Why Virginia’s Capital Is an Excellent Place to Settle Down

Virginia’s capital, Richmond, is a thriving modern city in a scenic location along the James River, with preserved historical architecture and modern amenities. This charming city typifies the appeal of living in a major state capital. Let’s look at the aspects of Richmond that make it an excellent place to settle down.

Richmond’s history remains deeply tied to its identity. Today, Richmond’s history is present in its many preserved buildings and homes that span centuries, including historic churches and sprawling estates. Some of its fascinating museums include the American Civil War Museum and the Black History Museum and Cultural Center. 

Richmond’s downtown area is lined with shops, multiple James Beard-winning restaurants, and numerous art galleries. Additionally, the riverfront also offers pleasant public areas overlooking the water. 

Richmond’s rapidly growing economy is powered by its status as a government center with major legal and government industries. Several educational institutions, including the University of Richmond and Virginia Commonwealth University, make it a research epicenter as well. It is also a financial center, housing one of the 12 Federal Reserve banks and offices of Capital One, Northwestern Mutual, Genworth Financial, and more of the like.

Even though Richmond has a strong job market and a rapidly growing economy, home prices remain affordable. According to Redfin, the median sale price of a home in Richmond was $316,000 in 2023. Combined with the strong economy, Richmond presents residents with a palatable cost of living.

Richmond isn’t just an excellent place to live because of its history, culture, and economy. Virginia’s capital is also a scenic natural hub along the water, providing plenty of picturesque hiking areas, boating destinations, and outdoor adventures. Whitewater rafting along the James River is one of the most popular ways to experience Richmond’s natural beauty. These rapids are the nation’s only urban Class 4 rapids, and residents love kayaking, rafting, and swimming in the river’s rushing waters.

Richmond also has many scenic public parks and preserved natural sites. The James River Park System is a string of parks that runs along the James River, and Pocahontas State Park stretches 7,919 acres, comprising trails through thick forests and boardwalks overlooking the park’s three lakes. For cyclists, the Capital Trail is a massive 52-mile trail from downtown Richmond to Williamsburg. Riding this trail is a unique way to experience Virginia’s great outdoors.