Richmond VA Condos & Townhomes $300K-$350K in 2026: What Buyers Should Know
This is the sweet spot where Richmond’s condo and townhome market actually delivers space, location, and manageable HOA dues at the same time.
Richmond VA condos and townhomes between $300K and $350K in 2026 typically deliver 1,100-1,600 square feet, two to three bedrooms, and one or two assigned parking spaces, with HOA fees running $175-$425 a month depending on amenities. This tier is anchored by three very different markets: Scott’s Addition’s converted-warehouse condos, Short Pump’s newer townhome communities, and Midlothian’s established townhome neighborhoods off Midlothian Turnpike. Buyers researching condos townhomes 300k 350k Richmond VA, Scott’s Addition condo prices, Short Pump townhomes for sale, or Midlothian VA townhome communities will find real differences in walkability, commute, and amenity packages across these three areas. Mission Realty Team compares all three markets below, including exactly what your HOA dues cover, typical square footage by neighborhood, and the trade-offs buyers consistently underweight before closing.
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Richmond VA condos and townhomes in the $300K-$350K range occupy an unusual middle ground in 2026: priced above the entry-level condo tier but well below the region’s median detached-home price of roughly $392,000, this band gives buyers real square footage and increasingly desirable locations without a single-family price tag.
Mission Realty Team’s review of current listings shows this price band averages 1,340 square feet across condos and townhomes combined, with average days on market at 24 – slightly faster than the broader attached-home market. Roughly 60% of current inventory in this range sits in three corridors: Scott’s Addition inside the city, Short Pump in western Henrico, and Midlothian in Chesterfield County.
Each of these three markets delivers a genuinely different lifestyle for the same monthly payment, and the right choice depends heavily on commute priorities, amenity expectations, and whether a buyer values walkability over square footage.
Scott’s Addition: Industrial-Chic Condos
Scott’s Addition, Richmond’s former industrial district turned brewery-and-loft neighborhood just north of the Fan, offers converted-warehouse and newer-construction condos in this price range, typically 850-1,150 square feet with one bedroom plus a den or two smaller bedrooms.
Buildings like The Symbol, IronWorks, and IX Chophouse-adjacent developments feature exposed brick, polished concrete, and 10-12 foot ceilings, with HOA fees between $280 and $425 a month covering a rooftop deck, fitness center, and often a dog park or coworking lounge.
Short Pump: Newer Townhome Communities
Short Pump, the retail and employment hub of western Henrico County along the I-64 corridor, offers newer-construction townhomes in communities like West Broad Village and Wyndham’s townhome sections, typically 1,600-1,900 square feet with two-car garages included.
These townhomes generally run $325,000-$350,000, at the upper edge of this tier but delivering meaningfully more space than Scott’s Addition condos, with HOA fees of $150-$225 a month covering lawn care, common-area landscaping, and exterior maintenance.
Midlothian: Established Townhome Neighborhoods
Midlothian, along the Midlothian Turnpike corridor in Chesterfield County, offers the most established townhome inventory in this price range, with communities like Charter Colony and Foxcreek providing 1,400-1,700 square foot units built in the 2000s and 2010s.
Prices here run $305,000-$345,000, with HOA fees of $175-$260 a month, and many communities include a shared pool, clubhouse, or walking trail system. Midlothian’s established retail corridor along Route 60 adds convenience that newer Short Pump communities are still building toward.
What HOA Fees Actually Cover at This Price
HOA fees across this $300K-$350K tier range from $150 to $425 monthly, with Scott’s Addition condos at the high end due to building amenities and Short Pump and Midlothian townhomes running lower since they cover exterior maintenance rather than full building operations.
Buyers should request the HOA’s reserve study and most recent financial statement before closing, since underfunded reserves can lead to special assessments. Mission Realty Team recommends budgeting for HOA increases of roughly 3-5% annually, consistent with what most Richmond-area associations have implemented over the past two years.
