Abberly Twin Hickory

Formerly The Gardens at Twin Hickory

4700 The Gardens Drive, Glen Allen, VA 23059
Call: 888-621-8872 (804) 364-3649 Email UsTwinHickory.CommunityWebsite.HHHunt@aptleasing.info View Map

Opens: Monday-Friday: 9A-6P | Saturday: 10A-5P | Sunday: 1P-5P

Abberly Twin Hickory Blog

Discover Glen Allen, A Neighborhood of Richmond, VA

Joseph Coupal - Monday, August 13, 2018

Abberly Twin Hickory, Glen Allen, VAGlen Allen in northwestern Henrico County is a good example of how quickly a rural area can find itself transformed into teeming suburbia. Chance are, people who lived in Glen Allen 50 years ago could never have guessed what would happen to the area, much less recognize it today.

Short Pump Town Center, which opened in 2003 in an area that was formerly farmland, is the largest shopping mall in the county. And new schools pop up in Glen Allen every couple years to accommodate the families who have moved into the area’s recently built master-planned communities and smaller subdivisions.

Glen Allen still has some rural spaces, but the area is booming.

Among the largest master-planned communities in the area are Wyndham and Twin Hickory, both of which were developed by HHHunt Communities.

Glen Allen has changed in more than just looks, though. In recent years, it has expanded, at least in the general public’s mind.

Today, many of us identify Glen Allen as an amorphous area that sprawls across the northwestern portion of Henrico.

Most longtime Glen Allen residents adhere to a smaller footprint that centers on the intersection of Mountain Road and the railroad tracks that were originally part of the Richmond, Fredericksburg and Potomac Railroad. Roughly, the area runs east from Staples Mill Road to Woodman Road and north from Laurel to Hunton.

But when it acquired its name sometime before the Civil War, Glen Allen was even smaller and was limited to the Mountain Road corridor, with streets like Old Washington Highway and Courtney and Mill roads.

The area got its present name from Benjamin Allen, a farmer and merchant who lived in Glen Allen in the mid-19th century.

With the momentum of Greater Richmond in many ways shifting to northwestern Henrico over the last 10 years, Glen Allen seems to have reached a tipping point, where new elements outnumber the old.

It’s not a sleepy little town anymore. It’s a bustling community with good schools, shopping, parks and entertainment.

For more information on apartments in Glen Allen, VA, a Richmond neighborhood, contact Abberly Twin Hickory.

#HowYouLive

richmond.com


20 Reasons Living In Virginia Is The Best (And You Should Move Here)

Joseph Coupal - Tuesday, August 07, 2018

Abberly Twin Hickory, Glen Allen, VAThis is for those who don't live here. The ones who are looking for a new location, but aren’t sure. Or maybe you’re in Virginia, but your best friend lives somewhere else. Better yet, your parents have retired and you could use some family close by. Whoever you are, if any of these apply to you – or someone you know – then its time to call the moving trucks.

1. You love all 4 seasons.

Winters are cold, sure. But the snow is pretty and it’s rarely too much – this isn’t Boston after all. Summers are hot – that’s why we have so many amazing lakes, beaches and rivers. But you can have hot or cold anywhere. In Virginia, it’s spring and fall that make all it all worthwhile.

2. You want to be at the heart of it all.

Virginia is within a day’s drive of 50% of the U.S. population. So “but I’ll never see my old friends” is simply not an excuse!

3. You love the mountains.

You can reach some of the most beautiful mountains in the world within just a few hours from anywhere in Virginia.

4. But you also love the beach.

Same goes for the beach. We have some of the most amazing beaches anywhere and they’re all within a half-day’s drive, no matter where you live in the state.

5. You appreciate a good economy.

The Washington Post calls Virginia “the best state in America” when it comes to managing budgets shortfalls. We’ve managed to keep the economy on an even keel even when the rest of the world seems to be in a spin.

