Why you may want to live in Richmond
Have you been looking to relocate to a new metro, but just haven't been able to decide the one to call home? Don't worry - it can sometimes be difficult to determine what city is the right fit. However, if you have been looking for a metro with strong employment opportunities, affordable housing and an active community, Richmond could be the right place for you. Check out the homes for sale in Richmond to determine if they offer the qualities you are looking for in a property.
Best river town in America
Outside Magazine recently announced Richmond as the "best river town in America," following a four-week-long competition held on Facebook. People across the nation were asked to vote for the town they felt deserved the title. According to the City of Richmond's official website, the metro received 9,315 votes and beat out nine other competitors. These included Hood River, Oregon, Nevada City, California, Milwaukee, Wisconsin, Asheville, North Carolina, Nashville, Tennessee, Boise, Idaho, Missoula, Montana, Durango, Colorado and Ithaca, New York.
As a result of winning the accolade, Richmond will be featured on the cover of Outside Magazine. The publication has a print circulation of approximately 700,000 and a total audience of more than 2 million. If you're looking for more information about why the magazine and much of its readership chose this city as the best river town in America, consider checking out the publication's feature article.
The state of Richmond housing
According to ALTOS Research, the median price for a single-family home in Richmond was $159,838 on September 28, 2012. The median cost of a property was approximately $95 when broken down by price per square foot. Home Insight reports that houses experience a home price value gain of 8.38 percent between two to five years after the initial purchase.
Residents in Richmond may find the housing prices affordable because the median household income was $46,484 in 2011. This income might continue to rise - since 1990, the median household income has increased by 45.66 percent due to price inflation. According to the source, the relatively low state income tax rate of 5.75 percent allows workers to take home a considerable portion of their paychecks.
Consider visiting Richmond to determine if it offers the qualities you are looking for in a new city.