October's First-Time Homebuyer Report for South Garden

The population of South Garden is growing faster than the rest of Richmond, at a 10-year growth rate of 11.1%. It's a larger than average neighborhood compared to the rest of the city, with 2,310 residents. With a median age of 35 years, homes in South Garden tend to be relatively old. The best school in the neighborhood is Clark Springs Elementary School.

Price Range

South Garden has some of the more affordable homes in the city with a median home value of $99,600 and a current average list price of $135,448. More sellers put their homes up for sale in the South Garden market over the last 30 days and the number of new listings shot up this week to four. Home sales remained unchanged from the prior period and once again one home was sold.

Curious as to which homes have been getting the most attention in South Garden? These listings have stirred up interest and produced the most views:

$122K   $179K   $124K  

Typical Dwelling

A three-bedroom detached home valued around $128,205 is considered a typical dwelling in South Garden. If a buyer was looking for a similar home, they would need good credit and a $25,641 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $449 and the property tax rate is $12.69 per $1,000 of taxable assessed value.

Get started right now by checking out South Garden homes for sale or reviewing South Garden real estate trends.


Data reported through 10/13/2016

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