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Richmond, VA New Homes Under $300K

6 Communities

Wescott Condos by HHHunt Homes in Richmond-Petersburg Virginia
Home in Wescott Condos by HHHunt Homes
Home in Wescott Condos by HHHunt Homes

$261,950 - $399,535

Wescott Condos

Midlothian, VA 23112

1 Home

11 Floor Plans

HHHunt Homes

Central Crossing by HHHunt Homes in Richmond-Petersburg Virginia
Home in Central Crossing by HHHunt Homes
Home in Central Crossing by HHHunt Homes

Closeout

$11,000

$299,950 - $386,950

Central Crossing

Aylett, VA 23009

5 Floor Plans

HHHunt Homes

Pine Hill by Rock River Homes in Richmond-Petersburg Virginia
Pine Hill by Rock River Homes in Richmond-Petersburg Virginia

$299,900

Pine Hill

Jetersville, VA 23083

2 Floor Plans

Rock River Homes

Turkey Run by Rock River Homes in Richmond-Petersburg Virginia
Turkey Run by Rock River Homes in Richmond-Petersburg Virginia

$299,900 - $389,900

Turkey Run

Jetersville, VA 23083

2 Floor Plans

Rock River Homes

Farmington II by Rock River Homes in Richmond-Petersburg Virginia
Farmington II by Rock River Homes in Richmond-Petersburg Virginia

$299,900

Farmington II

Jetersville, VA 23083

2 Floor Plans

Rock River Homes

Forest Ridge by Rock River Homes in Richmond-Petersburg Virginia
Forest Ridge by Rock River Homes in Richmond-Petersburg Virginia

$299,900 - $389,900

Forest Ridge

Jetersville, VA 23083

2 Floor Plans

Rock River Homes

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Market Snapshot

New Homes in Richmond-Petersburg by Region

RegionCommunitiesAverage New Home Price
East Richmond 10$341,000
North Richmond 22$233,000
Northeast Richmond 16$203,000
Northwest Richmond 23$480,000
South Richmond 45$335,000
Southeast Richmond 14$351,000
Southwest Richmond 45$327,000
West Richmond 52$331,000

New Home Cities in Richmond-Petersburg

CityCommunitiesAverage New Home Price
Richmond11$457,508
Chesterfield10$574,527
Midlothian8$456,232
Glen Allen6$423,047
Moseley5$575,679
Ashland2$520,845
Lanexa2$721,953
Chester2$430,098
Henrico2$749,860
Manakin Sabot2$677,730
Irvington1$403,900
Milford1$382,400

Richmond features many of the best home builder communities in Virginia, but finding lower priced homes has become increasingly difficult. In the last few years, the cost of building a new home in Richmond has increased substantially. Despite the rising trend of housing prices, it’s still possible to design and build an affordable home in the Richmond area. In fact, there are 6 communities and 2 builders in Richmond with homes starting at under $300K.

How to Find Homes in Richmond for Less than $300K?

Many builders recognize there is growing demand in the Richmond area for homes under the $300k price point and often have a few floor plans available, but these may be in limited supply. To ensure affordability without compromising on the quality of the home, builders may utilize value engineering techniques to reduce the cost of construction and keep the price of the home as low as possible. This may include building on a smaller lot or utilizing standard-sized materials, such as windows and doors, that provide high-value for the cost. The results are delivering similar quality at lower prices.