by Daniel Yoon | eXp Realty | Richmond, Virginia
Church Hill is Richmond’s oldest neighborhood and its most dynamic real estate story. Historic homes from the 1800s sit next to fully renovated properties and new construction. Prices range from $200,000 for unrenovated row houses to $600,000+ for turnkey renovations. If you want character, appreciation potential, and proximity to downtown, Church Hill delivers all three.
The Two Sides of Church Hill
North Church Hill (Above Broad Street)
More developed and more expensive. Union Hill, Fairmount, and St. John’s Church areas have seen significant renovation. Restaurants, coffee shops, and boutiques along 25th Street and Marshall Street. Prices: $350,000 to $600,000+ for renovated homes.
South Church Hill (Below Broad Street)
Fulton Hill and Montrose Heights. Earlier in the revitalization cycle. More affordable entry points: $200,000 to $350,000. Higher appreciation potential but some blocks are still transitioning. Do your homework on specific streets.
Home Prices in 2026
- Unrenovated row houses: $180,000 to $300,000
- Partially renovated: $280,000 to $400,000
- Fully renovated: $400,000 to $600,000+
- New construction: $400,000 to $550,000
For Investors
Church Hill is one of Richmond’s best investment plays. Properties purchased 5 years ago have appreciated 35% to 50%. Rental demand is strong from young professionals drawn to the restaurants, walkability, and proximity to downtown. Gross yields: 6% to 8% on renovated rentals.
What to Watch Out For
- Block-by-block variation is significant. Tour at different times of day.
- Historic district restrictions apply to exterior changes in some areas.
- Some unrenovated homes need $50,000 to $100,000+ in work. Get contractor estimates before buying.
- Parking is street-only in most areas. No garages.
FAQs
Is Church Hill a good place to buy in Richmond?
Yes, especially for buyers who want character, walkability, and appreciation potential. It is one of the fastest-appreciating neighborhoods in the metro. Block selection matters, so work with an agent who knows the area.
Is Church Hill safe?
Safety varies by block. North Church Hill (Union Hill, St. John’s) has improved significantly. South Church Hill is still transitioning. Visit specific streets at different times of day before buying.
Interested in Church Hill? Call Daniel Yoon at (804) 896-2694. I know this neighborhood block by block and can help you find the right property.