50 - Richmond Homes under $500,000

50 - Richmond Homes under $500,000

Welcome to Richmond, Virginia – a vibrant city steeped in history and brimming with charm! As the capital of the Commonwealth, Richmond is a delightful blend of old-world elegance and modern sophistication. Nestled along the banks of the James River, this dynamic city offers a rich tapestry of culture, arts, and outdoor activities, making it an ideal place to call home.

Richmond City is known for its diverse neighborhoods, each with its own unique character. From the historic architecture of Church Hill to the trendy vibe of Scott’s Addition, there’s a perfect spot for everyone. The city boasts a thriving culinary scene, eclectic shops, and numerous parks, providing residents with endless opportunities for leisure and enjoyment.

For those seeking affordable housing options, Richmond is a treasure trove of homes under $500,000. Whether you're a first-time homebuyer or looking to downsize, you’ll find a variety of charming properties that cater to different tastes and lifestyles. From cozy bungalows to modern townhomes, Richmond's real estate market offers something for everyone without breaking the bank.

With its rich history, vibrant community, and affordability, Richmond is more than just a place to live; it’s a place to thrive. Explore the possibilities of calling this captivating city home, and discover why so many are drawn to its unique charm and endless opportunities. Your dream home in Richmond awaits!

Newest 50 - Richmond Homes under $500,000

1807.5 Gordon Avenue, Oak Grove
$354,950
3 Beds ⋅ 3 Baths ⋅ CVR-2629174 MLS
NEW CONSTRUCTION. MODERN FINISHES. INCREDIBLE VALUE! Why settle for a renovation when you can enjoy brand-new construction? Discover modern living and outstanding value in this newly constructed 3-bedroom, 2.5-bath home, aggressively priced with the potential for immediate equity. Featuring a desirable first-floor primary suite, open-concept living, stylish finishes, and a fully fenced backyard, this home offers the features today’s buyers are looking for. The inviting open floor plan creates a seamless flow for everyday living and entertaining. The kitchen showcases granite countertops, custom tile finishes, and stainless steel appliances. The spacious first-floor primary bedroom features a private en-suite bathroom, offering comfort and convenience. Two additional bedrooms provide flexible space for guests, a home office, or other needs. Enjoy outdoor living on the covered front porch with ceiling fans, or relax and entertain in the fully fenced backyard. Off-street parking adds convenience, while durable HardiePlank siding and two-zone central heating and air conditioning provide additional appeal. Enjoy a convenient location less than 2 miles from Old Town Manchester, the James River Park System, and Downtown Richmond. Quick access to I-95 and the Downtown Expressway makes commuting and exploring the Richmond area easy. Located in a quiet neighborhood with community parks and gardens, this home combines modern construction, functional design, and convenient city access. New construction, sought-after features, and an attractive price point make this a must-see opportunity. Schedule your showing today!

1807.5 Gordon Avenue, Oak Grove
3461 Pond Alley, Richmond
$297,950
3 Beds ⋅ 3 Baths ⋅ CVR-2629159 MLS
READY SPRING 2027! ACT SOON - You still have time to personalize your home by selecting design finishes. Come home to the Barton C, a designer townhome created for easygoing days and memorable moments together. With a private, paved parking pad and an open-concept main level, convenience is built right in. The oversized kitchen island becomes a natural gathering place for casual meals, conversation and entertaining, while the spacious family room invites you to settle in and relax. Step outside to the patio for even more room to enjoy your day. Upstairs, the Primary Suite offers a relaxing escape with a walk-in closet and private bath, while two additional bedrooms, a full bath and laundry complete this thoughtfully designed home. Welcome to Kinwick, a brand-new community, nestled just inside the City of Richmond. Kinwick seamlessly integrates into its surroundings, embracing the essence of its location while preserving the area's natural beauty. Residents will enjoy a variety of community amenities, including a tranquil pond and well-maintained sidewalks that wind through the neighborhood. The central common area, a charming park, serves as the heart of the community, fostering a sense of community and connectivity among homeowners. Townhome is under construction - Photos are from builder's library and shown as an example only (colors, features and options will vary).

