Richmond Homes under $500,000

Richmond Homes under $500,000

Welcome to Richmond, Virginia – a city that beautifully blends history, culture, and modern living. Nestled along the banks of the James River, Richmond is renowned for its rich Civil War history, vibrant arts scene, and a diverse culinary landscape that ranges from farm-to-table eateries to trendy coffee shops. With its charming neighborhoods, historic architecture, and lush parks, Richmond is an ideal place for families, young professionals, and retirees alike.

One of the most appealing aspects of Richmond is its accessibility to affordable housing. For those searching for homes under $500,000, the city offers a variety of options that cater to different lifestyles and preferences. From quaint bungalows in the historic Fan District to contemporary townhomes in the bustling Scott’s Addition, there’s something for everyone. Richmond’s real estate market is thriving, making it a perfect time to invest in a home that meets your needs without breaking the bank.

Richmond’s neighborhoods are not only affordable but also rich in community spirit. Each area has its unique character, from the vibrant atmosphere of Carytown with its eclectic shops and restaurants to the serene, tree-lined streets of Westover Hills. The city's commitment to green spaces and outdoor activities, including the scenic trails along the James River, enhances the quality of life for residents.

Whether you’re a first-time homebuyer or looking to downsize, Richmond’s housing market under $500,000 offers a wealth of opportunities. Discover your dream home in this charming city where history meets modern living, and experience the warmth of a community that welcomes you with open arms.

Newest Richmond Homes under $500,000

609 Jackson Avenue, Richmond
$325,000
3 Beds ⋅ 2 Baths ⋅ CVR-2627047 MLS
Renovated Cape Cod with an Unbeatable Location! Beautifully updated and thoughtfully renovated, this charming Cape Cod-style home is perfectly positioned along the border of Henrico County and the City of Richmond, offering the best of both worlds—easy access to Downtown Richmond and the convenience of Henrico County schools and much cheaper property taxes. Step inside to a bright, inviting interior featuring a desirable open-concept layout, refinished hardwood floors, fresh interior paint, and beautiful new lighting throughout. 3 bedrooms with 2 full bathrooms. The stunning renovated kitchen is the heart of the home, showcasing crisp white cabinetry, gorgeous quartz countertops and brand new stainless steel appliances. Both bathrooms have been beautifully updated with gorgeous tile work and contemporary finishes. Detailed molding throughout the home adds an extra touch of character and elegance. Outside, maintenance-free vinyl siding and replacement windows provide lasting curb appeal and peace of mind. With its classic Cape Cod charm, extensive updates, and strategic location just minutes from Downtown Richmond, this home offers a rare combination of style, convenience, and value. Whether you're commuting to the city or enjoying everything the Richmond area has to offer, this is a home you'll want to see!

609 Jackson Avenue, Richmond
2311 T Street, Richmond
$250,000
2 Beds ⋅ 1 Baths ⋅ CVR-2626961 MLS
COMPLETELY RENOVATED COTTAGE-BUNGALOW/MOVE-IN READY!!! Welcome to this beautifully renovated 2-bedroom, 1-bath home, in the Peter Paul neighborhood. Thoughtfully updated throughout, this charming home offers modern finishes, comfortable living spaces, and low-maintenance outdoor living. Step inside from the inviting front porch into a bright interior featuring high ceilings, skylights, recessed lighting, and durable LVP flooring. The spacious bedrooms offer generous closet space, while a dedicated laundry closet accommodates a stackable washer and dryer. The beautifully renovated custom kitchen is a standout, featuring white cabinetry, granite countertops, and stainless-steel appliances. The updated full bathroom offers a custom-tiled shower and stylish contemporary finishes. The rear of the home opens to a private deck and fenced backyard, providing a versatile outdoor space for relaxing, entertaining, gardening, or creating your own urban oasis. The gravel yard offers easy maintenance, while rear alley access adds convenience. Ideally located near The Market at 24th, with easy access to Church Hill, downtown Richmond, VCU, restaurants, parks, shopping, and entertainment. Convenient access to I-64, I-95, and major roadways makes commuting throughout the Richmond area. This charming home is ready it for you to move in and make it your own. Schedule your showing today!

2311 T Street, Richmond
17 Evergreen Avenue, Richmond
$200,000
3 Beds ⋅ 1 Baths ⋅ CVR-2627026 MLS
**Excellent Investor Opportunity**Property Sold AS, Previous tenant just moved out. Owner will offer Owner financing with 10 percent down, attractive interest rates below market!

17 Evergreen Avenue, Richmond
6231 Swanson Road, Richmond
$499,950
3 Beds ⋅ 3 Baths ⋅ CVR-2627025 MLS
Verify Schools with School Board. Verify taxes with the Treasurer. Goldfish pond in the rear yard amidst flower and plant gardens. Tranquil sitting area with bridge over the fishpond. Two waterfalls in the rear yard. Outdoor Kitchen for warmer weather enjoyment. Storage shed, paved driveway, fenced rear yard, guest building with another BR, closet, and bath, firepit, walk-in closets, sitting room, mostly wood and ceramic tile floors. The sitting room and exercise room have carpet. Updated: kitchen, and all three baths. Retractable wide screen TV in the kitchen along with an island. All appliances convey. Knotty pine wall in one BR.

