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 $302,694, higher than the Illinois average of $242,002.
The average cost of rent is $1,042/mo in Richmond, primarily driven by the current value of real estate in the Richmond area. While nearly 37.39% of residents own their homes outright in Richmond, 23.68% rent.
Housing affordability isn’t just about home prices, though. The average household income in Richmond is $6,544 per month. Households that rent pay about 15.92% of their income on rent here. Richmond's most expensive areas are in the western regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Solon Mills, IL: equally priced homes
- Spring Grove, IL: equally priced homes
- Genoa City, WI: less expensive homes
- Twin Lakes, WI: less expensive homes
- Ringwood, IL: less expensive homes
- Pistakee Highlands, IL: less expensive homes
- Johnsburg, IL: less expensive homes
- Powers Lake, WI: equally priced homes
- Pell Lake, WI: less expensive homes
- Channel Lake, IL: less expensive homes
Cities with Similar Populations
- Gambier, OH: less expensive homes
- Florissant, CO: equally priced homes
- Lewisburg, OH: less expensive homes
- Avenue B and C, AZ: less expensive homes
- Westfield, NY: less expensive homes
- Spring Valley, TX: higher priced homes
- Ragley, LA: less expensive homes
- Pride, LA: less expensive homes
- Pell Lake, WI: less expensive homes
- Pekin, IN: less expensive homes
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