What $300K-$350K Gets You in Richmond VA in 2026
A neighborhood-by-neighborhood, visual breakdown of the entry-level homes buyers are actually closing on right now
In Richmond VA right now, $300K-$350K typically buys a 3-bedroom, 1.5 to 2-bath home between 1,200 and 1,650 square feet – either a lightly updated ranch or bungalow on a quarter-acre lot, or a newer-construction townhome with an HOA. This band covers neighborhoods like Highland Springs, Fairfield and the East End in Richmond city, Meadowbrook/Beulah in Chesterfield, Colonial Heights, Chester’s Bermuda Run community, and parts of Hopewell and Prince George. Expect property taxes in the $2,400-$3,000 per year range depending on locality. Buyers searching “homes for sale in Richmond VA under 350000,” “starter homes Richmond VA,” “Chesterfield County homes 300k,” and “Henrico townhomes for sale” land squarely in this price segment. The Mission Realty Team tracks this band closely because it moves fast, often with multiple offers inside the first two weeks. This guide breaks down six real submarkets, a comparison table with sample listings, and answers to the questions buyers ask most before making an offer at this price point in 2026.
Table of Contents
- Highland Springs: Henrico’s Best Value Bungalows
- Fairfield and the East End: Richmond City Starter Homes
- Meadowbrook and Beulah: Chesterfield Ranch Homes
- Colonial Heights: Small-City Charm, Big Value
- Bermuda Run in Chester: Newer Townhomes with HOA Perks
- Hopewell and Prince George: New Construction Under $350K
- Frequently Asked Questions
What does $300K-$350K get you in Richmond VA right now? It gets you a real, move-in-ready foothold in the market – typically a 3-bedroom, 1-1.5 bath ranch or bungalow built between the 1940s and 1970s on a 0.2-0.4 acre lot, or a 2-3 bedroom townhome built after 2015 with a small HOA. This band sits just above Richmond’s true entry-level tier and just below the point where updated single-family homes with two full baths become common.
Richmond’s median home price crossed $370,000 in early 2026, which pushes the $300K-$350K band into “starter home” territory rather than the median. According to regional MLS data, homes in this price range are averaging 12-18 days on market metro-wide, and roughly 1 in 4 are receiving more than one offer. Chesterfield County and Henrico County account for the largest share of inventory in this band, followed by Richmond city’s East End and outlying cities like Colonial Heights and Hopewell.
The Mission Realty Team works with buyers in this price range every week, and the pattern is consistent: the homes that sell fastest are the ones priced correctly with recent HVAC or roof work already done. This guide walks through six specific submarkets where $300K-$350K stretches the furthest in 2026, plus a full pricing table and answers to the questions we hear most often from first-time and move-up buyers alike.
Highland Springs Bungalows: Henrico’s Best Value Under $350K
Highland Springs, an unincorporated community in eastern Henrico County, is one of the most consistent value plays in this price band. Buyers here typically find 3-bedroom, 1-bath bungalows built in the 1940s-1960s, ranging from 1,150 to 1,450 square feet on lots between 0.25 and 0.4 acres – noticeably larger than what you’d get closer to downtown.
Most listings in the $300K-$330K range in Highland Springs have had at least one major system updated in the last 10 years (roof or HVAC), though kitchens and bathrooms are often original or only partially renovated. Homes here commonly feature hardwood floors under carpet, detached garages or carports, and mature trees on the lot. Property taxes in Henrico County run about $0.87 per $100 of assessed value, putting the annual tax bill on a $320,000 home around $2,780.
Commute-wise, Highland Springs sits roughly 20 minutes from downtown Richmond and about 15 minutes from Short Pump via I-64 and I-295, making it appealing to buyers who work in either direction. The Mission Realty Team has seen strong demand here from first-time buyers priced out of closer-in Henrico neighborhoods like Lakeside and Glen Allen.
Fairfield and the East End: Richmond City Starter Homes Near Downtown
Richmond’s Fairfield neighborhood and the broader East End corridor offer some of the closest-to-downtown inventory in this price band. Expect 2-3 bedroom, 1-bath brick or frame bungalows and duplex-style homes, typically 1,200-1,500 square feet, on smaller in-city lots of 0.1-0.2 acres.
Many homes here were built between the 1920s and 1950s, so buyers should budget for aging electrical panels, older plumbing, or single-pane windows even in listings marketed as “updated.” That said, a good number of Fairfield-area homes in this range have had cosmetic renovations – refinished floors, new paint, updated light fixtures – by investor-sellers or previous owner-occupants. Richmond city’s real estate tax rate is $1.20 per $100 of assessed value, so a $310,000 home carries an estimated annual tax bill of about $3,720, which is meaningfully higher than the suburban counties.
