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 $129,225, lower than the Philadelphia average of $296,499.
The average cost of rent is $1,180/mo in Richmond, primarily driven by the current value of real estate in the Richmond area. While nearly 45.21% of residents own their homes outright in Richmond, 36.51% rent.
Housing affordability isn’t just about home prices, though. The average household income in Richmond is $4,731 per month. Households that rent pay about 24.94% of their income on rent here. Richmond's most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the neighborhood.
Nearby Neighborhoods
- Harrowgate, Philadelphia, PA: less expensive homes
- Kensington, Philadelphia, PA: higher priced homes
- Juniata Park-Feltonville, Philadelphia, PA: less expensive homes
- Fairhill, Philadelphia, PA: less expensive homes
- Frankford, Philadelphia, PA: less expensive homes
- Fishtown, Philadelphia, PA: higher priced homes
- Biedeman, Camden, NJ: less expensive homes
- Hunting Park, Philadelphia, PA: less expensive homes
- Hartranft, Philadelphia, PA: higher priced homes
- Cramer Hill, Camden, NJ: less expensive homes
Neighborhoods with Similar Populations
- Riverview West, Santa Ana, CA: higher priced homes
- North Torrance, Torrance, CA: higher priced homes
- North Valleys, Reno, NV: higher priced homes
- Northeast, Anaheim, CA: higher priced homes
- Northeast Colorado Springs, Colorado Springs, CO: higher priced homes
- Northside, Fort Worth, TX: equally priced homes
- Northwest, Reno, NV: higher priced homes
- Norwood Park, Chicago, IL: higher priced homes
- Rego Park, Queens, NY: higher priced homes
- Rhodes Ranch, Spring Valley, NV: higher priced homes
All Local Stats
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