Richmond

Richmond is the capital city of the U.S. state of Virginia. Incorporated in 1742, Richmond has been an independent city since 1871. It is the fourth-most populous city in Virginia, with a population of 226,610 at the 2020 census. The Richmond metropolitan area, with over 1.37 million residents, is the third-most populous metropolitan area in Virginia and 44th-largest in the United States.Wikipedia

The Southeast has become the most active real estate market in the United States. Charlotte, Raleigh, Atlanta, and Nashville's broader metro have all absorbed sustained in-migration driven by warmer weather, relatively lower housing costs than comparable Sun Belt metros, and — in Florida and Tennessee — no state income tax. The Research Triangle between Raleigh, Durham, and Chapel Hill has emerged as a genuine rival to established tech corridors, anchored by Duke, UNC, and NC State.

The region's rapid growth has created real affordability pressure in cities that were bargains a decade ago. Asheville, Savannah, and coastal Florida markets have seen sharp appreciation, narrowing the cost advantage that drew transplants in the first place. Coastal areas across the Southeast also carry increasing flood and hurricane insurance costs as storm frequency and severity trends upward. Long, hot, and humid summers are a material lifestyle consideration — June through September in much of the region is genuinely intense.