The draw here is proximity: Fairfield and the East End are a 10-15 minute drive (or a short bus ride via GRTC) to downtown Richmond, VCU, and the Fan District’s job and restaurant corridor. This makes the area attractive to buyers who want to skip a highway commute entirely.
Meadowbrook and Beulah: Chesterfield Ranch Homes with Real Yards
The Meadowbrook and Beulah areas of Chesterfield County, along the Route 1/Jefferson Davis Highway corridor, are a strong match for buyers who want a classic brick ranch with a yard big enough for a garden or a swing set. Typical inventory runs 3 bedrooms, 1.5 baths, and 1,300-1,600 square feet on lots between 0.3 and 0.5 acres – some of the largest lots available anywhere in this price band.
These homes were mostly built in the 1960s-1970s and tend to have partially finished basements or crawl spaces, carports rather than attached garages, and original hardwood or updated laminate flooring. Chesterfield County’s real estate tax rate is $0.93 per $100 of assessed value, so a $325,000 home in Meadowbrook or Beulah runs approximately $3,022 per year in property taxes.
Access to Route 1, I-95, and Chippenham Parkway makes this pocket of Chesterfield convenient for commuters heading to downtown Richmond, Fort Gregg-Adams, or the Southside industrial corridor. The Mission Realty Team frequently points growing families toward this area specifically because of the lot sizes – it’s hard to find a quarter-acre-plus yard under $350K much closer to the city center.
Colonial Heights: Small-City Charm with Big Square Footage
Colonial Heights, an independent city just south of Chesterfield County along the Appomattox River, consistently delivers more square footage per dollar than almost anywhere else in the Richmond metro at this price point. Buyers commonly find 3-bedroom, 1.5-2 bath homes ranging from 1,400 to 1,650 square feet, including split-levels and Cape Cods from the 1950s-1970s, on lots of 0.2-0.35 acres.
Colonial Heights has its own school district and a walkable downtown strip along Boulevard, which appeals to buyers who want small-town character without leaving the metro area. Homes here often come with attached one-car garages, fenced yards, and updated windows, since a wave of owner renovations moved through the city over the last decade. The city’s real estate tax rate is $1.22 per $100 of assessed value, putting the annual bill on a $335,000 home at roughly $4,087 – one of the higher rates in the region, so factor it into your monthly budget calculations.
Colonial Heights sits about 25 minutes south of downtown Richmond via I-95, making it more of a secondary-commute location, but it’s popular with buyers who work in Chesterfield’s Southside industrial parks or in Petersburg.
Bermuda Run in Chester: Newer Townhomes with Low-Maintenance Living
For buyers who’d rather have a newer build than a bigger lot, the Bermuda Run townhome community in Chester (Chesterfield County) is one of the best options in this price band. These 2-3 bedroom, 2-2.5 bath townhomes typically run 1,400-1,600 square feet and were built between 2015 and 2021, meaning updated kitchens, energy-efficient HVAC, and modern floor plans are standard rather than a bonus.
HOA dues in Bermuda Run typically run $95-$135 per month, covering lawn maintenance, common area upkeep, and sometimes trash service – a meaningful convenience for buyers who don’t want yard work. Because these are newer builds, property tax assessments tend to sit close to the purchase price, so a $340,000 townhome at Chesterfield’s $0.93 rate runs about $3,162 annually.
Chester offers quick access to I-95 and Route 10, putting Petersburg, Southside Richmond, and Fort Gregg-Adams all within a 15-20 minute drive. The Mission Realty Team often steers dual-income buyers with limited weekend time toward Bermuda Run specifically because the low-maintenance HOA model frees up time that an older single-family home in this price range would otherwise demand for repairs.
Hopewell and Prince George: New Construction Still Under $350K
Hopewell (an independent city) and neighboring Prince George County, roughly 25-30 minutes southeast of downtown Richmond, remain one of the last pockets in the metro where genuinely new construction still fits under $350,000. Buyers here can find 3-bedroom, 2-bath homes built within the last 1-5 years, running 1,250-1,500 square feet on lots of 0.15-0.3 acres, often in small subdivisions rather than resale neighborhoods.
Because these are new or near-new builds, buyers typically get modern open floor plans, granite or quartz counters, and full builder warranties still in effect – a rarity at this price point anywhere closer to Richmond proper. Hopewell’s real estate tax rate is $1.16 per $100 of assessed value, while Prince George County sits lower at around $0.81 per $100, so a $315,000 new-construction home could run anywhere from about $2,552 (Prince George) to $3,654 (Hopewell) annually depending on exact location.
