready feel. The refreshed kitchen features quartz countertops, a deep stainless steel sink, stainless steel appliances, and luxury vinyl flooring. And yes, the refrigerator, washer, and dryer convey! The primary bedroom includes a private half bath, while a full hall bath serves the home. Updated fixtures and a bathroom vanity add to the improvements, and the roof and HVAC are both approximately six years old. Outside, the deck extends the living space into a backyard with room for cookouts, gardening, gatherings, or relaxing outdoors. A storage shed provides additional space for tools, bikes, and outdoor equipment. Shopping, dining, groceries, and everyday conveniences are just steps away at Willow Lawn and Libbie and Patterson. With one-level living, hardwood floors, fresh paint, an updated kitchen, outdoor space, the Mary Munford Elementary district, and a location close to so much of what Richmond has to offer, this home is ready for its next chapter. Schedule your private showing today.

5312 Marian St, Richmond

Listing courtesy of Real Broker, LLC. Contact:

6231 Swanson Rd, Richmond
$499,950
3 Beds ⋅ 3 Baths
Goldfish pond in rear with bridge over the water, tranquil flower garden in the rear yard, storage shed, guest building with separate bedroom and bath. Outdoor kitchen, two water-falls, fire pit. Walk in closets. Wood, ceramic tile, and caret floors. Upgraded bathrooms and kitchen. Retractable wide screen tv in kitchen along with an island. All appliances convey. Knotty Pine walls in one Bedroom. Verify Schools with School Board. Verify Taxes with the Treasurer.

6231 Swanson Rd, Richmond

Listing courtesy of ASJ Realty, LLC. Contact:

1307 Spruance Rd, Richmond
$369,900
4 Beds ⋅ 3 Baths
Needs TLC. Work and Save. Verify Schools with the School Board. Wood floors on the main level. Carpets on the upper level. The cat has scratched the carpets at all four bedroom doors. Priced to sell as-is. No known defects other than cosmetic. Stainless appliances other than washer and dryer. All appliances convey as-is, no known defects. Granite counter tops in the kitchen. Sliding glass doors to the patio from the DR and Kitchen. More photos coming.

1307 Spruance Rd, Richmond

Listing courtesy of ASJ Realty, LLC. Contact:

121 W 30th St, Richmond
$315,000
4 Beds ⋅ 1 Baths
Move-in ready! This 1928 light-filled 2.5-level home has a new kitchen with granite countertops, stainless steel appliances, wood floors throughout the home, a street-facing porch that catches the evening sun and multiple-use room options. First level has 2 bedrooms, 1 full bathroom, full kitchen, living room, dining room and large flex-use room that is perfect for home office, craft room ro playroom, with an adjacent screen porch. Second level has a potential books-and-reading space as well as two additional bedroom to accommodate a growing family or guests. The rooms could also be repurposed as a remote work space or creation area – think quilting, writing, art. Perennials surround the front porch, and the fenced in backyard with mature trees and plants has supported a full garden over recent years This home is an easy 1 mile walk or ride to the Reedy Creek Trailhead access to James River biking and walking trails. Forest Hills Park and the newly renovated Carter Jones Park playground are also within walking distance along neighborhood sidewalks. The area’s original homes, many of which have also been updated or renovated, give this house and the surrounding neighborhood a sense of Richmond history that invites conversation and camaraderie.

121 W 30th St, Richmond

Listing courtesy of Coldwell Banker Elite. Contact:

13109 Middle Ridge Way, Richmond
$415,000
3 Beds ⋅ 3 Baths
This beautiful well maintained Colonial model home back in 1990 offers abundant natural light. The main level features a spacious living area with a brand new carpet anchored by a beautiful brick wood-burning fireplace. An convenient door is located in the living area that leads to the deck down to the garden. Perfect for entertaining guests. The separate kitchen/dining has beautiful laminate plank floor that was installed 3 years ago. Laundry room is located in the main level connected to the kitchen for convenience. A convenient half bath completes the main level. Upstairs, has a wall to wall carpet with two full bath, including the one in the primary suite. Outside, the rear yards offer plenty of space for outdoor activities, pets, and entertaining. A one car garage and ample driveway parking provide plenty of room for vehicles and storage. Major improvements to the house are as follows: All window blinds were replaced 3 months ago (May 2026), 30-year architectural shingle roof (2021), furnace and boiler (2024) and interior is newly painted. The location offers exceptional everyday convenience, with shopping center just less than a mile away and easy access to highways including I-95, and other major commuter routes. Please remove shoes.

13109 Middle Ridge Way, Richmond

Listing courtesy of DL Homes, LLC.. Contact:

1900 Wood St, Richmond
$185,000
3 Beds ⋅ 1 Baths
VESTOR SPECIAL! Opportunity awaits at 1900 Wood St in Richmond's East End. This 3-bedroom, 1-bathroom, single-story home offers approximately 1,220 square feet of living space and sits on an approximately 8,434-square-foot lot. With a functional layout and a spacious lot, this property offers plenty of potential for an investor looking to renovate, add value, or explore its long-term investment potential. The property is being sold AS-IS, WHERE-IS, with the seller making no repairs or warranties regarding the condition of the property. This is an excellent opportunity for an investor, renovator, or buyer looking for a property with upside potential. Buyers are encouraged to conduct their own inspections and due diligence regarding the property's condition, zoning, permits, and intended use. Bring your vision and unlock the potential of this Richmond investment opportunity!