6. You want the best schools for your undergrads.

Virginia has 3 of the top 40 public colleges and universities in the nation: University of Virginia (#2), the College of William and Mary (#6) and Virginia Tech (#27). But that’s saying nothing of all of other amazing schools, public and private – you can’t go wrong with a Virginia education.

7. And your under-undergrads.

For your pre-college crew, rest assured that good schools abound. Wallethub, an online financial site, ranks Virginia k-12 schools #7 in the nation.

8. You’re looking for a great place to retire.

Maybe it’s time to be closer to the grandkids. Virginia is the perfect place to land when you’re ready to put your feet up. Forbes named Blacksburg one of its top places to retire in the nation thanks to a cost of living 7% below the national average, low crime and good housing. Williamsburg tops the U.S. News and World Reports list for historic places to retire. Did you know that senior citizens can take up to 3 free classes a year at William and Mary?

9. You’re an entrepreneur.

Forbes has ranked Virginia as #1 for best places for business. For you big business moguls out there, 23 Fortune 500 companies are headquartered here.

10. You consider shopping a valid form of exercise.

Whether you’re looking for high-fashion shopping or just a day out antiquing, Virginia has some of the best finds on the East Coast.

11. Or you take your exercise very seriously.

For those of you with a competitive streak, Virginia hosts races of every kind – from marathons and triathlons to dress-crazy-and-jump-in the mud obstacle races. There’s something for everyone and no shortage of people to get out there and train with you.

12. Wine and cheese are two of your favorite food groups.

Virginia wine country is beyond compare. Our award-winning wines, 230+ vineyards and incredible countryside can’t be beat. Have some cheese with that wine – we have hundreds of locally made-in-Virginia cheeses available at farmers’ markets, specialty shop and nation-wide chain grocers. The only hard part will be choosing your favorite.

13. You like food in general. There’s down-home country cookin’ or fine dining within reach in just about every part of the state.

We have some of the best BBQ, biscuits and gravy, fried chicken and country ham you’ll ever have the pleasure of eating. Or try one of Virginia’s many fine dining restaurants. Our gourmet cuisine has hit the nation’s best restaurants lists more than once.

14. You don’t just like festivals. You love them.

Whether you’re looking for big city food and culture or small town celebrations, there’s a festival in just about every part of the state on any given weekend.

15. Cities or small towns – your choice.

If you want the fast track, big city life, you can have it. Northern Virginia is one of the nation’s top job growth areas and offers limitless options. But if you want a quieter speed, then take your pick of beautiful small towns where life is slower, but every bit as rich.

16. We have world-class healthcare.

Our hospitals are nationally ranked for care, including specialties like cardiology (Sentara Norfolk General) and neonatology (Inova Fairfax).

17. You like things that go fast. Both horses and cars.

Virginia horse country is not to be messed with. If you love horses, we have steeplechase, polo and countless horse shows and competitions. If NASCAR is your thing, we have the Martinsville Speedway, Richmond International Raceway and Bristol Motor Speedway. For Formula 1 and stock car racing, VIRginia International Raceway in Alton and the Virginia Motor Speedway in Jamaica, Virginia, fit the bill.

18. You support the troops.

Men and women in uniform are part of the fabric of Virginia. We were founded on a proud tradition of protecting our beliefs and today, Virginia has more than 20 military bases representing all 4 branches of the armed services, plus a strong National Guard presence.

19. Music makes you happy.

Bristol, Virginia is called the birthplace of country music for a reason. This is where some of the first commercial recordings were made with artists like Jimmie Rodgers and the Carter Family. We’ve taken it from there and now Virginia has a diverse and eclectic music scene with festivals for almost any genre, plus large commercial venues, small clubs and everything in between.

20. You can just be you.

Virginia is for lovers – and that means no matter who you are, what you love or how you choose to live your life, Virginia has a niche where you can belong. If you already live here, this blog hasn't told you anything you don’t know. So be sure to send this on to all of those friends and family members who you know would love living here as much as you do.

For more information on apartments in Glen Allen, VA contact Abberly Twin Hickory.

#HowYouLive

onlyinyourstate.com


Richmond is a Great City for Starting a Career

Joseph Coupal - Monday, July 30, 2018

Abberly Twin Hickory, Glen Allen, VADeciding where to lay the foundation for a long and prosperous career can be a tall order, especially for recent graduates entering the job market for the first time. After all, there are many factors — job-market saturation, housing affordability and commuter-friendliness, for instance — to consider about each prospective area. The market is ripe for new graduates, though, with an unemployment rate of only 4.1 percent as of March 2018. And employers plan to hire 4 percent more graduates from the Class of 2018 than they did from the Class of 2017.

Starting a career doesn’t need to be that difficult or intimidating. WalletHub compared the relative market strength and overall livability of more than 180 U.S. cities to help recent college graduates find the best cradles for their budding careers. We examined each city based on 27 key metrics that range from the availability of entry-level jobs to monthly average starting salary to workforce diversity. A complete breakdown of our findings, a detailed methodology and expert career advice can be found below.

Richmond, VA

Overall Rank: 33
Total Score: 52.86
Professional Opportunities Rank: 36
Quality of Life Rank: 36

For more information on apartments in Glen Allen, VA, contact Abberly Twin Hickory.

#HowYouLive

wallethub.com


Richmond is a Top 10 Coolest City 2018

Joseph Coupal - Monday, July 23, 2018

Abberly Twin Hickory, Glen Allen, VARichmond has made another top 10 list, this time as one of Forbes.com’s “10 Coolest U.S. Cities to Visit in 2018.”

Tom Marchant, co-founder and owner of Black Tomato, a travel company known for booking high-end, luxurious vacations, recommended Richmond because he said the city is “buzzing with young energy and signature Southern charm. Its culinary offerings are cutting-edge and reason enough to visit, with new restaurants popping up all the time.”

Richmond is effortlessly stylish, and for one of the most expertly curated men’s, women’s and home stores in the country, Need Supply continues to set the bar very high.

The write-up recommends a stay at The Jefferson Hotel for “opulence (or an exceptional martini)” and Quirk Hotel for its boutique setting.

Richmond was recently picked as one of the top 10 U.S. destinations for 2018 by Lonely Planet, a global travel guide; one of 18 cities that must be seen in 2018 by Expedia.com; and one of the 10 best places to travel in the South in 2018 by Southern Living magazine.

Do you want to live here? For more information on apartments in Glen Allen, VA contact Abberly Twin Hickory.

#HowYouLive

richmond.com


Virginia: A Best State in 2018

Joseph Coupal - Monday, July 16, 2018

Abberly Twin Hickory, Glen Allen, VADo you live in one of the best states in America?

You might think people across the nation like to think they live in the best place in the country. After all, you wouldn’t spend your lives somewhere that you truly didn’t love. Right? Not always. In fact, according to a recent study it was determined that almost half of Americans would rather live somewhere other than they do now.

Well, if you’re in one of the states that was highlighted as a "Best State", odds are you don’t want to go anywhere.

The purpose of this study is to use science to determine which of our great American states are the absolute best. While unbiased, this research does take into account factors that almost all Americans would agree are desirable. Therefore, while you may have strong opinions either way, you can’t argue against the methodology.

Virginia is #5 on this List of the 10 Best States to Live in America for 2018.

With large cities, small towns, history galore, nightlife, a hint of southern charm, so many things to do, beaches, and mountains...how can you go wrong?

For more information on apartments in Glen Allen, VA, contact Abberly Twin Hickory.

#HowYouLive

homesnacks.net


Richmond is Regularly Named The Best City In America

Joseph Coupal - Monday, July 09, 2018

Abberly Twin Hickory, Glen Allen, VARichmond is the heart of our state in more ways than one. As the state’s capital, it’s centrally located and there’s a little bit of everything mixed into it. For Virginians, it’s a city that you embrace as home even if you live hours away. For out-of-staters, it’s one of the most frequently visited cities. There’s just something for everyone here, and we would be so bold to say it’s the best city in the entire country. It’s traditional, trendy, artistic, food-loving, and always evolving. Richmond is consistently named as one of the top cities to live in, and here’s why.