6231 Swanson Road, Richmond
7564 Ingelnook Court, Richmond
$299,950
3 Beds ⋅ 3 Baths ⋅ CVR-2626948 MLS
HUGE IMPROVED PRICE REDUCTION Step into this end unit townhome with updated amenities bringing an older built home to new construction standards. As you approach the entrance to the home, you will notice a small private courtyard area that preserves the privacy of the home. Entering the home, you will find LVP flooring throughout the first level. You will also find a small foyer with large coat closet. To the left, you will find the primary bedroom with ensuite and large walk-in closet. Head to the new modern kitchen with granite countertops, like new appliances, new cabinetry, double sink with disposal, a kitchen made for easy meal preparation and easy flow from one room to another. The living room boasts a beautiful built in-bookcase perfect for those who love to read or collect books and games The space also has a sliding glass door that leads out to the deck. Heading down the hall you will find an additional bedroom with closet space and a hall bathroom with some recent upgrades! Head downstairs, where you will find a 3rd bedroom with closet space, an additional spacious, full hall bathroom, and additional family room with gas fireplace and large walk-in closet, full bath that could be used as a 4th bedroom. All rooms downstairs have LVP flooring.

7564 Ingelnook Court, Richmond
2832 Eagle Trace Terrace, Richmond
$350,000
3 Beds ⋅ 2 Baths ⋅ CVR-2627006 MLS
2832 Eagle Trace Ter is a two-story Richmond home with a finished lower level and comfortable living spaces. The kitchen features white cabinetry, stainless steel appliances, and counter space, creating a well-equipped space for cooking and entertaining. Sliding glass doors connect the main living area to the deck, and a second living space near the stairs adds flexibility. Three bedrooms, a full bathroom with a tub and shower combination, and a separate half bathroom complete the interior. The finished lower level provides additional room for recreation or work. The deck extends the living space outdoors, creating ample room for relaxation and entertaining. This residence combines practical design with comfortable living spaces, delivering functional amenities throughout every room. Included 100-Day Home Warranty with buyer activation

2832 Eagle Trace Terrace, Richmond
22 E 31st Street, Richmond
$299,000
3 Beds ⋅ 2 Baths ⋅ CVR-2626759 MLS
Beautifully updated 3-bedroom, 1.5-bath home offers the perfect blend of modern finishes and everyday convenience. The completely renovated kitchen features stylish cabinetry, granite countertops, and new stainless steel appliances. New windows fill the space with natural light, while new flooring and remote ceiling fans throughout create a fresh, cohesive feel. New 200 amp electrical, dual Hvac system, new plumbing, new roof and 3 car parking in the back yard.Relax on the inviting new front porch or entertain family and friends on the new rear deck overlooking the backyard. Conveniently located just minutes from parks, James river, local dining like Crossroads Coffee & Janet's Bakery, shopping, VCU, and downtown. This move-in-ready home offers easy access to everything Richmond has to offer. Don't miss your opportunity to own this beautifully updated home. Backyard has new fence for your privacy. SELLER OFFERING UP TO $10.000 TOWARDS BUYER'S CLOSING COSTS WITH ACCEPTABLE OFFER!

22 E 31st Street, Richmond
2900 Seminary Avenue, Richmond
$474,900
4 Beds ⋅ 2 Baths ⋅ CVR-2626687 MLS
This delightful two-story Dutch Colonial is located in Richmond’s beloved Northside. It has 4 bedrooms, 2 bathrooms and 1,440 square feet. The first floor features a spacious sun-filled living room with recessed lighting, fireplace and hardwood floors. The dining room offers a large space with chandelier, breakfast bar and hardwood floors. The updated kitchen has bright white cabinetry, granite countertops, tile backsplash, undermount sink, stainless faucet, dishwasher, disposal, refrigerator, gas range, microwave and pendant lighting. An updated bathroom is conveniently located on the first floor, as well. The second floor has 4 bedrooms with hardwood floors and a full updated bathroom with classic black & white tile. The unfinished basement is where you’ll find the clothes washer & dryer and extra storage space. Outdoor amenities include a screened porch to entertain friends & neighbors, mature landscaping, a 2nd story balcony overlooking the fenced backyard and a large level lot perfect for pets and outdoor games. This home features replacement windows, custom roller shades and two heat pumps for comfort and efficiency. You can’t beat the convenient location just minutes from downtown Richmond. Scott’s Addition and CarMax Park are just around the corner. This recently renovated and cheerful Northside home has fantastic curb appeal and charm. Make it yours today.

