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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 $166,406, lower than the Ohio average of $236,816.
The average cost of rent is $933/mo in Richmond, primarily driven by the current value of real estate in the Richmond area. In Richmond, 22.87% of households rent, and 51.29% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Richmond is $5,859 per month. Households that rent pay about 15.93% of their income on rent here. Richmond’s most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Reeds Mill, OH: equally priced homes
- Belvedere, OH: equally priced homes
- Bloomingdale, OH: higher priced homes
- New Somerset, OH: higher priced homes
- East Springfield, OH: equally priced homes
- Wintersville, OH: less expensive homes
- Unionport, OH: less expensive homes
- Pottery Addition, OH: less expensive homes
- Bergholz, OH: less expensive homes
- Steubenville, OH: less expensive homes
Cities with Similar Populations
- Atkins, IA: higher priced homes
- Winters, TX: less expensive homes
- Waterford, VA: higher priced homes
- Wacousta, MI: higher priced homes
- Vinton, OH: higher priced homes
- Union, NH: higher priced homes
- Transfer, PA: less expensive homes
- Townsend, GA: higher priced homes
- Sullivan, WI: higher priced homes
- Remsen, NY: equally priced homes
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