3461 Pond Alley, Richmond
3457 Pond Alley, Richmond
$297,450
3 Beds ⋅ 3 Baths ⋅ CVR-2629156 MLS
READY THIS SPRING! ACT SOON - Purchaser still has time to personalize their home by selecting design options. Welcome to the Gates F - a modern townhome with PRIVATE PAVED PARKING PAD, designed for comfort and effortless living. This thoughtfully crafted floor plan offers 3 bedrooms and an open-concept main level perfect for everyday living and entertaining. The kitchen flows seamlessly into the dining area and family room, creating a bright, inviting space where everyone can gather. A spacious pantry provides convenient storage and the center island adds even more functionality. Upstairs, you'll find your Primary Suite with walk-in closet and ensuite bath. Two secondary bedrooms, a shared bath and laundry closet complete the tour! Enhance your lifestyle with optional outdoor living features, including a patio for relaxing or grilling and an attached storage shed for added convenience. Welcome to Kinwick, a brand-new community, nestled just inside the City of Richmond. Kinwick seamlessly integrates into its surroundings, embracing the essence of its location while preserving the area's natural beauty. Residents will enjoy a variety of community amenities, including a tranquil pond and well-maintained sidewalks that wind through the neighborhood. The central common area, a charming park, serves as the heart of the community, fostering a sense of community and connectivity among homeowners. Townhome is under construction - Photos are from builder's library and shown as an example only (colors, features and options will vary).

3457 Pond Alley, Richmond
3449 Pond Alley, Richmond
$297,950
3 Beds ⋅ 3 Baths ⋅ CVR-2629149 MLS
MOVE-IN SPRING 2027! ACT SOON - Purchaser still has time to personalize their home by choosing design finishes. Welcome to the Gates E, a modern townhome designed for comfortable, effortless living. Private paved parking adds everyday convenience, while the open-concept main level creates an inviting setting for everything from quiet mornings to gathering with friends and family. The kitchen flows seamlessly into the dining area and family room and features a spacious pantry, with a center island for even more prep and gathering space. A wonderful patio space is just off the main living area. Upstairs, retreat to the spacious Primary Suite with a walk-in closet and private ensuite bath. Two additional bedrooms, a shared bath and conveniently located laundry complete this thoughtfully designed home. Welcome to Kinwick, a brand-new community, nestled just inside the City of Richmond. Kinwick seamlessly integrates into its surroundings, embracing the essence of its location while preserving the area's natural beauty. Residents will enjoy a variety of community amenities, including a tranquil pond and well-maintained sidewalks that wind through the neighborhood. The central common area, a charming park, serves as the heart of the community, fostering a sense of community and connectivity among homeowners. Townhome is under construction - Photos are from builder's library and shown as an example only (colors, features and options will vary).

3449 Pond Alley, Richmond
3441 Pond Alley, Richmond
$300,950
3 Beds ⋅ 3 Baths ⋅ CVR-2629144 MLS
READY THIS SPRING! ACT SOON - Purchaser still has time to personalize their home by selecting design options. Welcome to the Gates - a modern townhome with PRIVATE PAVED PARKING PAD, designed for comfort and effortless living. This thoughtfully crafted floor plan offers 3 bedrooms and an open-concept main level perfect for everyday living and entertaining. The kitchen flows seamlessly into the dining area and family room, creating a bright, inviting space where everyone can gather. A spacious pantry provides convenient storage and the center island adds even more functionality. Upstairs, you'll find your Primary Suite with walk-in closet and ensuite bath. Two secondary bedrooms, a shared bath and laundry closet complete the tour! Enhance your lifestyle with optional outdoor living features, including a patio for relaxing or grilling and an attached storage shed for added convenience. Welcome to Kinwick, a brand-new community, nestled just inside the City of Richmond. Kinwick seamlessly integrates into its surroundings, embracing the essence of its location while preserving the area's natural beauty. Residents will enjoy a variety of community amenities, including a tranquil pond and well-maintained sidewalks that wind through the neighborhood. The central common area, a charming park, serves as the heart of the community, fostering a sense of community and connectivity among homeowners. Townhome is under construction - Photos are from builder's library and shown as an example only (colors, features and options will vary).