The tradeoff is commute distance and a smaller selection of restaurants and retail compared to closer-in submarkets, but for buyers prioritizing “new” over “central,” this corridor delivers the newest housing stock available under $350K in the entire Richmond region.
| Neighborhood/Area | Sq Ft | Beds/Baths | Typical Price | Est. Annual Property Tax |
|---|---|---|---|---|
| Highland Springs (Henrico) | 1,150-1,450 | 3 bed / 1 bath | $300,000-$330,000 | ~$2,780 |
| Fairfield/East End (Richmond City) | 1,200-1,500 | 2-3 bed / 1 bath | $300,000-$320,000 | ~$3,720 |
| Meadowbrook/Beulah (Chesterfield) | 1,300-1,600 | 3 bed / 1.5 bath | $310,000-$335,000 | ~$3,022 |
| Colonial Heights | 1,400-1,650 | 3 bed / 1.5-2 bath | $320,000-$345,000 | ~$4,087 |
| Bermuda Run, Chester (townhome) | 1,400-1,600 | 2-3 bed / 2-2.5 bath | $325,000-$350,000 | ~$3,162 |
| Hopewell (new construction) | 1,250-1,500 | 3 bed / 2 bath | $305,000-$330,000 | ~$3,654 |
| Prince George County (new construction) | 1,250-1,500 | 3 bed / 2 bath | $310,000-$335,000 | ~$2,552 |
| Chester (resale ranch) | 1,300-1,500 | 3 bed / 1.5 bath | $300,000-$325,000 | ~$2,976 |
| Twin Hickory area condos (Henrico) | 1,200-1,400 | 2-3 bed / 2 bath | $310,000-$340,000 | ~$2,900 |
Frequently Asked Questions About $300K-$350K Homes in Richmond VA
What can $300,000 to $350,000 buy in Richmond VA right now?
It typically buys a 3-bedroom, 1-2 bath home between 1,200 and 1,650 square feet, either an older ranch/bungalow needing light updates or a newer townhome with an HOA. The specific tradeoff shifts by area: Highland Springs and Meadowbrook/Beulah offer bigger lots on older homes, while Bermuda Run and Hopewell offer newer construction on smaller lots. The Mission Realty Team recommends buyers decide early whether lot size or build age matters more, since this band rarely offers both. Expect 12-18 days on market and the possibility of competing offers on well-priced listings.
Is $300K-$350K considered a starter home price in Richmond VA?
Yes, this range currently sits below Richmond’s regional median home price of roughly $370,000, making it a genuine entry-level to starter-home tier in 2026. Homes at this price point are common in Henrico’s Highland Springs, Chesterfield’s Meadowbrook/Beulah area, Colonial Heights, and outlying cities like Hopewell. Buyers priced out of neighborhoods like Short Pump, Midlothian, or the Fan should expect to look slightly farther from downtown to find inventory in this band. First-time buyer programs through Virginia Housing can also apply to many listings in this range.
What neighborhoods in Richmond VA have homes priced between $300K and $350K?
Highland Springs, Fairfield and the East End in Richmond city, Meadowbrook and Beulah in Chesterfield, Colonial Heights, Chester’s Bermuda Run townhome community, and parts of Hopewell and Prince George County all regularly list homes in this price band. Twin Hickory-area condos in Henrico also occasionally fall into this range. Inventory shifts month to month, so the Mission Realty Team recommends setting up an automated MLS search rather than checking manually.
How much are property taxes on a $325,000 home in Richmond VA?
Property taxes on a $325,000 home vary by locality but generally fall between $2,400 and $3,200 per year in the Richmond metro’s suburban counties. Henrico’s rate is $0.87 per $100 of assessed value, Chesterfield’s is $0.93, and Prince George’s is about $0.81, while Richmond city ($1.20), Colonial Heights ($1.22), and Hopewell ($1.16) run notably higher. On a $325,000 home, that translates to roughly $2,828 in Henrico versus $3,965 in Colonial Heights. Always confirm the current rate with the local commissioner of revenue, since rates can change annually.
Are there new construction homes under $350K in Richmond VA?
Yes, but they are concentrated in Hopewell and Prince George County, roughly 25-30 minutes from downtown Richmond. These areas offer 3-bedroom, 2-bath new builds around 1,250-1,500 square feet, often still under builder warranty. New construction inside Henrico, Chesterfield, or Richmond city proper is rare under $350K in 2026, as builders in those closer-in areas are typically pricing new homes well above $400,000. Chester’s Bermuda Run community offers slightly older (2015-2021) but still relatively new townhomes in this price range.
What size lot comes with a $300K-$350K home in Richmond VA?
