Richmond VA Homes Under $300K in 2026: What’s Still Available and Where
A neighborhood-by-neighborhood look at where entry-level buyers can still find a home in the Richmond metro this year.
Richmond VA homes under $300K in 2026 are concentrated in a handful of pockets: Southside neighborhoods like Broad Rock and Blackwell, Northside areas including Highland Park and parts of Barton Heights, older sections of Chesterfield near Ettrick, Petersburg-adjacent Hopewell, and a growing number of condos and townhomes citywide. Most properties in this range run 800 to 1,400 square feet, are 2-3 bedrooms, and often need cosmetic or moderate updates. Inventory is tight but not gone – buyers who move fast and stay flexible on neighborhood and condition still have real options.
This guide breaks down six specific areas and property types where sub-$300K homes exist right now, including realistic price points, square footage, property tax estimates, and what kind of condition to expect. We also cover Richmond home prices under $300,000, affordable Richmond neighborhoods, Chesterfield County starter homes, Richmond VA condos for sale, Southside Richmond real estate, and first-time homebuyer options in Central Virginia. The Mission Realty Team pulls current MLS data across Richmond, Henrico, Chesterfield, Hanover, Goochland, and Powhatan to keep this breakdown accurate as the market shifts.
Table of Contents
- Southside Richmond: Broad Rock and Blackwell Under $300K
- Highland Park: Northside Richmond’s Value Corridor
- Barton Heights and Ginter Park Fixer-Uppers
- Ettrick and Chesterfield’s Colonial Heights Border
- Hopewell: Petersburg-Adjacent Affordability
- Entry-Level Condos Near the Fan and Museum District
- Frequently Asked Questions
Richmond VA homes under $300K in 2026 still exist, but the list of neighborhoods where they show up has narrowed considerably compared to five years ago. As of mid-2026, the median home price across the Richmond metro sits well above $370,000, which pushes true sub-$300K inventory into a specific set of Southside, Northside, and outer-county pockets, plus the condo market.
According to Central Virginia Regional MLS data the Mission Realty Team tracks weekly, roughly 8-11% of active listings across the Richmond metro currently fall under the $300,000 mark, down from nearly 20% just three years ago. Most of that inventory clusters in ZIP codes like 23224 and 23225 (Southside), 23222 (Highland Park), 23834 (Ettrick/Chesterfield line), and 23860 (Hopewell). Homes in this band average 950-1,250 square feet, were typically built between 1920 and 1975, and frequently need updated systems, flooring, or kitchens.
This isn’t a market where buyers can be picky about everything at once. A realistic strategy under $300K in Richmond means prioritizing two or three must-haves – location, lot size, or move-in readiness – and staying flexible on the rest. The sections below walk through six specific areas and property types where the Mission Realty Team is actively seeing sub-$300K activity right now, with real square footage, tax, and pricing data for each.
Southside Richmond: Broad Rock and Blackwell Under $300K
Broad Rock and the Blackwell neighborhood, both south of the James River off Hull Street Road, remain two of the most consistent sources of sub-$300K single-family homes inside Richmond city limits. Expect small brick or frame homes built between 1940 and 1965, typically 900-1,150 square feet with 2-3 bedrooms and 1 bathroom, sitting on lots of 0.12 to 0.2 acres.
Prices in these two neighborhoods generally range from $185,000 to $275,000 depending on renovation status. Fully updated homes with new roofs, HVAC, and kitchens push toward the top of that range, while original-condition homes with dated systems land closer to $185,000-$220,000. There’s no HOA in either neighborhood, which keeps monthly costs predictable.
Commute times to Downtown Richmond run 12-18 minutes via Hull Street or Jefferson Davis Highway, and both areas sit within a short drive of the Southside Community Center and Broad Rock Sports Complex. Investor activity is real here, so cash offers and quick closings are common competition for owner-occupant buyers.
Highland Park: Northside Richmond’s Value Corridor
Highland Park, north of Brookland Park Boulevard, offers some of the best architectural character available under $300K in the city – think foursquares and bungalows with front porches, built primarily between 1905 and 1930. Typical listings run 1,100-1,400 square feet with 3 bedrooms and 1-1.5 bathrooms on lots around 0.11 acres.
Prices in Highland Park under $300K typically fall between $210,000 and $295,000. The neighborhood has seen steady reinvestment along Brookland Park Boulevard, with new coffee shops and small businesses opening in the past two years, which has pushed some renovated homes above the $300K line while original-condition homes remain accessible.
Many homes here need work on knob-and-tube wiring, galvanized plumbing, or roofing, since building stock is a century old in places. Buyers should budget for inspection-driven repairs even on cosmetically updated listings.
Barton Heights and Ginter Park Fixer-Uppers
Barton Heights, just east of Ginter Park, is one of the last Northside neighborhoods where fixer-upper single-family homes still trade under $300K, though inventory is thin. Expect 2-3 bedroom homes, 850-1,100 square feet, on small lots of roughly 0.1 acres, most built between 1910 and 1945.
Prices generally run $195,000 to $285,000, with the wide range reflecting condition more than location. A home needing a full kitchen and bath gut typically lists near the bottom, while a recently flipped property with new flooring and paint sits at the top of the range – and often faces multiple offers within the first week.
Ginter Park proper, known for larger historic homes, rarely has anything under $300K anymore, but its border streets with Barton Heights occasionally produce smaller in-law cottages or carriage houses that fall into this price band.
Ettrick and Chesterfield’s Colonial Heights Border
Ettrick, home to Virginia State University and sitting along the Chesterfield County/Colonial Heights line, offers some of the most space-for-price value in the entire Richmond metro under $300K. Homes here run larger than city counterparts – 1,200-1,500 square feet, 3 bedrooms, 1.5-2 bathrooms – on lots averaging 0.25-0.4 acres.
Prices in Ettrick and the surrounding Chesterfield border communities typically land between $220,000 and $295,000. Many homes were built in the 1960s-1980s as ranch or split-level layouts, giving buyers more usable square footage per dollar than comparable city listings.
The area is roughly 20-25 minutes from Downtown Richmond via Route 1 or I-95, making it a realistic commuter option. Proximity to VSU also supports rental demand, which appeals to buyers considering a house-hack or future rental strategy.
Hopewell: Petersburg-Adjacent Affordability
Hopewell, about 25 miles south of Downtown Richmond and adjacent to Petersburg, remains one of the most affordable full markets in the region, with a meaningful share of inventory still under $300K even for updated homes. Expect 3-bedroom, 1-2 bathroom homes ranging 1,000-1,400 square feet on lots of 0.15-0.3 acres.
Prices in Hopewell under $300K span $165,000 to $290,000, giving buyers the widest selection of condition levels of any area in this guide – from move-in-ready homes with recent renovations to as-is properties priced for cash buyers or investors.
Hopewell’s Riverside neighborhood along the James River and the City Point Historic District both offer walkable, established streets with mature trees and larger lots than typically found at this price in the city. Commute to Richmond runs 30-35 minutes via I-295 or Route 10.
Entry-Level Condos Near the Fan and Museum District
For buyers who want walkability and proximity to Downtown Richmond, older condo buildings on the edges of the Fan District and Museum District occasionally offer units under $300K, though this is the tightest category in the guide. Expect studio to 1-bedroom units, 550-800 square feet, in buildings constructed from the 1920s through the 1970s.
Prices for these condos typically run $135,000 to $290,000, with HOA fees between $220 and $410 per month covering water, exterior maintenance, and often trash service. Larger 2-bedroom condos occasionally dip under $300K on the Museum District’s western edge or along Boulevard, but they move quickly.
Condo buyers should factor HOA financial health into their decision – the Mission Realty Team always pulls HOA reserve studies and meeting minutes before writing an offer, since special assessments can add thousands in unexpected costs on older Richmond buildings.
