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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 $83,721, lower than the West Virginia average of $177,366.
The average cost of rent is $545/mo in New Richmond, primarily driven by the current value of real estate in the New Richmond area. In New Richmond, 24.61% of households rent, and 68.47% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Richmond is $5,471 per month. Households that rent pay about 9.96% of their income on rent here. New Richmond’s most expensive areas are in the northeastern 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
- Pineville, WV: higher priced homes
- Rock View, WV: higher priced homes
- Windom, WV: equally priced homes
- Itmann, WV: less expensive homes
- Alpoca, WV: less expensive homes
- Wyoming, WV: equally priced homes
- Saulsville, WV: higher priced homes
- Mullens, WV: less expensive homes
- Bud, WV: less expensive homes
- Brenton, WV: higher priced homes
Cities with Similar Populations
- Canaan, IN: higher priced homes
- Wall, PA: less expensive homes
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- Cherokee, TX: higher priced homes
- Cerro, NM: higher priced homes
- Ceres, VA: higher priced homes
- Central City, AR: higher priced homes
- Center Hill, AL: higher priced homes
- Centenary, VA: higher priced homes
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