WhereCanIAfford › Richmond, VA › On $200,000

Is Richmond, VA affordable on a $200,000 salary?

YES On $200,000/yr, the typical $399,562 home in Richmond, VA needs $120,038/yr ($2,801/mo). Your gap: +$79,962 — housing would be 16.8% of your gross income.

The math

399,562 price − 10% down (39,956) = 359,606 loan
30-yr fixed at 6.69% on 359,606 = 2,318/mo principal+interest
+ 483/mo est. taxes+insurance (1.45%/yr of value — national placeholder)
2,801/mo PITI ÷ 0.28 = 10,003/mo → 120,038/yr required

against Zillow ZHVI 2026-06 and the 6.69% FRED 30-yr rate (2026-08-06).

What salary WOULD clear Richmond, VA?

You need about $120,038/yr for the typical home. On $200,000 you already clear it by $79,962.

On $175,000? On $225,000? On $250,000?

See the full Richmond, VA affordability breakdown → or every metro you can afford on $200,000 →