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Affordable
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These days, finding an affordable place to live in the Richard City area can be challenging. Home prices in Richard City are now at a median cost of $153,446, lower than the Tennessee average of $315,131.
The average cost of rent is $785/mo in Richard City, primarily driven by the current value of real estate in the Richard City area. In Richard City, 36.19% of households rent, and 43.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Richard City is $4,740 per month. Households that rent pay about 16.55% of their income on rent here. Richard City’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- South Pittsburg, TN: higher priced homes
- Orme, TN: higher priced homes
- New Hope, TN: higher priced homes
- Bridgeport, AL: higher priced homes
- Kimball, TN: higher priced homes
- Montague, AL: higher priced homes
- Long Island, AL: higher priced homes
- Glover Hill, TN: higher priced homes
- Bryant, AL: higher priced homes
- Jasper, TN: higher priced homes
Cities with Similar Populations
- Rocky Point, ID: higher priced homes
- Riverdale, AR: higher priced homes
- Riverdale, DE: higher priced homes
- Riverside Park, NE: higher priced homes
- Riverton, NE: less expensive homes
- Riverville, VA: higher priced homes
- Roanoke Junction, AL: higher priced homes
- Robin Hood Lakes, PA: higher priced homes
- Rock, LA: equally priced homes
- Rock Run, AL: higher priced homes
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