1. It's "The Best Town Ever"

In 2012, Outside Magazine listed Richmond as "the best town ever." There's just no arguing with that.

2. The arts

A walk around Richmond's downtown will show you some of the incredible mural projects that have taken place. It's no wonder the city was rated "Most Artistic Mid-Sized City in America" in a Gogobot study.

3. The music

It's no secret that Richmond is a hub for local talent, and a great place to catch some incredible live acts.

4. Education

Richmond houses top-ranking schools at all levels of education. With over 33,000 students, VCU is one of the largest schools in the state.

5. The restaurant business

National Geographic notes Richmond as a "top destination" for food travel. And it seems like restaurants continue to keep popping up in every corner of the city.

6. Businesses in general

River City is ranked 3rd in the top 10 best places to start a business. It's also in the top 10 places for finding employment (Forbes).

7. The food

According to Conde Nast Traveler, it's "the southern food destination you need to know about."

8. Biker friendly

The UCI Road World Championships was held in Richmond in September of 2015.

9. Appreciation for the past...

This city has an impressive history. TripAdvisor has named it a "Top Historical Family Destination." Monument Avenue is just one of many examples of how the city is devoted to honoring history.

10...with an eye for the future

It's also the city of the future. Richmond was ranked 4th overall among the "Top 10 Mid-Sized American Cities of the Future."

11. Uniqueness

Galaxy Diner has been named the #1 diner in Virginia. And that's a big accomplishment since there are tons of great ones in the state.

12. Patriotism

RVA has been listed as the best place to celebrate the 4th of July.

13. Happy people

Richmond is "most content area" in America, according to the U.S. National Bureau of Economic Research. If that isn't the tell-all sign, I don't know what is.

14. Greenspace

RVA is home to many beautiful parks. Even downtown, nature is just a stone's throw away.

15. Small businesses

Small business is the soul of Richmond's economy, and the city has been named in the top 10 best cities for overall small business friendliness in the country (Thumbtack.com).

16. Location

So many other incredible Virginia cities, all within three hours of driving.

Most importantly, Richmond is our capital. We’re proud of RVA and all it has contributed to life in Virginia.

For more information on apartments in Glen Allen, VA, contact Abberly Twin Hickory.

#HowYouLive

onlyinyourstate.com


An Unexpected Corn on the Cob Recipe for Your July 4th BBQ

Joseph Coupal - Monday, July 02, 2018

Are you going to or hosting a 4th of July BBQ at your apartments in Glen Allen, VA? If so, add an exciting dish to your Independence Day Menu. Corn. but not just any corn, Cheddar Bacon Ranch Corn. See the recipe from Delish below.

Abberly Twin Hickory, Glen Allen, VACheddar Bacon Ranch Corn on the Cob

Ingredients:

  • 1/2 c. (1 stick) Butter, softened
  • 1 packet ranch seasoning
  • Freshly ground black pepper
  • 10 ears corn
  • 2 c. shredded Cheddar
  • 6 slices cooked bacon, finely crumbled
  • freshly chopped chives
  • Ranch, for drizzling

Directions:

Heat grill to medium high. In a small bowl, stir together butter and ranch seasoning and season with pepper. Rub ranch butter on corn. Grill until lightly charred, 10 minutes. Top with cheddar and cover grill to melt, 2 minutes.

Top with cooked bacon and chives and drizzle with ranch.

Enjoy!

#HowYouLive

Recipe/Image - Delish


Fun Festivities for the Fourth in Richmond, VA

Joseph Coupal - Tuesday, June 26, 2018
Abberly Twin Hickory, Glen Allen, VA

From historical happenings and family-friendly events to brewery bashes, baseball, and breathtaking fireworks displays, if you live in an apartment in Glen Allen, VA Richmond is your destination for July 4th fun and festivities!

FAMILY-FRIENDLY AND/OR FIREWORKS EVENTS

RICHMOND FLYING SQUIRRELS GAME & INDEPENDENCE DAY DUELING FIREWORKS CELEBRATION
THE DIAMOND
JULY 4, 2018, 6:35 P.M.

What’s better than watching baseball while eating peanuts and cracker jacks? How about all of that AND fireworks! Come out and root, root, root for the home team as the Richmond Flying Squirrels take on the Akron RubberDucks at The Diamond at 6:35 p.m. It's a perfect way to celebrate Independence Day in RVA with your family or friends while enjoying America's favorite pastime! This game usually sells out, so we recommend ordering your tickets in advance. If you happen to still be in town after the 4th, the Flying Squirrels have a home-stand with more Independence Day fireworks July 5, a patriotic tank top giveaway July 6, more fireworks plus a Tom Petty tribute July 7, and Sunday Funnday Nutzy & Nutasha beach towel giveaway July 8.

ROCKETTS RED GLARE
ROCKETTS LANDING
JULY 2-4, 2018

A FREE family-friendly event, open to the public, with activities, vendors, music, food trucks, craft beer offerings and a pro beach volleyball tournament hosted by EVP Tour. Culminating with riverfront fireworks on July 4th at 9 p.m.!

DOGWOOD DELL FOURTH OF JULY CELEBRATION
DOGWOOD DELL (BYRD PARK)
JULY 4, 2018, 6:30 P.M.

Pack a picnic, grab a blanket, and head over to Dogwood Dell to celebrate our nation’s independence with a free night of music and fireworks! The Richmond Jazz Band kicks things off with a pre-concert at 6:30 p.m. Then the main concert begins at 7:30 p.m. featuring the Richmond Concert Band, Carillon bells, and fireworks at dusk. Arrive early to get a seat within the Dell. Free.

CHESTERFIELD COUNTY FOURTH OF JULY CELEBRATION
CHESTERFIELD COUNTY FAIRGROUNDS
JULY 4TH, 2018, 5:00 - 9:00 P.M.

Celebrate the festive occasion with a spectacular firework display at dark! This event, held at the Chesterfield County Fairgrounds (across from L.C. Bird High School), includes an activity area for children, food vendors and special entertainment. Gates open at 5 p.m. and the fireworks begin at dark. Bring a blanket or lawn chairs and enjoy an evening that’s fun for everyone! Admission is free, but children's wristbands will be available for $5.00 for access to children's amusements and inflatables.

RED, WHITE & LIGHTS, A FOURTH OF JULY CELEBRATION
DOREY PARK
JULY 4TH, 2018, 5:00 - 10:00 P.M.

Head to Henrico County for a spectacular evening celebrating independence and honoring America’s veterans. Wear your red, white and blue and enjoy the holiday at the park with live entertainment, food trucks, children’s activities in the Family Fun Zone, and a concert by the Richmond Symphony, accompanied by fireworks and a laser light show finale! Guests are encouraged to arrive early and bring a blanket or chair to enjoy the entertainment. Gates open at 5:00 p.m. Free admission.

STAR SPANGLED CELEBRATION AT KINGS DOMINION
KINGS DOMINION
JUNE 30 - JULY 4, 2018

Kings Dominion will be decked out in red, white, and blue this Independence Day for its annual Star Spangled Celebration, June 30-July 4! Celebrate all weekend long with energetic performances from local military bands and dazzling firework shows each evening, plus all of your favorite rides. Kings Dominion is also honoring service members by offering FREE admission to the park for active and retired military, as well as veterans with honorable or medical discharge, and discounted tickets for friends and family.

CARMAX FREE FOURTH OF JULY
LEWIS GINTER BOTANICAL GARDEN
JULY 4, 2018, 9:00 A.M. - 5:00 P.M.

Celebrate your Fourth of July with FREE admission to Lewis Ginter Botanical Garden, thanks to the generosity of CarMax! Show off your red, white, and blue pride and decorate your wagons and strollers for a parade in the Children’s Garden. Enjoy the beautiful gardens, Butterflies LIVE! and Origami in the Garden exhibits. Listen to live music by the Happy Lucky Combo. The kids can cool off in WaterPlay. There will be water stations at key locations, food for purchase at the Garden Café, and the library will be open from 10 a.m.- 4 p.m. as a place to take a break from the fun and sun! Rain or shine.

INDEPENDENCE DAY CELEBRATION
VIRGINIA MUSEUM OF HISTORY & CULTURE
JULY 4, 2018, 9:00 A.M. - 5:00 P.M.

In celebration of the 242nd anniversary of American independence, the Virginia Museum of History & Culture will host a full day of patriotic festivities, including a large-scale citizenship naturalization ceremony, live music, and much more.

JULY 4TH EVENTS AT BARS, BREWERIES, OR RESTAURANTS

RED, WHITE, & BLUE CIDERBRATION!
BUSKEY CIDER
JUNE 30 - JULY 4, 2018

Red, White, and Blue flights will be served at Buskey Cider in Scott's Addition starting the weekend leading up to Independence Day for their 3rd Annual Red, White, and Blue CIDERbration! They'll end the celebration on July 4th with a view of the fireworks at The Diamond. As an extra bonus, they'll be offering FREE hot dogs on Sunday, Monday, Tuesday, AND Wednesday!

Red, White, and Blue Flight Ciders include:
Red - Tart Cherry Cider
White - NEW! Manzana Lager
Blue - RVA Cider with Spirulina (a superfood available for purchase at Elwood Thompson’s that naturally turns the cider blue!)

INDEPENDENCE DAY AT CASTLEBURG
CASTLEBURG BREWERY AND TAPROOM
JULY 4, 2018, 1:00 - 9:00 P.M.

What better way to celebrate our Independence than with good friends, beer, music and free hot dogs!! Doors open at 1:00 and the party doesn't end until the fireworks start at the Diamond. Enjoy Red, White & Blue Gose Beers throughout the day in half pours (8 oz) and pints (16 oz).

RED 1:00-4:00 - Raspberries on Gose
WHITE 4:00-7:00 - Pineapple on Gose
BLUE 7:00-Close - Blueberries on Gose

In addition to brewing awesome beer for you, Karl will be grilling up some hot dogs for you, for free! (while supplies last). The Analogue Republic will entertain with their groovin' tunes from 5:00-8:00 p.m. At the end of the night, head to the parking lot so you can ooh and ahh at the fireworks display from the Richmond Flying Squirrels.

JULY 4TH ON Q ROOFTOP
QUIRK HOTEL
JULY 4, 2018, 5:00 P.M. - 11:00 P.M.

Celebrate this 4th of July with BBQ and cocktails on the Q Rooftop at Quirk Hotel! Oh, and did we mention the incredible rooftop views?! Doors open at 5:00 p.m. 21 and up. $10 admission - get your tickets in advance!

JULY 4TH CELEBRATION & LAGER RELEASE
ISLEY BREWING COMPANY
JULY 4, 2018

Guests will enjoy a perfect view of the fireworks at The Diamond from Isley Brewing Company's urban patio, so bring your lawn chairs! The brewery will also release its very FIRST lager that day! You can also expect a limited beer infusion and special deals, plus extended hours. The beer release & 4th of July celebration will be accompanied by music throughout the day, patio games, and a Dunk Tank!

#HowYouLive

visitrichmondva.com


The Upsides to Downsizing

Joseph Coupal - Monday, June 18, 2018

Abberly Twin Hickory, Glen Allen, VADownsizing sometimes gets a bad rap. Upon hearing the phrase, many people automatically assume that downsizing is something negative, but in reality, there are plenty of positive aspects to scaling down from your current home. From having less to clean to being free from other obligations of having a larger home, there’s a lot to look forward to when downsizing.

On the other hand, leaving a beloved home can be tough. But with the right mindset and a plan in place, transitioning to a smaller living space becomes less painful.

What follows are some of the best aspects of downsizing and bright spots to look forward to when transitioning to a smaller home.

