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Affordable
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These days, finding an affordable place to live in the Richmond Heights area can be challenging. Home prices in Richmond Heights are now at a median cost of $206,450, lower than the Ohio average of $236,816.
The average cost of rent is $1,293/mo in Richmond Heights, primarily driven by the current value of real estate in the Richmond Heights area. In Richmond Heights, 32.59% of households rent, and 34.46% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Richmond Heights is $5,883 per month. Households that rent pay about 21.97% of their income on rent here. Richmond Heights’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Highland Heights, OH: higher priced homes
- Euclid, OH: less expensive homes
- Lyndhurst, OH: equally priced homes
- South Euclid, OH: less expensive homes
- Willoughby Hills, OH: higher priced homes
- Mayfield, OH: higher priced homes
- Wickliffe, OH: less expensive homes
- Mayfield Heights, OH: higher priced homes
- East Cleveland, OH: less expensive homes
- Cleveland Heights, OH: equally priced homes
Cities with Similar Populations
- Wrentham, MA: higher priced homes
- Athol, MA: higher priced homes
- Atoka, TN: higher priced homes
- Augusta, KS: equally priced homes
- Austin, AR: higher priced homes
- Baker City, OR: higher priced homes
- Bargersville, IN: higher priced homes
- Wood River, IL: less expensive homes
- Woods Cross, UT: higher priced homes
- Worth, IL: equally priced homes
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