A townhome is a bargain about labour, not a bargain about money. You hand an association the roof, the siding, the lawn and usually the private drives, and in exchange you accept that a board sets the budget and the rules. In the Richmond market of 2026 that bargain also comes with a price discount and a slower sale, and both are worth seeing in numbers before you shop.
Below: what the attached market did in July 2026, then ten neighborhoods where the stock is deep enough to shop, grouped by locality rather than ranked, each with the buyer it does not suit.
Attached versus detached in the Richmond Metro, July 2026
Condo and townhouse, July 2026, by locality
| Area | Closed (YoY) | Median (YoY) | Days on market (YoY) | Months supply (YoY) |
|---|---|---|---|---|
| Richmond Metro | 246 (-13.7%) | $375,000 (0.0%) | 37 (-5.1%) | 2.9 (-3.3%) |
| Henrico County (county level) | 106 (-18.5%) | $390,000 (+9.2%) | 29 (-12.1%) | 2.3 (-8.0%) |
| Chesterfield County (county level) | 66 (-35.3%) | $373,665 (-6.9%) | 39 (+2.6%) | 3.5 (-2.8%) |
| Richmond City (city level) | 50 (+28.2%) | $320,300 (-4.0%) | 40 (-23.1%) | 3.4 (+9.7%) |
| Goochland County | 1 closed sale | Sample too small for a median | – | – |
| Powhatan County | 0 closed sales | No data | – | – |
[DATA NEEDED: median price per square foot, July 2026, by area]
Month covered: July 2026, the latest published; August 2026 is not out.
Source: Central Virginia Regional MLS, July 2026, via the Richmond Association of REALTORS Sortable Statistics, condo and townhouse report.
Three things follow. The $85,000 gap between the attached and detached metro medians is the real entry-price argument for a townhome. The 37-day average sale, nearly double the detached 19, means you have time to look and less time to sell. And the localities diverge sharply: Henrico attached rose 9.2% year over year to a county-level $390,000 while Chesterfield fell 6.9% to $373,665 and Richmond City fell 4.0% to $320,300. A metro-wide statement about townhome prices in 2026 would be wrong in two of the three.
The outer counties barely have an attached market at all. Goochland recorded one condo or townhouse sale in July 2026, which is not enough to support a median and we will not quote one; Powhatan recorded none. If you want a deeper read on the month, we published a fuller Richmond condo and townhouse market report for July 2026.
How the ten are grouped
By locality, then by price tier inside it: western Henrico County first because it holds the most attached inventory, then the City of Richmond, then Chesterfield County. It is not a ranking.
Short Pump: the deepest attached inventory in the metro, at the top of the county price band
Short Pump has been building attached housing continuously for two decades, which is why it offers something most of this list cannot: a choice of floor plan, age and association at the same time. Henrico’s county-level attached median of $390,000 rose 9.2% year over year in July 2026, the only locality in the table that went up, and Short Pump is where that demand concentrates. Henrico’s published real estate tax rate is $0.83 per $100.
Wrong for you if you are buying to escape a car. This is a retail corridor built around parking, and walking here means walking across it.
West Broad Village: attached housing that is genuinely walkable, and priced that way
West Broad Village is the one western Henrico address where the townhomes were planned around a street grid with ground-floor retail rather than around a parking field. If walkability is the actual reason you are downsizing, this is a short list of one out here, and our roundup of Richmond neighborhoods where you can walk to a grocery store explains why the list is short.
Wrong for you if you want low fees. Structured amenity and shared commercial frontage cost money, and the assessment reflects it. Also wrong if you want quiet: the units above the retail are above the retail.
Innsbrook and Midtown64: attached homes inside an office and redevelopment district
Innsbrook and Midtown64 are both places where attached housing is being added into an existing commercial district rather than onto a field. The practical consequence for a buyer is a short, reverse-direction commute and a neighborhood whose character is still being decided. Buy here on the condition that you are comfortable with what gets built next door.
Wrong for you if you want a settled streetscape or a predictable view. Redevelopment districts change, and your association has no say over the parcel across the road.
Twin Hickory and Glen Allen: the family-sized end of the attached market
Twin Hickory and Glen Allen hold the three-bedroom, two-and-a-half-bath townhomes with a garage that buyers usually mean when they say they want a townhouse rather than a condo. These are association-maintained exteriors on a house-shaped floor plan, which is the closest thing on this list to not compromising.
Wrong for you if the point was less space to clean. A 2,000 square foot three-level townhome with stairs to the primary bedroom solves the roof problem and nothing else.
Scott’s Addition and Manchester: the city attached market, and the lowest median on the board
Scott’s Addition and Manchester are the two Richmond districts where former industrial buildings became attached housing at scale. Richmond City posted a city-level attached median of $320,300 in July 2026, down 4.0% year over year, on 50 closed sales that were up 28.2%: more units trading, at slightly lower prices. Days on market ran 40 at city level, the slowest of the three localities here.
