NO
On $50,000/yr, the typical $394,521 home in Richmond, VA needs $121,161/yr ($2,827/mo). Your gap: $-71,161 — housing would be 67.9% 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. That's $71,161 more than $50,000.