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These days, finding an affordable place to live in the Richmond Hill area can be challenging. Home prices in Richmond Hill are now at a median cost of $762,892, higher than the Queens average of $757,355.
The average cost of rent is $2,003/mo in Richmond Hill, primarily driven by the current value of real estate in the Richmond Hill area. In Richmond Hill, 43.73% of households rent, and 43.21% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Richmond Hill is $7,983 per month. Households that rent pay about 25.09% of their income on rent here. Richmond Hill’s most expensive areas are in the northern regions, while the cheapest areas are in the northeastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Ozone Park, Queens, NY: equally priced homes
- South Ozone Park, Queens, NY: equally priced homes
- Woodhaven, Queens, NY: equally priced homes
- Jamaica, Queens, NY: equally priced homes
- Kew Ggardens, Queens, NY: less expensive homes
- Howard Beach, Queens, NY: less expensive homes
- Forest Hills, Queens, NY: equally priced homes
- Locust Manor, Queens, NY: less expensive homes
- Glendale, Queens, NY: higher priced homes
- East Brooklyn, Brooklyn, NY: less expensive homes
Neighborhoods with Similar Populations
- Austin, Chicago, IL: less expensive homes
- Boyle Heights, Los Angeles, CA: less expensive homes
- Cambrian Park, San Jose, CA: higher priced homes
- Central Phoenix, Phoenix, AZ: less expensive homes
- Mott Haven, Bronx, NY: less expensive homes
- Queens Village, Queens, NY: equally priced homes
- Park Slope, Brooklyn, NY: higher priced homes
- Oak Lawn, Dallas, TX: less expensive homes
- Northwest, Virginia Beach, VA: less expensive homes
- Northwest, Anaheim, CA: less expensive homes
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