Virginia has played a central role throughout the history of the United States. With reasonable prices, you can live in the middle of it with Virginia real estate.VirginiaThe historical significance of Virginia is simply unmatched in the United States. Presidents George Washington and Thomas Jefferson resided in the state as did many of the founding fathers. In the revolutionary war with England, Virginia was front and center in the battle with Williamsburg and Richmond playing central roles. From the Civil War, the battles at locations such as Fredericksburg and Cold Harbor need no introduction. In these modern days, Virginia is unique in seamlessly mixing modern development and old world charm.RichmondLocated on the James River, Richmond was burned to the ground twice during the tumultuous early years of the country. The capital of the Confederacy, Richmond was under attack through much of the Civil War and suffered for it. Following the war, however, the city was rebuilt and has remained prosperous since then. Today, the city is an interesting mix of elegant turn of the century architecture and modern structures. Economically, Richmond is known for strong tobacco and financial industries.FredericksburgFredericksburg has to get special mention since we, FSBOAmerica.org, are located in the city. Although we might be biased, our town is one of the prettiest in the south and a great place to raise a family. Downtown has a definite elegant old south atmosphere while neighborhoods are full of turn of the century homes with white picket fences. When we had to choose a location to raise a family, Fredericksburg was our choice. We haven’t regretted it once.Virginia Real EstateVirginia real estate prices can range from the low $200,000 to the high $700,000 depending on the location. A single-family residence in Richmond will run $340,000 on average, while homes in Blacksburg can be had for an average of $220,000. On the top end, homes in Alexandria average in the mid to high $700,000 range.For 2005, Virginia real estate has shown strong value growth. With an appreciation rate of nearly 21 percent, Virginia has the eighth highest figure in the country.