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 $83,543, lower than the Mississippi average of $145,564.
The average cost of rent is $774/mo in Richmond, primarily driven by the current value of real estate in the Richmond area. While nearly 56.60% of residents own their homes outright in Richmond, 18.64% rent.
Housing affordability isn’t just about home prices, though. The average household income in Richmond is $3,577 per month. Households that rent pay about 21.63% 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.
Nearby Cities
- Plantersville, MS: higher priced homes
- Nettleton, MS: equally priced homes
- Mooresville, MS: higher priced homes
- Carolina, MS: equally priced homes
- Mooreville, MS: higher priced homes
- Verona, MS: higher priced homes
- Shannon, MS: higher priced homes
- Van Buren, MS: higher priced homes
- Tupelo, MS: higher priced homes
- Bigbee, MS: equally priced homes
Cities with Similar Populations
- London, IN: higher priced homes
- Lily Dale, NY: higher priced homes
- Linndale, OH: less expensive homes
- Little Shasta, CA: higher priced homes
- Littleton, WV: less expensive homes
- Livingston, SC: less expensive homes
- Locust Hill, NC: higher priced homes
- Locust Ridge, OH: higher priced homes
- London, CA: higher priced homes
- Lilly, GA: less expensive homes
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