October's First-Time Homebuyer Report for Chamberlayne Industrial Center

Chamberlayne Industrial Center is a smaller-than-average neighborhood in Richmond that has seen an 11.5% increase in population over the last 10 years. It also has a total population of 505. Chamberlayne Industrial Center is made up of homes that are older than most with a median of 68 years. Topping the list of best schools in the neighborhood is Clark Springs Elementary School.

Price Range

Homes in Chamberlayne Industrial Center are generally less expensive than others in the city with a median home value of $95,553 and an average list price of $159,598.

Typical Dwelling

A three-bedroom detached home valued around $113,475 is considered a typical dwelling in Chamberlayne Industrial Center. If a buyer was looking for a similar home, they would need good credit and a $22,695 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $67 and the property tax rate is $12.69 per $1,000 of taxable assessed value.


Data reported through 10/13/2016

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