Homebuying is most affordable in these 3 Central Virginia locales: Redfin.com
VENN
(STACKER) -- Three Central Virginia locales are among the most affordable places to buy a home anywhere in the state, according to Redfin.com.
Homeownership is something many strive to achieve -- although it's far easier said than done. But affordable pockets still exist. Virginia residents can comfortably spend around 30% of their income or less on housing in some parts of the Commonwealth, which is widely considered the affordable threshold.
Redfin Real Estate ranked the most affordable places across Virginia based on their local payment-to-income ratios.
These locales were then compiled into a top-20 list by Stacker -- and three Central Virginia localities are among them. More than that, a Richmond-area county came in first place.
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Keep scrolling to see where Central Virginia's most affordable homes can be found.
#11. Short Pump, Henrico County
- Payment to income ratio: 39.5%
- Median sale price: $681,701
- Median household income: $132,194
- Income needed to buy: $174,081
- Median monthly mortgage payment: $4,352
See homes for sale in Short Pump by visiting Redfin.com
#10. Tuckahoe, Henrico County
- Payment to income ratio: 39.4%
- Median sale price: $495,224
- Median household income: $96,188
- Income needed to buy: $126,462
- Median monthly mortgage payment: $3,162
See homes for sale in Tuckahoe by visiting Redfin.com
#1. Mechanicsville, Hanover County
- Payment-to-income ratio: 31.3%
- Median sale price: $398,399
- Median household income: $97,569
- Income needed to buy: $101,736
- Median monthly mortgage payment: $2,543
- Original statewide ranking: #1
See homes for sale in Mechanicsville by visiting Redfin.com
All data is an average for the January through October 2025 period. To see the most affordable cities in the country, read this recent Redfin article.