Lot size depends heavily on location: older single-family homes in Highland Springs, Meadowbrook, and Beulah typically sit on 0.25-0.5 acre lots, while in-city homes in Richmond’s Fairfield/East End area and newer townhomes in Bermuda Run sit on much smaller 0.1-0.2 acre or shared-lot footprints. Buyers wanting a larger yard for kids, pets, or gardening should focus their search on Chesterfield’s Meadowbrook/Beulah corridor. Buyers who prioritize low-maintenance living often prefer the smaller-lot townhome option instead.
Do homes in this price range need renovation?
Many do, since a large share of inventory in this band consists of homes built between the 1940s and 1970s. Common needed updates include kitchen and bathroom refreshes, replacement of original windows, and occasionally electrical panel upgrades in homes built before 1960. Newer townhome options like Bermuda Run in Chester avoid this issue entirely since they were built within the last decade. The Mission Realty Team always recommends a full home inspection regardless of the home’s apparent condition, since cosmetic updates can mask deferred maintenance.
How many bedrooms and bathrooms can I expect at this price point?
Most homes in the $300K-$350K range in Richmond VA offer 3 bedrooms and 1 to 2 bathrooms. Older ranch and bungalow-style homes more commonly have just one full bath, sometimes with an added half-bath, while newer townhome communities like Bermuda Run typically include 2 to 2.5 bathrooms as standard. Buyers who need two full bathrooms for a growing family should prioritize newer construction or recently renovated resale homes in Colonial Heights or Meadowbrook.
Is Highland Springs a good place to buy a home in 2026?
Highland Springs is one of the strongest value areas in Henrico County for buyers in the $300K-$330K range, offering larger lots and bungalow-style homes with room to add value over time. It sits about 20 minutes from downtown Richmond and 15 minutes from Short Pump, making commutes manageable in either direction. Home condition varies widely from block to block, so working with an agent who knows the specific streets is important. The Mission Realty Team has closed multiple transactions here and can point buyers toward blocks with the strongest recent sale comps.
What are HOA fees like for townhomes in this price range?
HOA fees for townhome communities like Bermuda Run in Chester typically run $95-$135 per month, covering lawn care, common area maintenance, and in some cases trash pickup. This is generally lower than HOA fees in newer, higher-priced Chesterfield or Henrico communities. Buyers should always request the HOA’s financial statements and reserve study before closing to check for upcoming special assessments. Factor the monthly HOA fee into your total housing budget alongside mortgage, taxes, and insurance.
How fast are homes selling in the $300K-$350K range in Richmond VA?
Homes in this price band are averaging 12-18 days on market across the Richmond metro as of mid-2026, with roughly one in four listings receiving multiple offers. Well-priced, move-in-ready homes in popular pockets like Meadowbrook, Beulah, and Bermuda Run tend to move even faster, sometimes under a week. Homes needing significant work or located on busier streets typically sit longer and see more price negotiation. Buyers serious about this price range should get pre-approved before touring, since delays in financing can cost a buyer the home.
Should I buy in Richmond city or the surrounding counties at this price point?
The main tradeoff is proximity versus tax rate: Richmond city offers shorter commutes into downtown but carries a $1.20 per $100 tax rate, notably higher than Henrico’s $0.87 or Chesterfield’s $0.93. A buyer choosing between a similarly priced home in Fairfield (Richmond city) and Meadowbrook (Chesterfield) could pay $700-$900 more per year in property taxes for the in-city option. Commute time, school district preference, and lot size expectations should all factor into the decision alongside taxes. The Mission Realty Team typically walks buyers through a full side-by-side cost comparison before they choose a target area.
Can first-time buyers get down payment assistance for homes in this range?
Yes, Virginia Housing offers down payment assistance and below-market interest rate programs that apply to homes throughout this price range, provided the buyer meets income and purchase price limits. Many lenders active in the Richmond market also offer 3-5% down conventional loan options alongside FHA loans requiring 3.5% down. Homes in this $300K-$350K band are well within FHA loan limits for the Richmond metro area. Ask your lender specifically about Virginia Housing’s first-time homebuyer programs before starting your search.
What should I budget beyond the purchase price in this range?
Beyond the purchase price, budget for property taxes (roughly $2,400-$3,000+ annually depending on locality), homeowners insurance, and if applicable, HOA dues of $95-$135 per month for townhome communities. Older homes in Highland Springs, Fairfield, or Meadowbrook should also carry a repair reserve for items like roofing, HVAC, or plumbing that may need attention within the first few years. A home inspection typically costs $350-$500 and is strongly recommended on any resale home in this price band. The Mission Realty Team can help buyers build a full monthly cost estimate before making an offer.
Ready to See What $300K-$350K Can Get You in Richmond?
The Mission Realty Team tracks new listings across Highland Springs, Meadowbrook, Colonial Heights, Chester, and every other pocket of this price band the moment they hit the market. Contact the Mission Realty Team today to schedule a tour and get matched with homes in your exact price range before they’re gone.