3441 Pond Alley, Richmond
3433 Pond Alley, Richmond
$300,950
3 Beds ⋅ 3 Baths ⋅ CVR-2629137 MLS
READY SPRING 2027! ACT SOON - You still have time to personalize your home by selecting design finishes. Welcome to the Barton designer END UNIT townhome, offering a private, paved parking pad along with a large open floor plan and a beautiful kitchen situated in the heart of your home. The oversized kitchen island acts as the centerpiece, where friends and family gather, and the pantry provides excellent storage. Just steps away, a spacious family room invites relaxation and the ideal place for hosting. Expand your living area outdoors to the patio space just off the family room. Upstairs, you'll find the primary suite complete with walk-in closet and private bath with shower, ensuring a restful end to your day. Two additional bedrooms, a full bath and laundry closet completes the tour! Welcome to Kinwick, a brand-new community, nestled just inside the City of Richmond. Kinwick seamlessly integrates into its surroundings, embracing the essence of its location while preserving the area's natural beauty. Residents will enjoy a variety of community amenities, including a tranquil pond and well-maintained sidewalks that wind through the neighborhood. The central common area, a charming park, serves as the heart of the community, fostering a sense of community and connectivity among homeowners. Townhome is under construction - Photos are from builder's library and shown as an example only (colors, features and options will vary).

3433 Pond Alley, Richmond
3745 Grubbs Lane, Richmond
$335,000
4 Beds ⋅ 3 Baths ⋅ CVR-2629019 MLS
Welcome to 3745 Grubbs Lane, a charming Cape Cod that combines classic character with thoughtful updates. From the inviting exterior and new driveway to the spacious yard and mature trees, this home offers plenty to love inside and out. Step inside to find beautiful hardwood floors, bright living spaces, and arched details that add to the home’s charm. The updated kitchen features new cabinets, countertops, and appliances, ready for your everyday meals and entertaining. The home will also offer two full bathrooms with updated finishes. Major improvements include a new roof, new windows, new plumbing, new ductwork, and a new electric water heater. An additional room provides flexible space for a home office or other needs. The unfinished basement offers room for storage, hobbies, or a workshop. Outdoors, enjoy the covered porch and spacious yard—perfect for relaxing or gathering with friends. Schedule your showing and come see everything this updated home has to offer!

3745 Grubbs Lane, Richmond
3731 Canterbury Hills Road Unit B, Richmond
$263,990
3 Beds ⋅ 2 Baths ⋅ CVR-2628777 MLS
Get up to $11,000 toward closing costs. Want to move in 2026? Own for Less Than Rent – Priced in the $200s! This home features a deck with a private backyard and still city access. This is a rare opportunity to transition from renting to homeownership with a brand-new condominium in the City of Richmond, offering a monthly payment that may be less than rent. The popular Chestnut floor plan features 3 bedrooms, 2 full bathrooms, and 1108 square feet of thoughtfully designed, single-level living. The open-concept design includes stainless steel appliances, upgraded cabinetry, and an included washer and dryer for move-in-ready convenience. Waterproof flooring is included throughout all common areas and bathrooms, while a private covered patio extends your living space outdoors. Enjoy the benefits of low-maintenance living in a modern new home. Conveniently located in South Richmond near Boushall Middle School, this community provides easy access to major highways, downtown Richmond, shopping, dining, and key employment centers. Enjoy the advantages of city living while building equity in a new construction home—an increasingly rare opportunity at this price point. Ideal for first-time homebuyers, downsizers, or anyone seeking an affordable path to homeownership, this end-unit home represents the best value in Greater Richmond's new construction market.

