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 $310,208, lower than the Minnesota average of $345,793.
The average cost of rent is $944/mo in Richmond, primarily driven by the current value of real estate in the Richmond area. In Richmond, 11.51% of households rent, and 43.70% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Richmond is $7,725 per month. Households that rent pay about 12.22% of their income on rent here. Richmond’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Cold Spring, MN: higher priced homes
- Roscoe, MN: equally priced homes
- Jacobs Prairie, MN: higher priced homes
- St. Martin, MN: equally priced homes
- Eden Valley, MN: less expensive homes
- Rockville, MN: higher priced homes
- Paynesville, MN: less expensive homes
- Watkins, MN: equally priced homes
- Collegeville, MN: higher priced homes
- Avon, MN: equally priced homes
Cities with Similar Populations
- Bentleyville, PA: less expensive homes
- Bismarck, AR: less expensive homes
- Burton, OH: less expensive homes
- Hagerstown, IN: less expensive homes
- Salina, OK: less expensive homes
- South Mills, NC: higher priced homes
- Redland, AL: equally priced homes
- Unadilla, NY: less expensive homes
- Norwich, VT: higher priced homes
- Montrose, NY: higher priced 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