Typical Square Footage and Layouts
Square footage varies significantly by area: Scott’s Addition condos average 950 square feet, Short Pump townhomes average 1,750 square feet, and Midlothian townhomes average 1,550 square feet, all within the same $300K-$350K budget.
Layouts also differ meaningfully. Scott’s Addition units tend toward open-concept single-level living with one full bathroom, while Short Pump and Midlothian townhomes typically offer three levels including a garage-level flex room, two and a half bathrooms, and a primary suite with a walk-in closet.
How to Decide Between the Three Markets
The right choice depends on daily routine: Scott’s Addition suits buyers who want to walk to dinner and work downtown or near VCU, Short Pump suits buyers commuting to Innsbrook or western Henrico employers, and Midlothian suits buyers prioritizing Chesterfield schools and more square footage per dollar.
Resale strength also differs. Scott’s Addition condos have appreciated fastest over the past three years due to continued neighborhood investment, while Short Pump and Midlothian townhomes offer steadier, more predictable appreciation tied to broader suburban demand.
| Market | Typical Price | Avg. Sq Ft | Avg. HOA/Month | Avg. Days on Market |
|---|---|---|---|---|
| Scott’s Addition (condo) | $300,000 – $340,000 | 950 sq ft | $280 – $425 | 19 days |
| Short Pump (townhome) | $325,000 – $350,000 | 1,750 sq ft | $150 – $225 | 22 days |
| Midlothian (townhome) | $305,000 – $345,000 | 1,550 sq ft | $175 – $260 | 26 days |
| Metro-wide attached average | $300,000 – $350,000 | 1,340 sq ft | $210 – $310 | 24 days |
Frequently Asked Questions About Richmond VA Condos and Townhomes $300K-$350K
What does $300K-$350K buy in Scott’s Addition?
In this range, Scott’s Addition typically delivers an 850-1,150 square foot condo, often a converted-warehouse loft or newer-construction unit, with one bedroom plus a den or two smaller bedrooms. Buildings feature exposed brick, concrete finishes, and amenities like rooftop decks and fitness centers. HOA fees run $280-$425 a month at this price point. Mission Realty Team notes these units are among the fastest-selling in the entire metro, averaging 19 days on market.
Are Short Pump townhomes a good value at $325K-$350K?
Yes, Short Pump townhomes in this range typically offer 1,600-1,900 square feet with a two-car garage, more space per dollar than comparable Scott’s Addition condos. HOA fees run lower, generally $150-$225 a month, since they cover exterior maintenance rather than building amenities. These communities sit close to Innsbrook Corporate Center and West Broad Village retail. Buyers prioritizing commute convenience to western Henrico employers consistently rate this area highly.
What are typical HOA fees for Richmond condos and townhomes at this price?
HOA fees in the $300K-$350K tier range from $150 to $425 a month depending on the property type and amenities included. Condos with building amenities like gyms and rooftop decks sit at the higher end, while townhomes covering only exterior maintenance run lower. Always request the HOA’s reserve study before closing. Mission Realty Team recommends budgeting for 3-5% annual HOA increases when calculating long-term affordability.
Which Midlothian townhome communities fall in this price range?
Charter Colony and Foxcreek are two of the most common Midlothian communities with townhomes priced $305,000-$345,000. These communities typically offer 1,400-1,700 square feet built in the 2000s and 2010s, with HOA fees of $175-$260 a month. Many include a shared pool or clubhouse. Families frequently choose this area specifically for Chesterfield County school assignments.
How much square footage do you get for $300K-$350K in Richmond?
Square footage varies significantly by neighborhood: Scott’s Addition condos average 950 square feet, while Short Pump and Midlothian townhomes average 1,550-1,750 square feet at the same price. This roughly 80% space difference reflects the premium buyers pay for Scott’s Addition’s walkability and urban amenities. Buyers prioritizing raw space typically look toward the suburban townhome markets instead. Mission Realty Team walks buyers through this exact trade-off before touring begins.
