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These days, finding an affordable place to live in the New Richmond area can be challenging. Home prices in New Richmond are now at a median cost of $254,209, higher than the Ohio average of $236,816.
The average cost of rent is $885/mo in New Richmond, primarily driven by the current value of real estate in the New Richmond area. In New Richmond, 15.04% of households rent, and 38.56% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Richmond is $7,899 per month. Households that rent pay about 11.20% of their income on rent here. New Richmond’s most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mount Pisgah, OH: equally priced homes
- Nicholsville, OH: less expensive homes
- Carthage, KY: higher priced homes
- Mentor, KY: higher priced homes
- Amelia, OH: equally priced homes
- California, KY: higher priced homes
- Gubser Mill, KY: higher priced homes
- Hulington, OH: less expensive homes
- Moscow, OH: equally priced homes
- Melbourne, KY: equally priced homes
Cities with Similar Populations
- Delafield, WI: higher priced homes
- Tell City, IN: less expensive homes
- Tecumseh, OK: less expensive homes
- Tarentum, PA: less expensive homes
- Taos, NM: higher priced homes
- Sunnyvale, TX: higher priced homes
- Spencer, IN: less expensive homes
- Denison, IA: less expensive homes
- DeMotte, IN: equally priced homes
- Delphos, OH: less expensive homes
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