$414,352Average Value$313Average Price per Sq Ft3Homes For Sale
Walkable city living in Richmond’s historic downtown
Right in the heart of vibrant downtown Richmond is the historic neighborhood, Monroe Ward. Within walking distance of the James River, Virginia Commonwealth University (VCU) and some of the city’s most beloved bars and restaurants, Monroe Ward offers residents a peak Richmond experience. “This area has a lot of history,” says Jacquelyn Waters, Realtor with Neumann & Dunn Real Estate. “There are multiple historic Civil War sites within a couple of blocks, and many buildings have unique architecture and features like antique doorknobs and original stained-glass windows.”
Condos and townhouses fly off the Monroe Ward
On the grid-style streets of Monroe Ward are many well-preserved, stately buildings that have been transformed into condos and apartments. Newer apartment buildings are also plentiful, as the area has become a hot rental spot for VCU students. “Monroe Ward is really close to the VCU campus,” Waters says, “Often, students want to live right by campus but not in university housing, so this is the perfect location for them.” In Monroe Ward, homebuyers can find a renovated studio or one-bedroom condo for less than $200,000 or a newly constructed townhome with a two-car garage for $800,000. Overall list prices range between $157,000 and $1.8 million. “It’s competitive there because not a lot comes up for sale,” Waters says. “If something goes on the market that is in move-in-ready condition in that area, it will sell in a matter of a few days.”
From Fox to TJ
Kids in Monroe Ward can attend William Fox Elementary, rated B-plus on Niche, before going to Binford Middle, rated C-minus, and graduating from Thomas Jefferson High, which has a B rating and is referred by locals to simply as “TJ.” The original William Fox Elementary building, located in the heart of the Fan District, is currently being rebuilt and is projected to open in 2025 with brand-new, state-of-the-art facilities. Fox Elementary students are currently attending school in the former Clark Springs Elementary, situated on Dance Street in nearby Oregon Hill. Fox Elementary receives an overall B rating on Niche and scores an A in the diversity category.
Access the James River Park System
Though Monroe Ward is urban, there’s no lack of access to nature and the outdoors. Several city parks, as well as the extensive James River Park System, are all within a short walking distance. Residents enjoy an afternoon picnic and free Wi-Fi in Monroe Park, situated at the heart of the VCU campus. Established in 1851, this is Richmond’s oldest park and is now a central gathering space for the thousands of college students who walk its paths to and from class every day.
For sweeping views of the James River, there’s the Potterfield Bridge on Brown’s Island. This pedestrian bridge stretches roughly one-third of a mile across the James River, linking the north and south banks and connecting to other trail systems around the James.
Lunch at Perly’s
Perly’s is a Richmond staple that is not to be missed. Located in Monroe Ward on East Grace Street, this beloved Jewish restaurant slings tasty plates of cheese blintz and Reubens that were featured on Food Network’s Diners, Drive-Ins and Dives in 2019.
Necessities are always nearby; plenty of small retail shops and markets are within walking distance of Monroe Ward homes. As for restocking the pantry, two close options are the Kroger and Whole Foods on West Broad Street.
I-64 and I-95
Monroe Ward and downtown a fairly walkable areas, but Richmond is largely car-dependent. Ramps onto Interstates 64 and 95 are less than a mile down the road from Monroe Ward, making commutes and trips around the Greater Richmond Area breezy. The Greater Richmond Transit Company, or GRTC, is another convenient option for getting around. Bus stops dapple Monroe Ward’s map.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Are you familiar with the Monroe Ward neighborhood?
to let others know what life in this neighborhood is like.
Crime and Safety
1 - Low Crime, 10 - High Crime
Monroe Ward
US
Homicide
5
4
Sexual Assault
6
4
Assault with Weapon
4
4
Robbery
7
4
Burglary
8
4
Motor Vehicle Theft
7
4
Larceny
7
4
Crime Score
6
4
Source: WhatIsMyCrimeRisk.com
Demographics and Home Trends
On average, homes in Monroe Ward, Richmond sell after 222 days on the market compared to the national average of 47 days. The average sale price for homes in Monroe Ward, Richmond over the last 12 months is $957,310, up 71% from the average home sale price over the previous 12 months.
The Davenport is a 3-story luxury townhome with plenty of opportunity to personalize this new home floor plan to fit your lifestyle. On the first floor you will find your rear load 2-car garage, as well as a bedroom and full bath. Convert the bedroom to a Rec Room or Study if that suits you better. Head on up to the second floor where you will find dual primary bedrooms with walk-in closets, as
MOVE-IN READY! This end unit Davenport is a 3-story luxury townhome with a wrapped front porch and plenty of opportunity to personalize this new home floor plan to fit your lifestyle. On the first floor you will find your rear load 2-car garage, as well as a bedroom and full bath. Head on up to the second floor where you will find dual primary bedrooms with walk-in closets and an Ultimate primary
MOVE-IN READY! This end unit Davenport is a 3-story luxury townhome with plenty of space to make your own. On the first floor you will find your rear load 2-car garage, as well as a bedroom and full bath. Head on up to the second floor where you will find dual primary bedrooms with walk-in closets, as well as your Laundry Room for added convenience. The main primary bedroom features an Ultimate
Step into a world where history and modern living seamlessly intertwine. The Loop at Midtown is a unique residential experience nestled within a beautifully restored historic landmark in the heart of downtown Richmond.Our building, steeped in the city's rich past, has been meticulously renovated to offer a collection of stylish loft-style apartments that blend contemporary comforts with
ALL UTILITIES INCLUDED! Monroe Park Towers: Modern, cosmopolitan living in Central Richmond's most fashionable area near restaurants and entertainment and across the street from Monroe Park. Great news if your goal is to live within walking distance of VCU, Monroe Park Towers is the place for you.
Here we treat you like family. It’s casual but elegant, simple yet sophisticated. Our goal is to provide you with a lifestyle that meets your comfort and needs. Luxury Living at its Best! With seventeen different floor plans and designer kitchens we’re sure you will find something special here. The community features a fitness center, professional business and conference room,
Interested in learning more about homes in this area?
Reach out to
Amy Beem,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Renters
Demographics
Total Population
3,175
Median Age
29
Population Density
24 ppl/acre
Population under 18
18%
Below the national average
23.8%
Population over 65
3.9%
Below the national average
19.1%
Finances
Median Household Income
$21,555
Significantly below the national average
$71,702
Average Household Income
$34,317
Education and Workforce
High School Graduates
84.5%
College Graduates
50%
Above the national average
34.1%
Advanced Degrees
31.4%
Above the national average
13.3%
% Population in Labor Force
64.7%
Weather
Annual Precipitation
45''
Average Winter Low Temperature
29°F
Average Summer High Temperature
89°F
Annual Snowfall
5''
Area Factors
Very Bikeable
Bike Score®
81/ 100
Walker's Paradise
Walk Score®
95/ 100
Good Transit
Transit Score®
62/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
