Median Home Price
$355,756.62
Median Rent
$1,578.37/mo
Price-to-Rent Ratio
18.8
Property Tax RateTIE
0.82%
Price Change (1Y)
+0.2%
Price Change (5Y)
+0.9%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$246,961
Median Home PriceBETTER
$276,692.77
Median RentBETTER
$1,402.5/mo
Price-to-Rent RatioBETTER
16.4
Property Tax RateTIE
0.82%
Price Change (1Y)BETTER
+3.4%
Price Change (5Y)BETTER
+17.2%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$84,982
Key Differences
Home Prices
Richmond's median home price of $355,756.62 is higher than Staunton's $276,692.77 by 29%.
Monthly Rent
Renting in Richmond costs $1,578.37/mo compared to $1,402.5/mo in Staunton—a difference of $175.87/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.