Richmond, Virginia Information
Richmond is the fourth-largest city in Virginia and the capital of the state. The metropolitan area is home to over a million people, though the city itself is home to just over 223,000. This Virginian city is affordable, yet is home to a variety of Fortune 500 companies.
Richmond, Virginia Details
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.
Highly recommend Keyrenter! As homeowners self-managing our property, we found ourselves struggling to find tenants in the off-season. Calvin and Ashley went above and beyond to ensure the house was in the best condition possible and worked tirelessly to ensure we found the perfect tenants.
J'Tanya I., Satisfied Client
Keyrenter is very organized. I have had several problems with my condo, and Keyrenter has been on top of everything. I can’t say enough good things about the company.
Steve S., Satisfied Client
I'm absolutely delighted with how easy Keyrenter made everything for me. From start to getting a renter into my house, it's all been convenient and simple. Great company, great service, great people!
Lorrie M., Satisfied Client
I happened to stumble over Keyrenter Property Management after being jostled around by multiple property management companies. Not being from Richmond made finding a home even more difficult and Keyrenter was amazing in this process. The communication is great and Calvin and his team have been more than accommodating to my family and I. I would give this 10 stars if I could. Highly recommended.
Zach & Hannah B., Satisfied Tenant
Comprehensive Management and Maintenance Solutions
As a leader in the local property management industry in Virginia, Keyrenter Richmond helps owners of houses and apartments find relief from landlord responsibilities. We are a reliable and trusted business that uses traditional and innovative strategies to get real results for our clients. We know that maintaining properties and dealing with tenants can be a huge sink that detracts from the value of your real estate investment. We offer complete management services, so you don’t have to do do anything to reap the rewards from renting your properties.
Advanced Marketing and Tenant Relations
The key to success in property management is finding quality tenants and keeping them interested in the property. We are very confident in our advertising and marketing practices, which allows us to offer you our Tenant Guarantee. If the first tenant isn’t in place for at least six months, we will put it a replacement at no charge to you. The Keyrenter Richmond team of professionals are experts at problem solving and conflict resolution. We respond quickly to your concerns, as well as those of your tenants. Keeping residents satisfied with well-maintained properties ensures a prosperous relationship for all parties involved.
Optional Eviction Guard®
Our clients can also take advantage of Eviction Guard®, an optional service that protects you in the event of an eviction. For a small monthly fee, the program covers financial loss associated with court and filing fees that result from an eviction. Many property owners have saved money and a lot of stress with this service.
PROVEN AND TRUSTED