| Neighborhood/Area | Typical Sq Ft | Beds/Baths | Price Range | Est. Annual Property Tax |
|---|---|---|---|---|
| Broad Rock (Southside) | 900-1,150 | 2-3 bed / 1 bath | $185,000-$275,000 | $2,100-$2,550 |
| Blackwell (Southside) | 950-1,150 | 2-3 bed / 1 bath | $190,000-$270,000 | $2,150-$2,500 |
| Highland Park | 1,100-1,400 | 3 bed / 1-1.5 bath | $210,000-$295,000 | $2,300-$2,700 |
| Barton Heights | 850-1,100 | 2-3 bed / 1 bath | $195,000-$285,000 | $2,200-$2,600 |
| Ettrick / Chesterfield border | 1,200-1,500 | 3 bed / 1.5-2 bath | $220,000-$295,000 | $1,900-$2,300 |
| Hopewell – Riverside | 1,000-1,300 | 3 bed / 1-2 bath | $180,000-$290,000 | $1,850-$2,250 |
| Hopewell – City Point | 1,100-1,400 | 3 bed / 1.5 bath | $165,000-$275,000 | $1,800-$2,150 |
| Fan/Museum District condos | 550-800 | Studio-1 bed / 1 bath | $135,000-$290,000 | $1,850-$2,400 |
| Church Hill (edges) | 900-1,200 | 2-3 bed / 1 bath | $230,000-$298,000 | $2,400-$2,700 |
Frequently Asked Questions About Homes Under $300K in Richmond VA
Are there still homes under $300,000 in Richmond VA in 2026?
Yes, roughly 8-11% of active Richmond metro listings currently fall under $300,000. That inventory is concentrated in specific neighborhoods including Southside Richmond (Broad Rock, Blackwell), Northside Richmond (Highland Park, Barton Heights), the Ettrick area of Chesterfield County, Hopewell, and select condo buildings near the Fan and Museum District. The Mission Realty Team monitors these areas daily since inventory turns over quickly. Most homes in this range need at least cosmetic updates.
What neighborhoods in Richmond have the most affordable homes?
Southside Richmond, Highland Park, Barton Heights, and Hopewell consistently have the highest concentration of sub-$300K listings. These areas offer older housing stock, typically built between 1905 and 1980, with smaller square footage than newer construction. Ettrick, just across the Chesterfield County line, also offers larger lots and homes for similar prices. Buyers willing to consider Hopewell or Petersburg-adjacent areas find the widest price range and selection.
What size home can I get for $300,000 in Richmond?
Most homes under $300,000 in Richmond run 850 to 1,400 square feet with 2-3 bedrooms and 1-1.5 bathrooms. Larger homes in this price range, up to 1,500 square feet, are more common in Chesterfield’s Ettrick area and Hopewell, where lot sizes and square footage tend to run higher per dollar than inside Richmond city limits. Condos under $300K are typically smaller, ranging from 550 to 800 square feet for studio and one-bedroom units.
Do homes under $300K in Richmond need a lot of repairs?
Many do, since most sub-$300K inventory was built before 1975 and hasn’t been fully updated. Common issues include outdated electrical panels, older plumbing, aging roofs, and original kitchens and bathrooms. Some listings have been recently flipped with new systems, which pushes their price toward the top of the range. A thorough home inspection is essential before closing on any home in this price band, and buyers should budget a repair contingency even on updated-looking listings.
Is Southside Richmond a good place to buy a home under $300K?
Southside neighborhoods like Broad Rock and Blackwell offer some of the fastest-moving, best-value inventory under $300K in the city. Homes here average around 22 days on market, faster than the metro average, reflecting strong buyer demand for the price point. The area has no HOA fees and a 12-18 minute commute to Downtown Richmond. Investor competition is common, so buyers should be prepared to move quickly with pre-approval in hand.
What is the property tax on a $250,000 home in Richmond VA?
A $250,000 home in the City of Richmond currently carries an estimated annual property tax between $2,100 and $2,400, depending on the specific assessed value and any applicable exemptions. Chesterfield County homes at the same price point tend to run slightly lower, closer to $1,900-$2,150 annually, due to a lower real estate tax rate. Hopewell property taxes at this price level are typically the lowest in the region, around $1,800-$2,000 per year. Rates can shift annually with local budget cycles, so buyers should confirm current rates before finalizing a budget.
Are there condos under $300,000 near the Fan District?
Yes, though inventory is limited and moves fast. Older condo buildings on the western and southern edges of the Fan District and Museum District occasionally list studio and one-bedroom units between $135,000 and $290,000. HOA fees typically run $220-$410 per month. Buyers should verify FHA or conventional loan eligibility for the specific building before making an offer, since not all older Richmond condo associations meet current lending requirements.
Is Hopewell VA a good alternative to Richmond for affordable homes?
