Rent vs buy in Libbie & Grove, Near West End
Richmond, VA · ZIP 23226 · computed from 36 active listings within about 1.5 miles on September 14, 2026
The one number that matters
Renting a 1-bedroom here costs $1,800 a month at the median. Owning a matched 1-bedroom costs about $2,007 a month all in on the homes the engine actually matches here, typically around $204,650: mortgage, taxes, insurance, maintenance, and any HOA.
The market right now
- 1-bedroom: $1,800/mo median rent
- 2-bedroom: $2,050/mo median rent
- 3-bedroom: $2,350/mo median rent
4-bedroom and 5-bedroom rentals are not shown: fewer than 5 active listings, too few to publish a median from.
36 homes actively for sale within about 1.5 miles, spanning 6 1-bed, 2 2-bed, 17 3-bed, 9 4-bed, 1 5-bed, 1 6-bed. 22 of them sit inside 23226 itself.
Rent medians over 28 active rental listings in 23226.
What buying takes
- 1-bedroom: $239,000 median list price (market context, not the basis)
- 3-bedroom: $579,000 median list price (market context, not the basis)
- 4-bedroom: $1,200,000 median list price (market context, not the basis)
2-bedroom and 5-bedroom list prices are not shown: fewer than 5 active listings, too few to publish a median from.
All-in monthly to own: $2,007 for a 1-bedroom, $3,084 for a 3-bedroom - mortgage, taxes, insurance, maintenance, and any HOA carried.
Cash to close on a matched 1-bedroom: about $45,023 ($40,930 down plus $4,093 closing), on the homes the engine actually matches here, typically around $204,650.
Only one matching 2-bedroom home is for sale here right now, not enough to model a reliable market price, so we are not quoting one. It is in the listings below.
When buying pulls ahead
Buying a matched 1-bedroom here (on the homes the engine actually matches here, typically around $204,650) overtakes renting and investing the difference around year 5. By year ten the gap is about $24,724 in favor of owning.
On the market in Libbie & Grove, Near West End
| Address | Beds | Price | Cash to close |
|---|---|---|---|
| 5100 Monument Ave Unit 214 | 2 | $309,000 | $67,980 |
| 5100 Monument Ave Unit 1005 | 1 | $164,950 | $36,289 |
| 5100 Monument Ave Unit 607 | 1 | $204,000 | $44,880 |
| 4632 Grove Ave Unit 5 | 1 | $245,000 | $53,900 |
| 5100 Monument Ave Unit 311 | 1 | $239,000 | $52,580 |
| 5100 Monument Ave Unit 914 | 1 | $229,500 | $50,490 |
The engine's own top matches for a typical renter here; each cash-to-close is 20 percent down plus closing on that home's price.
Near West End rent and what it compares to
$1,800 a month is the median one-bedroom rent around Libbie and Grove, the highest of Richmond's mapped neighborhoods and a figure that returns nothing when the lease ends. A matched one-bedroom to own here runs about $2,007 a month with taxes, insurance, upkeep and fees carried.
$204,650 is the typical price behind that monthly number, drawn from 22 homes listed inside the ZIP and 36 within about 1.5 miles. The two paths cross near year 5, and by year ten they sit about $24,724 apart in favor of owning.
$45,023 is required before the first mortgage payment, about 7.5 years of saving at $500 a month.
Keep exploring
- Downtown Richmond · own from about $2,056/mo
- The Fan & VCU · own from about $1,987/mo
- Carytown & Museum District
- Northside & Highland Park
- Church Hill & East End
- All Richmond, VA neighborhoods
- Introducing LeaseLens: how the rent-vs-buy math actually works
Common questions
Is it cheaper to rent or buy in Libbie & Grove, Near West End?
The median 1-bedroom rents for about $1,800 a month, while owning a matched 1-bedroom runs about $2,007 a month all in (mortgage, taxes, insurance, maintenance, and any HOA) at a typical price of $204,650.
How long until buying beats renting in Libbie & Grove, Near West End?
On current figures, buying pulls ahead of renting and investing the difference around year 5 for a matched 1-bedroom here.
How much cash do I need to buy in Libbie & Grove, Near West End?
About $45,023 covers a 20 percent down payment plus closing costs on a matched 1-bedroom. Lower down payment paths exist; this is the standard construction.
Run it on your actual lease
These figures describe a typical renter. Upload your lease and LeaseLens computes the same comparison on your real rent, income, and savings, then watches the market for you.
Analyze my leaseData updated September 14, 2026.
How these numbers are computed
Every figure comes from the same engine that powers the LeaseLens comparison, run over live inventory in 23226: rent medians from active rental listings, ownership costs from the engine's top-matched-homes construction, and the crossover year from its 30-year net worth projection. The reference buyer is a solo renter with good credit, a $100k income, 20 percent down, and cash covering the close. Your own lease and finances will move every number, which is what the full comparison is for.