Expensive
Affordable
Affordable
Colorblind friendly
off
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 $585,990, lower than the Massachusetts average of $625,090.
The average cost of rent is $1,427/mo in Richmond, primarily driven by the current value of real estate in the Richmond area. In Richmond, 8.73% of households rent, and 51.76% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Richmond is $9,197 per month. Households that rent pay about 15.51% of their income on rent here. Richmond’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- West Stockbridge, MA: equally priced homes
- Canaan, NY: less expensive homes
- Lenox, MA: less expensive homes
- New Lenox, MA: less expensive homes
- Stockbridge, MA: equally priced homes
- Austerlitz, NY: less expensive homes
- Lenox Dale, MA: less expensive homes
- New Lebanon, NY: less expensive homes
- Lee, MA: less expensive homes
- Pittsfield, MA: less expensive homes
Cities with Similar Populations
- Riverton, MN: less expensive homes
- Mayking, KY: less expensive homes
- Alexis, IL: less expensive homes
- McCullom Lake, IL: less expensive homes
- McGrady, NC: less expensive homes
- McMeekin, FL: less expensive homes
- Melber, KY: less expensive homes
- Reynolds, IL: less expensive homes
- Ridge Farm, IL: less expensive homes
- Ridgeway, OH: less expensive homes
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren’t able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood