RealEstateJournal | Richmond Is an Affordable Option Compared to Northeast Real Estate
RealEstateJournal Richmond Is an Affordable Option Compared to Northeast Real Estate:
By Maura Webber Sadovi Special to The Wall Street Journal Online
Richmond, a city that played a pivotal role in the Civil War as capital of the Confederacy during most of its history, is still giving some northern states a run for their money. Located about 100 miles south of Washington D.C. and pricier real-estate markets in the D.C.-New York corridor, the area's relatively affordable housing and lower cost of living has helped attract companies like packaging giant MeadWestvaco Corp., which recently announced plans to relocate its headquarters to the area from Connecticut, bringing an estimated 400 new jobs and giving the Virginia capital bragging rights to a seventh Fortune 500 company headquarters.
This three-bedroom, two-bath Richmond bungalow is on the market for $250,000.
Richmond's third-quarter median home price of $214,500 was in line with the national median of $215,900, but quite a bargain compared to many markets to the north, such as Washington D.C. where the third-quarter median was $441,400, according to the National Association of Realtors.
The area's housing market offers a range of styles including bungalo"
By Maura Webber Sadovi Special to The Wall Street Journal Online
Richmond, a city that played a pivotal role in the Civil War as capital of the Confederacy during most of its history, is still giving some northern states a run for their money. Located about 100 miles south of Washington D.C. and pricier real-estate markets in the D.C.-New York corridor, the area's relatively affordable housing and lower cost of living has helped attract companies like packaging giant MeadWestvaco Corp., which recently announced plans to relocate its headquarters to the area from Connecticut, bringing an estimated 400 new jobs and giving the Virginia capital bragging rights to a seventh Fortune 500 company headquarters.
This three-bedroom, two-bath Richmond bungalow is on the market for $250,000.
Richmond's third-quarter median home price of $214,500 was in line with the national median of $215,900, but quite a bargain compared to many markets to the north, such as Washington D.C. where the third-quarter median was $441,400, according to the National Association of Realtors.
The area's housing market offers a range of styles including bungalo"
posted by Patrick Leblanc at 4:31 PM
<< Home