We Serve the Greater Richmond Area

The area is home to all 4 seasons, with hot summers and mild winters. This is an ideal location to move for those who love temperate weather, but hate severe cold.

With a thriving arts community and nationally-renowned historic districts, the real estate market is rapidly growing. That makes it the perfect place to move for the long haul.

A uniquely historical city

Richmond is located along the James River and is famous for its rich colonial history. It was first settled by Europeans in 1737, and is home to Patrick Henry’s famous “Give me liberty or give me death” speech. The city is home to 15 historic districts, and the State Capitol building was designed by Thomas Jefferson himself.

History buffs will find no shortage of things to do here, including old homes, Civil War relics, historic churches and famous cemeteries. U.S. News named Richmond as the eighth-best historic destination in the country.

Diverse and booming

Richmond has about an equal percentage of white and African-American residents, and is a culturally and ethnically diverse city. The median income is $53,889 and 36% of residents have a Bachelor’s degree or higher. Fifty-two percent of residents are homeowners. The city is a hub for young professionals.

Richmond is home to six Fortune 500 companies, including CarMax and Dominion Resources. It’s also home to a variety of government agencies as well as other industries, including law, finance, advertising and health. This makes it an ideal place to move for career advancement, especially since the city also features a low cost of living in comparison to other major cities.
Homes and transportation

The median home value in Richmond is just $176,500 as of April 2017, and the market is booming. Home values have gone up 13.7% over the past year alone. The median sales price is now $239,950. For renters, the median cost of a two-bedroom home is $960 per month.

Pricier neighborhoods include Westover Hills and Forest Hill, while more affordable neighborhoods include Forest Hill Terrace and Byrd Park. There are several affluent suburbs nearby.

There are a variety of styles of homes to choose from, from historic homes to modern high-rises. The downtown area is artsy and historic. These neighborhoods, such as Carytown and Monroe Park, are highly walkable and urban.

Other more residential areas are great for young families. Though they are less walkable, commute times are generally short — less than a half hour or so — due to the well-designed Interstate system. It’s also easy to bike in this city.
Things to do in the River City

Not only is this city affordable, but it also features all of the benefits of a busy metropolis, including plenty of cultural events and nightlife.

For culture- and art-lovers, there are several museums, hundreds of murals, live music, and a variety of outdoor events. The revitalized downtown area features a variety of shops, eateries and a performing arts center. There are multiple nationally-renowned restaurants and 12 microbreweries. The city is also home to several universities.

Richmond also features one of the oldest city park systems in the country, with several located along the James River. It’s easy to access natural beauty from this area, including the Virginia wetlands, gorgeous mountains and coastal beaches.

Richmond is also a great city for sports fans. Though they call D.C. home, the Redskins train in Richmond every summer at the Bon Secours Washington Redskins Training Center. Spectators can come get a unique glimpse of their favorite players during pre-season. The city is also well-known for its NASCAR racing community; many locals are huge fans.

A safe and friendly city

This city has become increasingly safe over the past decade. Though in the early 2000s it had some of the highest crime rates in the U.S., within 10 years it was no longer in the top 200 cities and crime is still steadily decreasing. It features a mixture of working-class, middle-class and upper-class neighborhoods.

Though Virginia is located right along the border of the North and South, Richmond has a distinctly Southern character. Locals are huge fans of their sweet tea, and the city is friendly and welcoming.

If you’re considering a rental property in Richmond, call us for a comprehensive market analysis.

About the Area

Wyndham is about 99 miles south of Washington, DC. The community lies west of Williamsburg, east of Charlottesville, and only a few miles west of Richmond’s central business district. The main geographic feature of the area would have to be the James River, which winds through the suburbs and part of Richmond. As a newer community, most of the architecture is modern, though there may be a few buildings with colonial or Federal-style features that mimic some of the historic buildings in Richmond.

The community stands out from other places in Virginia in several ways. What should stand out first is the size of the homes, which mostly have three to five bedrooms. The large homes hint at the neighborhood’s affluence. As noted below, the household income is very high, higher in fact than 97% of neighborhoods in the United States. This affluence also makes for one of the wealthiest neighborhoods in the state, home to several affluent Washington, DC suburbs.

More Greek speakers live here than in any other neighborhood in Virginia. While only 3.4% of the population speaks Greek as a first language, which is a huge percentage relative to most other neighborhoods in the country. Tiny, but unusually large numbers of residents hail from Greek and Austria.

The socioeconomic and demographic makeup of the neighborhood are generally what you would expect in an upscale urban neighborhood.

Community Characteristics

The population in 2010 was approximately 9,800. As a small bedroom community in the Richmond metropolitan area, the community is primarily interesting to residents because of its proximity to the city. A foundation administers a Web site serving the planned community and its residents. The demographics of this bedroom community are similar to many suburbs, as is the available housing stock, but there are some important differences.

This is also one of the most educated places in the country. Nationwide, about 23% of adults have at least a bachelor’s degree, as compared with two-thirds of Wyndham’s residents. Many of those residents also have graduate or professional degrees. The age distribution of residents reflects the neighborhoods high population of university-educated citizens.

This bedroom community skews toward middle age and a higher household income, with 58% of the population being 25-64. The community is also affluent, with an average household income of $138,613 in 2017. That figure makes residents better off than most of the United States. Housing costs reflect the community’s affluence.

Housing is relatively expensive, with the median home value being $452,500 in 2017. Most of the homes were built between 1970 and 1999, so most homes are neither old nor particularly new. The median rent was $2,037 in 2017 as well. Both figures put Wyndham among the most expensive 255 of all neighborhoods in the Commonwealth and in the United States. As a popular neighborhood, housing demand is healthy. Approximately 6.8% of housing is vacant at a time, a percent below nearly two-thirds of neighborhoods in the United States. Most of those occupied housing units are owner-occupied instead of rental properties.

Area Attractions

The community’s proximity to Richmond puts residents close to many state government offices and close to many historical landmarks. Richmond is the oldest major city in the Commonwealth and one of the oldest large cities in the United States. On a practical level, being so close to the city offers an easy commute to major private sector employers like Phillip Morris USA and Capitol One and to the University of Richmond, Virginia Commonwealth University, and Strayer University. Appliance manufacturer Hamilton Beach has its headquarters next door in Glen Allen as well. The community itself is a small residential community with limited facilities, but the larger West End area is close to seven city parks.

Call us for a comprehensive market analysis of your Henrico County property.