Hopewell offers the widest range of home conditions and prices under $300K in the greater Richmond metro, from $165,000 fixer-uppers to $290,000 renovated homes. It sits about 25 miles south of Downtown Richmond, roughly a 30-35 minute commute via I-295 or Route 10. The Riverside neighborhood and City Point Historic District both offer larger lots and mature, walkable streets. Hopewell also has some of the lowest property tax estimates in the region for homes at this price point.
What is Ettrick VA like for first-time homebuyers?
Ettrick, located along the Chesterfield County and Colonial Heights border near Virginia State University, offers larger homes and lots than comparable city-proper listings under $300K. Typical homes run 1,200-1,500 square feet on lots of a quarter acre or more, priced between $220,000 and $295,000. The area is about 20-25 minutes from Downtown Richmond and has strong rental demand near VSU, which appeals to buyers considering a future rental or house-hacking strategy. The Mission Realty Team frequently points first-time buyers here for space-for-price value.
How fast do homes under $300K sell in Richmond right now?
Homes under $300K in desirable pockets like Broad Rock, Blackwell, and Barton Heights are averaging under 22 days on market in 2026, faster than the broader Richmond metro average of 31 days. Well-priced, move-in-ready homes in these areas frequently receive multiple offers within the first week of listing. Buyers should have financing pre-approval and be ready to view new listings within 24-48 hours of them hitting the market. The Mission Realty Team sets up same-day MLS alerts for clients targeting this price band specifically because of this pace.
Can I buy a fixer-upper under $300K and finance the repairs?
Yes, FHA 203(k) renovation loans and similar products allow buyers to finance both the home purchase and needed repairs in a single loan. This is especially common for homes in Highland Park, Barton Heights, and parts of Church Hill, where housing stock often needs electrical, plumbing, or roofing updates. These loans typically require a licensed contractor’s estimate and additional inspections before closing. The Mission Realty Team works with several Richmond-area lenders who specialize in these renovation loan products.
What’s the difference between buying in Richmond city versus Chesterfield County under $300K?
Richmond city listings under $300K tend to be smaller, older homes with higher price per square foot but shorter commutes to Downtown. Chesterfield County areas like Ettrick typically offer more square footage and larger lots per dollar, along with a slightly lower property tax rate. City neighborhoods often have more walkability and closer proximity to Downtown amenities, while Chesterfield trades some of that convenience for space. Both markets have distinct trade-offs worth weighing based on lifestyle priorities.
Do any homes under $300K in Richmond have a yard or garage?
Many single-family homes under $300K, particularly in Ettrick, Hopewell, and Southside Richmond, come with lots ranging from 0.1 to 0.4 acres, offering usable yard space. Detached garages are less common but do appear occasionally in Ettrick and Hopewell listings, while carports are more typical in Southside neighborhoods. Condos under $300K generally do not include private yards or garages, though some include assigned parking. Buyers prioritizing outdoor space should focus their search on Ettrick or Hopewell.
Should I use a real estate agent to find homes under $300K in Richmond?
Yes, working with a local agent is especially valuable in this price band because inventory moves quickly and isn’t always obvious from public search sites. The Mission Realty Team tracks off-market opportunities, price drops, and new listings across Richmond, Henrico, Chesterfield, Hanover, Goochland, and Powhatan daily. An experienced local agent can also help evaluate renovation costs and HOA health before you commit to an offer. Given how fast well-priced homes under $300K are selling in 2026, having same-day alerts and a responsive agent matters more than ever.
Will Richmond home prices under $300K keep dropping in availability?
Based on current trends, inventory under $300K has been shrinking steadily, from nearly 20% of metro listings a few years ago to roughly 8-11% today. Rising construction costs, higher land values, and steady population growth in the Richmond metro are the primary drivers behind this narrowing supply. Buyers who are able to act in 2026 are likely to find more selection than they will in coming years as prices continue trending upward. The Mission Realty Team recommends buyers who qualify for this price range move sooner rather than waiting for prices to soften.
Ready to Find Your Under-$300K Home in Richmond?
The Mission Realty Team tracks every new sub-$300K listing across Richmond, Henrico, Chesterfield, Hanover, Goochland, and Powhatan the moment it hits the market. Reach out today to set up same-day alerts and start touring homes in your price range before they’re gone.