2900 Seminary Avenue, Richmond
520 N 27th Street, Richmond
$389,900
2 Beds ⋅ 2 Baths ⋅ CVR-2626806 MLS
*A 1910 CHURCH HILL HOME THAT HAS STOOD THE TEST OF TIME *Located on a Picturesque Block of 27th Street, Within a 5–10-Minute Walk of Sub Rosa Bakery, The Roosevelt, Chimbo Sandwich Shoppe & Union Market *Welcoming Covered Front Porch *An Architect-Guided 2014 Renovation Transformed a Chopped-Up First-Floor Plan to Create Function and Flow *Living Room with Wood Floors + Built-In for Books or Collectibles *Remodeled and Reconfigured Eat-In Kitchen with Side-Door Access to the Yard for Easy Grilling and Outdoor Entertaining *1st-Floor Primary Bedroom with Full Bath *A True 1st-Floor Laundry Room—Not a Laundry Closet *Upstairs, a Self-Contained 2nd Primary Suite with NEW Carpet, Bedroom, Full Bath + Flexible Loft *Use the Loft as a 2nd Entertainment Space or Frame It to Create a Potential 3rd Bedroom *Improvements: First-Floor Roof, New Walls, Interior Doors & Flooring (2014) *Attic & Crawl-Space Insulation (2014) *Second-Story Roof (2015) *Range & Oven (2016) *HVAC (2018) *Front Porch Roof (2021) *Lead Water Service Line from City Meter Replaced (2022) *Crawl-Space Vapor Barrier & Insulation (2023) *Picket Fence (2024) *Backyard Shed (2025) *Rear Decking Replaced (2025) *NEW Carpet (2026) *Step Outside to Charming Picket-Fenced Front & Rear Yards *The Rear Yard Has Been Reimagined with the Touch of a Master Gardener to Create a Natural Setting Filled with Color and Designed for Easy Maintenance

520 N 27th Street, Richmond
6518 Jessup Road, Richmond
$370,000
4 Beds ⋅ 3 Baths ⋅ CVR-2626192 MLS
Welcome to this beautifully renovated home situated on a spacious half-acre lot at 6518 Jessup Road! Offering complete peace of mind, this home features a brand-new roof, new low-maintenance vinyl siding, new vinyl windows, and a newly built back stoop and stairs. Step inside to a bright and inviting interior highlighting brand-new light fixtures including recessed lighting, fresh paint throughout, stylish Luxury Vinyl Plank (LVP) flooring on the main level, and plush new carpet upstairs. With a new open floor plan, the updated kitchen boasts white cabinetry, durable granite countertops, and modern stainless steel appliances. Everything about this open space invites you to entertain family and guests alike. Designed for effortless living and entertaining, the oversized Great Room offers exceptional space and comfort. The focal point is a handsome brick, wood-burning fireplace this is ideal for gathering with guests or unwinding by a cozy fire on cool evenings. All bathrooms have been thoughtfully modernized with new vanities and toilettes including the primary bedroom ensuite, which features a custom tiled shower. New cabinet and door hardware make this wonderful home sleek and stylish. Outside, enjoy the privacy of the large lot and the convenience of a 2-car detached garage which is perfect for parking, storage, or a workshop. Move-in ready and waiting for YOU!

6518 Jessup Road, Richmond
7539 Cherokee Road, Richmond
$445,000
3 Beds ⋅ 2 Baths ⋅ CVR-2626951 MLS
Welcome home to this well-maintained 3-bedroom, 2-full-bathroom ranch, offering just over 1,600 square feet of inviting, single-level living in one of Richmond's most convenient pockets. Tucked on a wooded rear lot that offers wonderful privacy, this home is a true gem for buyers looking for comfort, character, and location all in one package. Step inside to find beautiful hardwood floors flowing throughout the main living areas, adding warmth and timeless appeal. The kitchen is both stylish and functional, featuring granite countertops, white cabinets and cozy breakfast area that makes meal prep and entertaining a pleasure. A separate laundry room adds everyday convenience that's hard to find in homes of this style. This home has been thoughtfully maintained with major updates already taken care of for you: windows were replaced in 2016, the HVAC system was updated in 2019, and the washer purchased in 2025 — giving buyers added peace of mind for years to come. Outside, you'll find a detached brick carport with an attached storage shed, offering covered parking plus extra space for tools, outdoor gear, or hobby storage. The wooded rear lot creates a private, peaceful backdrop that's perfect for relaxing or entertaining outdoors, away from the hustle and bustle. Location is everything, and this one delivers. You're just minutes from Trader Joe's and Stella's Market for grocery runs, Gelati Celeste for a sweet treat, and Pony Pasture — one of Richmond's beloved riverside parks — for hiking, kayaking, and enjoying the James River. With its blend of classic ranch charm, recent updates, and an unbeatable location near some of Richmond's favorite local spots, 7539 Cherokee Rd is ready to welcome its next owner home.

7539 Cherokee Road, Richmond
111 Damascus Drive, Richmond
$319,000
4 Beds ⋅ 4 Baths ⋅ CVR-2626858 MLS
4 BEDROOM RANCHER WITH SUNROOM 2 FULL 1 HALF BATH, OVER 2100 SQ FT. PLUS OVER 1400 SQ FT IN BASEMENT.PROPERTY NEEDS WORK. THERE IS ACTIVE MOLD IN BASEMENT AT THIS TIME.

111 Damascus Drive, Richmond
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