The Most Affordable Neighborhoods in Richmond Factory, Augusta, GA by Home Value

 

Richmond Factory, Augusta, GA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Richmond Factory area can be challenging. Home prices in Richmond Factory are now at a median cost of $149,501, lower than the Augusta average of $228,531.

The average cost of rent is $1,097/mo in Richmond Factory, primarily driven by the current value of real estate in the Richmond Factory area. In Richmond Factory, 44.45% of households rent, and 38.07% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Richmond Factory is $5,647 per month. Households that rent pay about 19.43% of their income on rent here. Richmond Factory’s most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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