Wrong for you if you need a conventional lender to move fast. Converted and mixed-use buildings raise questions about owner-occupancy ratios and commercial square footage that some loan products will not accept. Talk to one of our preferred lenders before you write, not after.
Midlothian and Woodlake: the Chesterfield attached market, where prices actually fell
Midlothian and Woodlake carry most of Chesterfield’s attached stock, and Chesterfield is the softest of the three localities: a county-level attached median of $373,665 in July 2026, down 6.9% year over year, on 66 closed sales that fell 35.3%, with 3.5 months of supply, the deepest in the table. That is a buyer’s position, not a warning. Chesterfield’s real estate tax rate for 2026 is $0.89 per $100, six cents above Henrico.
Wrong for you if you plan to sell inside three years. A falling county median and a third fewer sales year over year is not the market to buy into on a short horizon.
A saved search for attached homes in these ten areas
That is the list. We will set you up with a saved search for attached homes across Short Pump, West Broad Village, Innsbrook, Midtown64, Twin Hickory, Glen Allen, Scott’s Addition, Manchester, Midlothian and Woodlake, with the monthly assessment and the number of levels shown on every result, because those two fields decide more of this than the price does. Browse our property search or the homes on our active listings, and we will build the filter on our buyer side.
What the assessment is actually buying, and what it is not
Attached housing in Virginia is governed either as a condominium or through a property owners association. Code of Virginia section 55.1-1800 defines the second: an entity levying mandatory regular or special assessments on lots under a recorded declaration. Which structure applies changes what you own, what you insure and what a lender will accept, and it is not always obvious from the listing.
Read the reserve study before the amenity list. An association with a thin reserve and a roof cycle coming due funds it through a special assessment, and that lands on you regardless of how long you have owned. Our post on what changes day to day when you move from a house to a condo or townhome covers the rest of the adjustment, and if the budget is the constraint, Richmond condos and townhomes between $300,000 and $350,000 shows what that band buys.
This series has two companions if attached housing is not the answer: Richmond-area neighborhoods for single-story living if stairs are the problem, and neighborhoods where you can still get a real yard without an HOA if the association is. The rest of the metro sits on our community pages.
General information, not legal advice. On declarations, condominium instruments or contract language, consult a Virginia real estate attorney.
Questions buyers ask about Richmond townhomes
Why did attached homes take 37 days to sell when detached took 19?
Supply and buyer pool. Attached inventory ran 2.9 months across the Richmond Metro in July 2026 against 1.8 for detached, and the attached pool excludes anyone who needs a yard or refuses an assessment. Slower is not weaker: the metro attached median was flat at $375,000, so time on market rose without price falling.
Is a townhouse the same thing as a condominium?
Not legally. Townhouse describes the building form, attached on one or both sides. Condominium describes ownership: interior airspace plus an undivided share of the common elements. A townhouse can be a fee-simple lot under a property owners association or a condominium unit, and the paperwork tells you which.
Should I worry that Chesterfield attached sales fell 35.3%?
Watch it rather than worry. Closed sales are volatile on small counts, and 66 in a month is a small count. The figure that matters more is 3.5 months of supply, the deepest in the July 2026 table, which is what gives a buyer room in Midlothian and Woodlake.
Can I get a townhome in Goochland or Powhatan?
Very rarely. Goochland recorded one condo or townhouse sale in July 2026 and Powhatan recorded none, so there is no market to read and no median worth quoting. If you want attached housing, you are looking at Henrico, Richmond City or Chesterfield.
How much should I expect the monthly assessment to be?
[DATA NEEDED: median monthly association assessment for attached homes, July 2026, by area] The published MLS reports do not aggregate assessments, so anyone quoting you a typical figure is guessing. What you can do is compare the actual number on each listing against what it covers, since an assessment including water, exterior insurance and private road maintenance is not comparable to one covering lawn care alone.
Do townhomes appreciate more slowly than detached houses here?
Not uniformly, and July 2026 shows the spread. Henrico attached rose 9.2% year over year at county level while Chesterfield attached fell 6.9% and Richmond City attached fell 4.0%. Over the same month detached rose 2.2% across the metro. Locality mattered far more than building type.
Set the filter, then wait
At 2.9 months of supply and 37 days on market, this is the rare Richmond search where you can be deliberate. The saved search above covers attached homes in all ten areas, with the assessment and the number of levels visible, so you can discard the three-level plans in one pass if stairs were the reason you started.
Tell us the ten areas, your assessment ceiling and whether you will accept stairs, and we will build it. The agents who will run it are on our team page.
