Richmond
Branches located in Virginia
About Richmond, Virginia
Welcome to Richmond, the capital city of Virginia, known for its rich history, diverse culture, and vibrant arts scene. As a city that played pivotal roles in both the American Revolution and the Civil War, Richmond offers a unique blend of historical landmarks and modern amenities. The city boasts a variety of neighborhoods, each with its own character, from the historic cobblestone streets of Shockoe Bottom to the trendy shops and eateries in Carytown. Richmond's residents enjoy a multitude of parks, museums, and cultural events, reflecting the city's dynamic and inclusive atmosphere.
Average Home Prices in Richmond
The average home price in Richmond, VA, is approximately $335,618. This figure highlights the city's growing real estate market, offering a variety of options for potential homebuyers. From charming historic homes in the Fan District to modern condos in the downtown area, Richmond caters to diverse preferences and budgets, contributing to its appeal as a desirable place to live and work.
Based on calculations of home data from MLS and/or public records.
Veteran Benefits in Virginia
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Virginia Veterans Homes
Virginia offers veterans homes in Richmond and Roanoke, with new facilities opening in Puller and Virginia Beach. These homes provide care for honorably discharged Virginia resident veterans, with costs based on the individual's ability to pay.
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Virginia Veteran Financial Benefits
Active duty personnel can enjoy up to $15,000 of tax-exempt military basic pay, with additional benefits for retired veterans, including increasing deductions on retirement income. Disabled veterans benefit from a real estate tax exemption on their homes.
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Virginia Veterans Employment Benefits
Virginia provides a 5% test score addition for veterans seeking state employment, with 10% for disabled veterans. Programs like Troops to Trucks facilitate CDL licensing for qualified military personnel.
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Education Benefits
The Virginia Military Survivors and Dependents Education Program offers tuition and fee assistance at state-supported institutions for eligible family members of veterans affected by military service.
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Recreation Benefits
Disabled veterans can access free or discounted hunting and fishing licenses, with state park admission benefits extending to those with 100% VA disability.
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Virginia Veterans Cemeteries
Veterans are entitled to no-cost burial in one of Virginia's three veterans cemeteries, with a nominal fee for eligible family members.
Richmond Neighborhoods and Surrounding Areas
Exploring the neighborhoods of Richmond reveals a city with unique areas each offering its own lifestyle and ambiance. Here are detailed descriptions of 25 neighborhoods in Richmond:
- The Fan: An area known for its historical architecture, vibrant community, and proximity to Virginia Commonwealth University, offering a blend of residential and commercial spaces.
- Shockoe Bottom: A lively district with a rich history, now a center for entertainment and dining, attracting both residents and visitors to its array of restaurants and nightclubs.
- Church Hill: Renowned for its stunning historic homes and panoramic views of the city, Church Hill is a neighborhood where history and modernity meet, offering a quiet yet connected living experience.
- Carytown: This neighborhood is a shopping and dining paradise, famous for its unique boutiques, eclectic restaurants, and the historic Byrd Theatre, all set within a walkable area.
- Scott's Addition: Once an industrial area, Scott's Addition has evolved into a trendy spot known for its craft breweries, loft apartments, and vibrant food scene.
- Jackson Ward: Known as the birthplace of Black entrepreneurship in Richmond, Jackson Ward is a neighborhood steeped in culture, with a strong sense of community and rich artistic expression.
- West End: A diverse area ranging from bustling commercial districts to quiet residential streets, the West End offers a suburban feel with city convenience.
- Northside: Home to diverse architectural styles and a close-knit community vibe, Northside is a choice for those seeking a neighborhood with character and charm.
- Southside: With its affordable housing and scenic outdoor spaces, Southside is popular among families and individuals looking for a quieter pace of life near the city.
- Manchester: A neighborhood in transformation, Manchester combines industrial heritage with modern living, featuring loft apartments, art spaces, and waterfront views.
- Bellemeade: An area experiencing revitalization, Bellemeade is becoming known for its community engagement and green spaces, offering a blend of old and new.
- Bellevue: Characterized by its charming homes and tree-lined streets, Bellevue is a welcoming neighborhood with a strong sense of local identity and community spirit.
- Byrd Park: Adjacent to one of Richmond's beloved parks, this neighborhood offers outdoor recreation, community events, and a variety of housing styles, from historic to modern.
- Carver: A historically significant area close to VCU, Carver has a youthful energy and is known for its cultural diversity, local eateries, and vibrant arts scene.
- Forest Hill: A neighborhood known for its beautiful park, weekly farmers market, and active community association, Forest Hill blends natural beauty with neighborhood camaraderie.
- Fulton: An area with a rich history and a promising future, Fulton is attracting attention for its redevelopment efforts, offering a mix of residential and green spaces.
- Ginter Park: Featuring grand homes and lush gardens, Ginter Park offers a suburban oasis with a historic flair, appealing to those seeking a quieter, more refined lifestyle.
- Highland Park: This historic area is gaining new life with community revitalization efforts, offering a blend of tradition and potential for new residents and investors.
- Laburnum Park: Known for its stately homes and well-manicured lawns, Laburnum Park offers a glimpse into Richmond's past with all the conveniences of modern living.
- Maymont: Home to the Maymont estate and surrounding park, this neighborhood provides a picturesque setting with lush landscapes and a variety of recreational activities.
- Oregon Hill: A tight-knit community with historic charm, Oregon Hill boasts panoramic city views, local dining options, and a strong sense of neighborhood pride.
- Piney Knolls: Known for its family-friendly atmosphere and community focus, Piney Knolls offers a range of homes and easy access to city amenities.
- Randolph: A diverse and vibrant community near VCU, Randolph offers a mix of housing options, community gardens, and an active civic association.
- Rosedale: With its quiet streets and convenient location, Rosedale is a neighborhood that balances accessibility to city attractions with a peaceful living environment.
- Swansboro: This neighborhood is characterized by its community involvement and historic significance, offering a friendly and welcoming environment for its residents.
Military in Virginia
Richmond, while not directly hosting large military bases, is in proximity to several significant installations in Virginia, reflecting the state's deep military roots:
- Fort Lee: Located south of Richmond, Fort Lee is a critical U.S. Army logistics center, providing advanced training and support to the armed forces.
- Defense Supply Center Richmond: DSCR is a key logistics hub for the Department of Defense, supplying a vast array of critical support to U.S. military operations.
Local Universities in Richmond
Richmond's academic scene is vibrant, with institutions offering diverse programs and contributing to the city's intellectual and cultural landscape:
- Virginia Commonwealth University (VCU): A prominent public research university, VCU is known for its arts program, medical school, and active campus life.
- University of Richmond: This private university is recognized for its beautiful campus, strong liberal arts curriculum, and commitment to community service.
VA Loan Benefits in Richmond
Richmond offers numerous advantages for veterans considering homeownership through VA Loans:
- No Down Payment: VA Loans facilitate homeownership for veterans by eliminating the need for a down payment, making it easier to purchase a home.
- Competitive Interest Rates: Veterans benefit from lower interest rates, reducing the overall cost of homeownership.
- No PMI: VA Loans do not require private mortgage insurance, offering additional savings on monthly payments.
MHS Lending specializes in assisting Richmond veterans with VA Loans, providing expert guidance and personalized service to navigate the home-buying process.
