WhereCanIAfford › Richmond, VA › On $125,000

Is Richmond, VA affordable on a $125,000 salary?

YES On $125,000/yr, the typical $394,521 home in Richmond, VA needs $121,161/yr ($2,827/mo). Your gap: +$3,839 — housing would be 27.1% of your gross income.

The math

394,521 price − 10% down (39,452) = 355,069 loan
30-yr fixed at 6.95% on 355,069 = 2,350/mo principal+interest
+ 477/mo est. taxes+insurance (1.45%/yr of value — national placeholder)
2,827/mo PITI ÷ 0.28 = 10,097/mo → 121,161/yr required

against Zillow ZHVI 2026-08 and the 6.95% FRED 30-yr rate (2026-09-17).

What salary WOULD clear Richmond, VA?

You need about $121,161/yr for the typical home. On $125,000 you already clear it by $3,839.

On $100,000? On $150,000? On $175,000?

See the full Richmond, VA affordability breakdown → or every metro you can afford on $125,000 →