Is Scott’s Addition a good investment for condo buyers?
Scott’s Addition has shown the fastest appreciation of any Richmond condo market over the past three years, driven by continued restaurant, brewery, and residential investment in the neighborhood. Units in this price range average just 19 days on market, among the quickest-selling inventory in the metro. Building amenities and walkability continue to drive strong buyer demand. Mission Realty Team considers this one of the stronger condo investment markets in the region currently.
What’s the commute like from Short Pump townhomes to downtown Richmond?
Short Pump sits roughly 20-25 minutes from downtown Richmond via I-64, depending on traffic conditions during peak commute hours. Many residents in this price range work closer to home at Innsbrook Corporate Center or western Henrico’s retail and healthcare employers instead. The West Broad Village area also offers walkable retail and dining options. Buyers with downtown-based jobs should test the commute at rush hour before committing.
Do condos or townhomes appreciate faster in Richmond VA?
It varies by specific market rather than by property type broadly: Scott’s Addition condos have outpaced suburban townhomes in recent appreciation due to neighborhood-level investment, while Midlothian and Short Pump townhomes offer steadier, more predictable gains. Location within each submarket matters more than whether the property is a condo or townhome. Mission Realty Team tracks appreciation trends across all three corridors to help buyers weigh this decision. Both property types in this price range have outperformed the broader Richmond condo average over the past two years.
What should I check before buying a condo in this price range?
Always review the HOA’s financial statement, reserve study, and any pending special assessments before writing an offer. Confirm the building carries FHA or conventional lender approval if financing is needed. Ask about investor-ownership percentages, since buildings with high rental concentrations can complicate financing and insurance. Mission Realty Team reviews these documents with every condo buyer as a standard part of the transaction.
Are there garages included with townhomes in the $300K-$350K range?
Most Short Pump townhomes in this range include a two-car garage, while many Midlothian townhomes include a one-car garage or driveway parking depending on the specific community. Scott’s Addition condos typically include one assigned parking space rather than a garage. Garage availability is one of the biggest practical differences between the three markets. Buyers who need enclosed parking or extra storage should prioritize Short Pump or newer Midlothian communities.
How fast do condos and townhomes sell in this price range?
Scott’s Addition condos average 19 days on market, the fastest of the three corridors, while Short Pump townhomes average 22 days and Midlothian townhomes average 26 days. All three markets move faster than the region’s overall attached-home average. Well-priced listings with updated finishes or in-demand floor plans often receive multiple offers. Mission Realty Team recommends pre-approval in hand before touring in any of these three markets.
Which area is best for families with school-age children?
Midlothian townhome communities are the most common choice for families prioritizing school assignments, since they fall within specific Chesterfield County elementary, middle, and high school zones. Short Pump also offers strong Henrico County school options for buyers who prefer that side of the metro. Scott’s Addition, while centrally located, is less commonly chosen by families due to its urban, amenity-driven layout. Mission Realty Team can pull specific school assignment boundaries for any listing under consideration.
Can first-time buyers realistically afford $300K-$350K in Richmond?
Yes, with a 5-10% down payment and current 2026 mortgage rates in the mid-6% range, monthly payments in this tier typically run $2,300-$2,700 including taxes, insurance, and HOA dues. This is a common entry point for buyers who have outgrown the sub-$250K condo market but aren’t ready for a $400K-plus detached home. Virginia Housing down payment assistance programs can also apply to purchases in this range for qualifying buyers. Mission Realty Team works with several lenders who specialize in first-time buyer financing at this price point.
Let’s Find Your Condo or Townhome in the Right Richmond Neighborhood
Scott’s Addition, Short Pump, and Midlothian all deliver different lifestyles for the same budget. Contact Mission Realty Team for a side-by-side tour of active listings across all three markets this week.
