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 $262,690, higher than the Iowa average of $182,666.
The average cost of rent is $798/mo in Richmond, primarily driven by the current value of real estate in the Richmond area. While nearly 36.92% of residents own their homes outright in Richmond, 27.18% rent.
Housing affordability isn’t just about home prices, though. The average household income in Richmond is $7,790 per month. Households that rent pay about 10.24% of their income on rent here. Richmond's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Kalona, IA: less expensive homes
- Riverside, IA: less expensive homes
- Wellman, IA: less expensive homes
- West Chester, IA: less expensive homes
- Sharon Center, IA: less expensive homes
- Williamstown, IA: equally priced homes
- Washington, IA: less expensive homes
- Ainsworth, IA: less expensive homes
- River Junction, IA: equally priced homes
- Haskins, IA: less expensive homes
Cities with Similar Populations
- Lampeter, PA: equally priced homes
- Salem, TX: less expensive homes
- Lower Genegantslet Corner, NY: less expensive homes
- Loma Mar, CA: higher priced homes
- Lewisburg, OR: higher priced homes
- Lecta, KY: less expensive homes
- Lawyersville, NY: less expensive homes
- Lawton, PA: equally priced homes
- Lawn, PA: less expensive homes
- Laughlintown, PA: less expensive homes
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