There’s Less to Maintain

Owning and maintaining a home is a lot of work. There’s endless cleaning that needs to be done, repairs that need to be made and upkeep that needs to be completed. With a smaller living space, that list of chores and to-dos around the house dwindles, leaving you with more time to focus on the things you enjoy.

It Can Help You Shop Smarter

Artful advertising designed to influence consumers and encourage impulse buys are just about everywhere these days. Anyone can fall prey to something that looks like a good deal or sounds like something they “need” and be influenced by clever and strategic marketing. But when living in a smaller place, you’ll need to become more critical about what you purchase in order to avoid clutter.

Redecorating Opportunities Abound

Redecorating can be a lot of fun -- even more so when there’s a brand new space to work with. Downsizing gives you the opportunity to redesign your space, come up with new concepts and get creative with your storage spots. That can mean experimenting with different setups, getting creative and investing in furniture that doubles as extra storage to save on space.

Help is On Hand

One of the clearest benefits to moving into an apartment community is having assistance at the ready. Leaking faucet, leaking roof? No problem, call your leasing office and they'll take care of it.

Socialization and A Sense of Community

When transitioning from an empty home to an apartment community, there are lots of new opportunities to form a community and socialize with neighbors.

For more information on apartments in Glen Allen, VA contact Abberly Twin Hickory.

#HowYouLive

seniorhomes.com


It Cost More to Own vs. Rent a Home in Virginia

Joseph Coupal - Wednesday, June 06, 2018

Abberly Twin Hickory, Glen Allen, VAOwning a home is often considered the American dream — and it's an expensive one. Homeowners in all 50 states and Washington, D.C., pay from 33% to 93% more for housing each month than do renters living in the same state, according to a new NerdWallet analysis.

But many homeowners reap benefits that you can't get from renting, such as financial security and stability, tax deductions and a vehicle for retirement savings. 

While renting can't offer those long-term financial benefits, it's cheaper to rent on a month-to-month basis, the analysis found. If you're wondering how to save money for a down payment, renting can help you build that nest egg — but in extremely expensive or competitive markets, renting might be better for the long haul.

To determine the monthly homeownership premium — the additional cost of owning instead of renting, expressed as a percentage — NerdWallet compared 2015 American Community Survey data from the U.S. Census Bureau for the median gross rent and median homeownership cost in each state and Washington, D.C. Median gross rent includes the costs of monthly rent and utilities for all kinds of rental properties, and median homeownership cost includes monthly mortgage payments, real estate taxes, insurance and utilities.

This comparison doesn't include the down payment required to buy a home, which is traditionally 20% of the home price for conventional mortgages, but is lower for FHA or VA loans.

Key takeaways

Owning is more expensive everywhere. Across all 50 states and Washington, D.C., it costs more each month to own a home than to rent. The median cost people pay nationwide to own a home is 54% more than the median cost to rent each month.

The smallest difference is still a third more to own. The state where the premium to own a home is lowest is Florida, where it costs a median of 33% more to own than to rent. The states with the next lowest premiums are Colorado (40%) and Arizona (41%).

In some states, the cost of owning far eclipses renting. In New Jersey, the state with the highest homeownership premium, the median monthly cost of owning is nearly double that of renting (93%). The next most expensive places to own are Rhode Island, where the median homeownership cost is 84% higher than renting, and Connecticut, where owners pay a median of 82% more than renters each month for housing.

Here's how much more it costs to own vs. rent each month in Virginia - 48%.

For more information on apartments in Glen Allen, VA, contact Abberly Twin Hickory.

#HowYouLive

Nerdwallet.com



Abberly Twin Hickory

Formerly The Gardens at Twin Hickory

4700 The Gardens Drive, Glen Allen, VA 23059

Call: 888-621-8872
Email UsTwinHickory.CommunityWebsite.HHHunt@aptleasing.info
View Map

Opens: Monday-Friday: 9A-6P | Saturday: 10A-5P | Sunday: 1P-5P

$1,049-$1,481