Church Hill

Richmond, VA

Neighborhood Market Analysis

Q3 2025 Report
$463,247[4]
Median Home Price
75–85 (Very walkable; most errands can be accomplished on foot)
Walkability Score
Public schools rated C+ to B-; private options available for higher academic performance.[4]
School Rating

Location Overview

Neighborhood Boundaries

Generally bounded by East Broad Street to the south, North 29th Street to the east, East Marshall Street to the north, and North 21st Street to the west. Includes both Church Hill and Church Hill North.

Zip Codes

23223

Market Data Summary

Price Range$350,000–$750,000+ (2024-2025, varies by renovation and lot size)[4]
Price per Sq Ft$275–$350 (2025 estimate, varies by property condition)
Inventory LevelsModerate; new infill and multifamily projects are increasing options, but renovated historic homes remain limited.

Property Characteristics

Home Types & Architecture

Home Types

Historic rowhousesSingle-family detachedDuplexesNew low-rise multifamily

Architectural Styles

FederalVictorianGreek RevivalItalianateContemporary infill

Property Details

Typical Lot Sizes0.05–0.15 acres (urban lots)
Home Age Range1850s–2025 (mix of historic and new construction)
Construction QualityGenerally high for renovated properties; new construction varies but is trending modern and energy-efficient.

Community Profile

Demographics & Lifestyle

Demographics

Population 3,632. Diverse, with a strong presence of young professionals, singles, and established families. Above-average income; 66.9% in executive/management/professional roles. Childhood poverty rate lower than national average.[1][4]

Community Vibe

Trendy, historic, and community-oriented. Mix of long-time residents and newcomers. Active neighborhood associations and local events.[2]

Typical Residents

  • Young professionals
  • Singles
  • Families
  • Retirees
  • Artists/creatives

Family Friendly

Good for families (grade B); parks, playgrounds, and community events. Some concerns about property crime for families with young children.[4]

Amenities & Lifestyle

Parks & Recreation

  • Libby Hill Park
  • Chimborazo Park
  • Jefferson Park

Dining Options

  • The Roosevelt
  • Metzger Bar & Butchery
  • Alamo BBQ
  • Union Market

Shopping Centers

  • Small local markets and boutiques; few national chains

Local Businesses

  • The Roosevelt
  • Soul N’ Vinegar
  • Emerald Lounge
  • Libby Hill Market

Education & Schools

Public schools rated C+ to B-; private options available for higher academic performance.[4]
Overall School Rating

Elementary Schools

  • Chimborazo Elementary

Middle Schools

  • Martin Luther King Jr. Middle

High Schools

  • Armstrong High

Private Schools

  • St. Patrick Catholic School
  • Richmond Waldorf School

Transportation & Accessibility

Transit & Roads

Public Transit

  • GRTC bus lines (multiple stops throughout Church Hill)

Major Roads

  • Broad Street
  • Nine Mile Road
  • Interstate 64 (nearby)

Commute & Walkability

Commute Times6-minute drive or 29-minute walk to Downtown Richmond; 10–20 minutes to major employers.[2]
WalkabilityHigh; most daily needs within walking distance.
ParkingStreet parking is common; new developments may have limited off-street parking. Increased density has led to some parking concerns, especially for long-time residents.[3]

Marketing Intelligence

Target Buyer Types

  • Young professionals
  • Urban families
  • Investors
  • Remote workers

Key Selling Points

  • Historic architecture
  • Walkable lifestyle
  • Thriving local businesses
  • Access to downtown and major employers

Pricing Considerations

Price competitively for renovated homes; new construction can command a premium if parking and amenities are included.

Common Objections & Response Strategies

Objection: Concerns about property crime.

Response Strategy:

Emphasize low violent crime rates, active neighborhood watch, and security upgrades.

Objection: Parking shortages with increased density.

Response Strategy:

Highlight walkability, bike infrastructure, and proximity to public transit. Suggest off-street parking options where available.

Objection: School quality for families.

Response Strategy:

Discuss private and charter school options, and ongoing public school improvement efforts.

Objection: Noise from nightlife and construction.

Response Strategy:

Note that most nightlife closes early; new construction is temporary and brings long-term value.

Investment Insights

Investment Potential

Appreciation Potential

Moderate to high, especially for renovated historic homes and new multifamily units. Zoning changes support future growth.[3]

Rental Demand

Strong; 61% of residents rent. High demand from young professionals and students.[4]

Buyer Competition

Competitive for renovated and historic properties; new construction adds inventory but demand remains high.

Best For

  • Young professionals
  • Investors
  • First-time buyers seeking urban lifestyle
  • Buyers seeking historic charm

Potential Concerns

  • Parking shortages
  • Property crime
  • School quality for families
  • Gentrification impacts

Professional Recommendations

1

Stay current on zoning and development changes to advise clients on future value.

2

Highlight walkability, historic charm, and local businesses in marketing.

3

Prepare buyers for competitive offers and limited parking.

4

Network with local business owners and neighborhood associations to build hyperlocal expertise.

5

Educate buyers on security best practices and available school options.

Competitive Analysis

Comparable Markets

  • The Fan
  • Jackson Ward
  • Manchester

Market Positioning

Trendy, historic, and walkable alternative to pricier Fan District.

Competitive Advantages

  • Historic charm with modern amenities
  • Lower price per square foot than The Fan
  • Closer proximity to downtown than many neighborhoods

Price Comparison

Generally 10–20% less expensive than The Fan; similar to Jackson Ward but with more historic inventory.

Investment Metrics

4.5–5.5% (2025 estimate, varies by property type and condition)
Cap Rates
4–5% gross annual yield for well-maintained units
Rental Yields
~25–28 (reflects strong appreciation and rental demand)
Price-to-Rent
Positive for updated multifamily and well-located single-family rentals; older homes may require higher maintenance.
Cash Flow
5–7% annual appreciation expected over next 3 years, driven by demand and zoning changes.
Appreciation

Buyer Journey Insights

First-Time Buyers

Appealing due to walkability, urban lifestyle, and entry-level price points for condos and smaller rowhouses.

Move-Up Buyers

Can find larger renovated homes or new construction with modern amenities; limited inventory for large families.

Downsizers

Historic condos and smaller homes offer low-maintenance options close to amenities.

Investors

Strong rental demand and appreciation; multifamily and renovated single-family homes are attractive.

Relocators

Proximity to downtown and vibrant community make for an easy transition; diverse housing stock.

This neighborhood analysis was generated using hyperlocal data and AI intelligence.

Neighborhood conditions change - consult with local real estate professionals for the most current information.

Related Market Intelligence

Explore connected markets and opportunities