Westover Hills

Richmond, VA

Neighborhood Market Analysis

Q3 2025 Report
$509,950 (June 2025)
Median Home Price
Car-dependent overall, but pockets near Forest Hill Avenue and the river are more walkable.[1]
Walkability Score
Public schools are average to above average; private options are highly regarded.
School Rating

Location Overview

Neighborhood Boundaries

Generally bounded by the James River to the north, Forest Hill Avenue to the south, and stretches between Westover Hills Boulevard and the Powhite Parkway.

Zip Codes

23225

Market Data Summary

Price Range$267,907 (average) to $594,888 (upper median list price, April 2025)
Price per Sq Ft$198 (June 2025)
Inventory LevelsRising inventory in 2025, creating more options for buyers and less competition.[2]

Property Characteristics

Home Types & Architecture

Home Types

Single-family homesTownhomesCondos (limited)

Architectural Styles

Tudor RevivalColonial RevivalCraftsmanCape CodMid-century ranch

Property Details

Typical Lot Sizes0.2 to 0.5 acres
Home Age Range1920s–1960s (with some newer infill)
Construction QualityGenerally high, with many well-maintained historic homes and some modern renovations.

Community Profile

Demographics & Lifestyle

Demographics

Mix of young professionals, families, and retirees. Diverse age groups with a strong sense of neighborhood identity.

Community Vibe

Active, friendly, and engaged. Residents participate in neighborhood associations and local events.

Typical Residents

  • Young professionals
  • Families with children
  • Retirees

Family Friendly

Yes—sidewalks, parks, and community events make it popular with families.

Amenities & Lifestyle

Parks & Recreation

  • Forest Hill Park
  • James River Park System
  • Westover Hills Playground

Dining Options

  • Local coffee shops
  • Casual dining
  • Popular brunch spots

Shopping Centers

  • Shops along Forest Hill Avenue
  • Nearby Stratford Hills Shopping Center

Local Businesses

  • Cafés
  • Boutique shops
  • Fitness studios
  • Service providers

Education & Schools

Public schools are average to above average; private options are highly regarded.
Overall School Rating

Elementary Schools

  • Westover Hills Elementary (outside main boundaries)

Middle Schools

  • Elkhardt-Thompson Middle

High Schools

  • Huguenot High

Private Schools

  • St. Michael’s Episcopal School
  • Sabot at Stony Point

Transportation & Accessibility

Transit & Roads

Public Transit

  • GRTC bus lines along Forest Hill Ave

Major Roads

  • Forest Hill Avenue
  • Westover Hills Boulevard
  • Powhite Parkway

Commute & Walkability

Commute Times10–20 minutes to downtown Richmond by car; 20–30 minutes by bus.
WalkabilityCar-dependent, but walkable pockets near commercial nodes and parks.[1]
ParkingMostly off-street and driveway parking; street parking available but can be limited near commercial areas.

Marketing Intelligence

Target Buyer Types

  • Move-up buyers
  • Young families
  • Remote workers seeking space
  • Retirees downsizing from larger homes

Key Selling Points

  • Historic architecture
  • Active neighborhood association
  • Access to parks and river
  • Strong community vibe

Pricing Considerations

Price competitively given increased inventory; highlight recent upgrades and unique features.

Common Objections & Response Strategies

Objection: Older homes may require maintenance or updates.

Response Strategy:

Highlight recent renovations, home warranties, and the quality of original construction.

Objection: Limited walkability in some areas.

Response Strategy:

Emphasize proximity to parks, local businesses, and the short drive to downtown.

Objection: Flood risk near the river.

Response Strategy:

Provide flood zone maps, discuss mitigation measures, and highlight homes outside flood-prone areas.

Investment Insights

Investment Potential

Appreciation Potential

Moderate; prices have stabilized after rapid growth, but long-term prospects remain positive due to neighborhood desirability.[2][4]

Rental Demand

Steady, especially for single-family homes and renovated properties.

Buyer Competition

Less intense than previous years due to increased inventory, but still competitive for move-in-ready homes.[2]

Best For

  • Families
  • Young professionals
  • Long-term investors

Potential Concerns

  • Older home maintenance
  • Flood risk near river
  • Limited walkability in some areas

Professional Recommendations

1

Emphasize historic charm and community events in marketing materials.

2

Educate buyers on maintenance realities of older homes.

3

Leverage local partnerships for staging and landscaping.

4

Stay informed on flood zone changes and communicate proactively.

5

Highlight access to parks, river, and local businesses in showings.

Competitive Analysis

Comparable Markets

  • Forest Hill
  • Woodland Heights
  • Stratford Hills

Market Positioning

Premium historic neighborhood with strong community and lifestyle appeal.

Competitive Advantages

  • Historic charm
  • Proximity to river and parks
  • Active community association

Price Comparison

Priced above city average but below top-tier neighborhoods like The Fan or Museum District.

Investment Metrics

4–5% for single-family rentals (estimate)
Cap Rates
3–4% gross yield typical for the area
Rental Yields
18–20 (indicative of moderate rental investment potential)
Price-to-Rent
Generally positive for long-term holds, especially with value-add improvements.
Cash Flow
3–5% annual appreciation expected over next 3–5 years barring major market shifts.
Appreciation

Buyer Journey Insights

First-Time Buyers

Accessible entry points exist, but buyers should be prepared for older home quirks and competitive bidding on updated properties.

Move-Up Buyers

Strong appeal due to larger lots, historic homes, and community amenities.

Downsizers

Attractive for those seeking character homes with manageable yards and walkable amenities.

Investors

Best suited for long-term appreciation and value-add strategies; rental demand is steady but not explosive.

Relocators

Popular with those moving from higher-cost markets seeking affordability and lifestyle.

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.

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