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Affordable
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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 $183,576, lower than the Missouri average of $246,641.
The average cost of rent is $764/mo in Richmond, primarily driven by the current value of real estate in the Richmond area. In Richmond, 37.63% of households rent, and 40.74% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Richmond is $4,951 per month. Households that rent pay about 15.43% of their income on rent here. Richmond’s most expensive areas are in the northwestern 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
- Henrietta, MO: less expensive homes
- Camden, MO: less expensive homes
- Morton, MO: higher priced homes
- Fleming, MO: equally priced homes
- Hardin, MO: less expensive homes
- Rayville, MO: higher priced homes
- Orrick, MO: equally priced homes
- Millville, MO: higher priced homes
- Lexington, MO: equally priced homes
- Elkhorn, MO: higher priced homes
Cities with Similar Populations
- Oakhurst, NJ: higher priced homes
- Ocklawaha, FL: equally priced homes
- Oceano, CA: higher priced homes
- Ocean View, DE: higher priced homes
- Ocean Shores, WA: higher priced homes
- Ocean Isle Beach, NC: higher priced homes
- Ocean City, MD: higher priced homes
- Oakmont, PA: higher priced homes
- Oakland, MI: higher priced homes
- Oakland, MD: higher priced homes
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