3731 Canterbury Hills Road Unit B, Richmond
4633 Jervie Drive, Richmond
$237,500
2 Beds ⋅ 1 Baths ⋅ CVR-2628389 MLS
Charming Cottage Living on a Quiet Cul-de-Sac in South Richmond! Welcome to 4633 Jervie Drive, where classic charm, comfortable living, and everyday convenience come together! Nestled on a peaceful cul-de-sac, this inviting 2-bedroom, 1-bath cottage offers the ease of single-level living on a spacious, level lot of approximately one-third of an acre. A paved driveway and welcoming front porch create an inviting first impression, offering the perfect spot to enjoy your morning coffee or unwind after a long day. Inside, beautiful hardwood floors add warmth and character to the main living areas, creating a comfortable and welcoming atmosphere. The bright kitchen features stainless steel appliances that convey, providing everyday convenience and functionality. Two bedrooms offer comfortable accommodations, with flexibility to suit a variety of needs. Step outside to discover a generously sized, fenced backyard offering plenty of possibilities for outdoor entertaining, gardening, pets, or simply enjoying the outdoors. The level lot provides ample room to relax, play, or host weekend cookouts. Conveniently situated across from Broad Rock Elementary School and near Broad Rock Sports Complex, neighborhood parks, and recreational opportunities along the James River, this location offers easy access to everyday amenities. Nearby Chippenham Parkway and I-95 provide convenient connections to downtown Richmond, Manchester, shopping, dining, and entertainment. With its charming character, spacious outdoor setting, and convenient South Richmond location, this home offers a wonderful opportunity to enjoy comfortable, single-level living. Schedule your private showing today!

4633 Jervie Drive, Richmond
1802 Maury Street, Richmond
$275,000
3 Beds ⋅ 2 Baths ⋅ CVR-2628262 MLS
Welcome to Blackwell, where Richmond city living meets the comfort of a home with room to make your own! This well-maintained, move-in-ready two-story home offers three bedrooms, two bathrooms, flexible living space, and inviting outdoor areas, all just minutes from downtown Richmond. Inside, tall ceilings and abundant natural light create a welcoming feel. The kitchen features granite countertops, stainless steel appliances, ample cabinetry, and an eat-in area. A first-floor bedroom provides the flexibility to create a home office, guest room, or hobby space, while the spacious living room offers plenty of room to relax. Upstairs, two generously sized bedrooms with ample closet space share a full bathroom. Step outside to enjoy the large front porch or unwind on the spacious back deck overlooking the rear yard. A privacy fence offers an added sense of seclusion, while the detached storage shed provides extra room for tools and outdoor equipment. Located near Old Town Manchester, local restaurants, nightlife, Forest Hill Park, Charlie Sydnor Playground, and the James River Park System, this home also offers convenient access to downtown Richmond and major interstates. If you’re looking for a comfortable home in a convenient Richmond location with space to live, work, and relax, this Manchester gem is worth a look!

1802 Maury Street, Richmond
3108 Bashford Lane, Richmond
$200,000
4 Beds ⋅ 1 Baths ⋅ CVR-2628180 MLS
Sold As-is. Estate Sale. Submit offers to listing agents via email. Corner lot. Fenced yard. oversized garage. Some updating done. Newer HVAC. Easy show use sentri lockbox . now vacant and mostly empty

3108 Bashford Lane, Richmond
2108 Ridgemont Road, Richmond
$255,000
3 Beds ⋅ 1 Baths ⋅ CVR-2628113 MLS
Charming Brick Rancher with Modern Updates and a Fully Fenced Yard! Welcome home to this well-maintained 1,014-square-foot brick rancher offering comfort, style, and convenience! Featuring 3 spacious bedrooms and a fully renovated full bathroom, this inviting home combines classic brick charm with thoughtful updates throughout. Enjoy beautiful new laminate hardwood flooring throughout the home, along with newer kitchen appliances that make everyday living a breeze. Step outside to discover a brand-new rear deck, perfect for relaxing, entertaining, or enjoying your outdoor space. The fully fenced yard offers added privacy and room to play, garden, or host gatherings. Enjoy peace of mind with major updates already taken care of, including an HVAC system approximately 3 years old, a water heater just 1 year old, and a roof approximately 7 years old. Conveniently located near McGuire Veterans Affairs Medical Center, this home is a wonderful opportunity for first-time buyers, downsizers, or anyone seeking a well-cared-for home with valuable updates. Move-in ready and full of potential, this charming brick rancher is ready to welcome you home!

2108 Ridgemont Road, Richmond
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