Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Richmond area can be challenging. Home prices in Richmond are now at a median cost of $100,400, lower than the Alabama average of $185,232.
The average cost of rent is $597/mo in Richmond, primarily driven by the current value of real estate in the Richmond area. While nearly 84.36% of residents own their homes outright in Richmond, 27.24% rent.
Housing affordability isn’t just about home prices, though. The average household income in Richmond is $2,451 per month. Households that rent pay about 24.36% of their income on rent here. Richmond's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Tilden, AL: equally priced homes
- Carlowville, AL: equally priced homes
- Pinebelt, AL: less expensive homes
- Annemanie, AL: higher priced homes
- Shawnee, AL: higher priced homes
- Farmersville, AL: less expensive homes
- Tasso, AL: less expensive homes
- Sardis, AL: less expensive homes
- Boykin, AL: less expensive homes
- Minter, AL: less expensive homes
Cities with Similar Populations
- Oklahoma Flat, TX: equally priced homes
- Redwater, MS: less expensive homes
- Redland, LA: higher priced homes
- Red Spring, WV: equally priced homes
- Red Hill, NM: higher priced homes
- Recluse, WY: higher priced homes
- Old Shawneetown, IL: less expensive homes
- Old Columbine, AZ: higher priced homes
- Okobojo, SD: higher priced homes
- Reevesville, IL: higher priced homes
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