1900 Wood St, Richmond

Listing courtesy of EXP Realty, LLC. Contact:

2715 Berry Rd, Richmond
$235,999
4 Beds ⋅ 2 Baths
Welcome to 2715 Berry Road! This inviting 4-bedroom, 2-bathroom home offers comfortable one-level living with approximately 1,157 square feet of living space. The functional floor plan provides plenty of room for everyday living, entertaining, or accommodating a growing household. The home features spacious bedrooms, two full bathrooms, and a practical layout designed for convenience. Situated on an approximately 0.17-acre lot, the property offers outdoor space with plenty of potential for relaxing, gardening, or future improvements. Conveniently located in Richmond with easy access to major roadways, shopping, dining, schools, and everyday amenities, this property presents an excellent opportunity for a homeowner or investor. (Photos reflect home being vacant/ ramp will be removed) Schedule your private showing today and discover the possibilities at 2715 Berry Road!

2715 Berry Rd, Richmond

Listing courtesy of Samson Properties. Contact:

600 N 21st St, Richmond
$385,000
3 Beds ⋅ 2 Baths
Priced below appraisal!! A Rare Gem in Historic Union Hill! Discover a truly one-of-a-kind residence that stands out from the rest. Located in the highly coveted Union Hill district, this detached 3-bedroom, 2-bathroom home offers a level of convenience and modern reliability that is nearly impossible to find in Richmond’s historic East End. Fully renovated to 2026 standards, this property has successfully passed all recent Building, Plumbing, Electrical, and Mechanical inspections, offering you a turn-key experience with total peace of mind. The Standout Feature: Private Off-Street Parking In a neighborhood where street parking is the norm, this home offers a premier luxury: designated parking spaces in the backyard. Say goodbye to circling the block—you have your own private, secure area to park right at home, a rare and high-value asset for this historic area. Unbeatable Proximity to MCV & VCU MCV/VCU Health: Less than a 5-minute drive or a quick bike ride away. VCU Monroe Park Campus: Conveniently accessible via the nearby pulse transit or a short cross-town commute. Downtown Richmond: Situated just moments from the city’s financial and legal districts. Modern Luxury, Historic Soul Detached Living: Unlike traditional row houses, this standalone brick-front home offers extra privacy and natural light on all sides. Entertainer’s Floor Plan: A sun-drenched, open-concept interior designed for gatherings, featuring high-end 2026 finishes. Lifestyle Amenities: Walk to the iconic Union Market, grab coffee at Sub Rosa, or enjoy the sunset over the city skyline at Jefferson Park. This isn't just another renovation; it is a meticulously inspected, strategically located home that solves the "parking problem" of urban living. Move in with confidence and enjoy the best of Richmond’s historic charm and modern convenience. Don’t miss this unique opportunity—schedule your private tour today!

600 N 21st St, Richmond

Listing courtesy of Samson Properties. Contact:

6130 Belay Dr, Richmond
$339,900
3 Beds ⋅ 3 Baths
Welcome to The Burlington, a beautifully appointed two-story townhome nestled in the sought-after Watermark community. Offering 3 bedrooms, 2.5 baths, and thoughtful design details throughout, this home is move-in ready and built for modern living. Main Level The main floor impresses from the moment you step inside. A welcoming foyer with durable EVP flooring leads to a dedicated home office behind elegant glass French doors — ideal for remote work or a quiet study. Architectural touches including wainscoting and crown molding add timeless character throughout. The gourmet kitchen is the heart of the home, featuring granite countertops, a gas range, a large center island, pantry storage, tile backsplash, stainless steel appliances, and LED recessed lighting — perfect for everyday meals and entertaining alike. The open family room offers generous living space, and a powder room adds convenience for guests. A charming front porch is the perfect spot to start your morning. Upper Level Retreat to the primary suite, where a tray ceiling and plush carpeting create a serene atmosphere. The ensuite bath features a tiled walk-in shower, and an oversized walk-in closet offers excellent storage. Two additional bedrooms with double-door closets share a well-appointed full bath. A conveniently located hall laundry room completes the upper level. Community Amenities Watermark is one of Chesterfield County's premier communities, centered around the scenic Watermark Lake. Residents enjoy a luxury clubhouse with a fitness center, an Olympic-sized pool, tennis courts, and recreational fields. A planned 200,000-square-foot town center will bring shops and restaurants directly to the neighborhood. This is a rare opportunity to own a stylish, low-maintenance townhome in one of the region's most amenity-rich communities. Contact GEM Realty today to schedule your private showing of 6130 Belay Drive.

6130 Belay Dr, Richmond

Listing courtesy of GEM Realty Group, LLC. Contact:

4853 Wild Horse Ln, Richmond
$455,000
3 Beds ⋅ 3 Baths
PAISLEY MODEL, MOVE-IN READY, BEAUTIFULLY UPGRADED TOWNHOME IN WEST CHASE! Discover this beautifully maintained, thoughtfully upgraded 3-bedroom, 2.5-bath townhome offering approximately 2,094 square feet of comfortable living space in Henrico’s desirable West End. Built in 2020, this inviting home features 9-foot ceilings, a spacious kitchen with granite countertops, 42-inch cabinetry, a walk-in pantry, and a French-door refrigerator. Stylish accent walls, modern lighting, custom closets, and smart-home features add convenience and character throughout. Enjoy a private outdoor retreat featuring an extended concrete patio, vinyl privacy fencing with lighting, and a retractable patio roof—perfect for relaxing or entertaining. Additional highlights include a spacious two-car garage with storage shelving, custom window treatments, smart washer and dryer, and a dedicated laundry area. Residents of West Chase enjoy community amenities including a resort-style swimming pool, clubhouse, walking trails, and green spaces. Conveniently located near shopping, dining, and major commuter routes, this move-in-ready home offers an exceptional combination of modern comfort, thoughtful upgrades, and low-maintenance townhome living. Schedule your private showing and experience everything this beautiful home has to offer!

4853 Wild Horse Ln, Richmond

Listing courtesy of Compass. Contact:

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