The Most Affordable Neighborhoods in Richmond Heights-Orlando, Orlando, FL by Home Value

 

Richmond Heights-Orlando, Orlando, FL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Richmond Heights-Orlando area can be challenging. Home prices in Richmond Heights-Orlando are now at a median cost of $211,758, lower than the Orlando average of $384,607.

The average cost of rent is $1,622/mo in Richmond Heights-Orlando, primarily driven by the current value of real estate in the Richmond Heights-Orlando area. In Richmond Heights-Orlando, 31.94% of households rent, and 46.00% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Richmond Heights-Orlando is $4,096 per month. Households that rent pay about 39.60% of their income on rent here. Richmond Heights-Orlando’s most expensive areas are in the western regions, while the cheapest areas are in the southern 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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