WhereCanIAfford › Richmond, VA › On $100,000

Is Richmond, VA affordable on a $100,000 salary?

A STRETCH On $100,000/yr, the typical $397,705 home in Richmond, VA needs $117,252/yr ($2,736/mo). Your gap: $-17,252 — housing would be 32.8% of your gross income.

The math

397,705 price − 10% down (39,771) = 357,934 loan
30-yr fixed at 6.47% on 357,934 = 2,255/mo principal+interest
+ 481/mo est. taxes+insurance (1.45%/yr of value — national placeholder)
2,736/mo PITI ÷ 0.28 = 9,771/mo → 117,252/yr required

against Zillow ZHVI 2026-05 and the 6.47% FRED 30-yr rate (2026-06-18).

What salary WOULD clear Richmond, VA?

You need about $117,252/yr for the typical home. That's $17,252 more than $100,000.

On $75,000? On $125,000? On $150,000?

See the full Richmond, VA affordability breakdown → or every metro you can afford on $100,000 →