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 $159,615, lower than the Louisiana average of $194,522.
The average cost of rent is $807/mo in Richmond, primarily driven by the current value of real estate in the Richmond area. While nearly 58.51% of residents own their homes outright in Richmond, 16.77% rent.
Housing affordability isn’t just about home prices, though. The average household income in Richmond is $5,528 per month. Households that rent pay about 14.59% of their income on rent here. Richmond's most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Tallulah, LA: less expensive homes
- Englewood, LA: less expensive homes
- Ashly, LA: less expensive homes
- Thomastown, LA: equally priced homes
- Mound, LA: equally priced homes
- Waverly, LA: less expensive homes
- Delta, LA: equally priced homes
- Tendal, LA: less expensive homes
- Cedars, MS: less expensive homes
- Vicksburg, MS: less expensive homes
Cities with Similar Populations
- Saratoga, IN: less expensive homes
- Industry, CA: higher priced homes
- Industry, IL: less expensive homes
- Ingleside on the Bay, TX: higher priced homes
- Irvine, PA: less expensive homes
- Irwin, IA: equally priced homes
- Isleboro, FL: higher priced homes
- Iverson, MN: higher priced homes
- Kaneville, IL: higher priced homes
- Kirby, AR: less expensive homes
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