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 $567,612, higher than the Portland average of $436,940.
The average cost of rent is $1,533/mo in Richmond, primarily driven by the current value of real estate in the Richmond area. While nearly 27.13% of residents own their homes outright in Richmond, 52.59% rent.
Housing affordability isn’t just about home prices, though. The average household income in Richmond is $8,146 per month. Households that rent pay about 18.82% of their income on rent here. Richmond's most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the neighborhood.
Nearby Neighborhoods
- Hosford-Abernethy, Portland, OR: higher priced homes
- Creston-Kenilworth, Portland, OR: less expensive homes
- Mount Tabor, Portland, OR: equally priced homes
- Center, Portland, OR: higher priced homes
- Buckman, Portland, OR: equally priced homes
- Kerns, Portland, OR: equally priced homes
- South Tabor, Portland, OR: less expensive homes
- Reed, Portland, OR: equally priced homes
- Brooklyn, Portland, OR: equally priced homes
- Foster-Powell, Portland, OR: less expensive homes
Neighborhoods with Similar Populations
- Woodlawn, Alexandria, VA: less expensive homes
- South, Raleigh, NC: less expensive homes
- East Toledo, Toledo, OH: less expensive homes
- Upper Vailsburg, Newark, NJ: less expensive homes
- Villa Carolina, Carolina, PR: less expensive homes
- Waikiki, Honolulu, HI: less expensive homes
- Ditmas Park, Brooklyn, NY: higher priced homes
- West Las Vegas, Las Vegas, NV: less expensive homes
- Chinquapin Park-Belvedere, Baltimore, MD: equally priced homes
- Central Boulder, Boulder, CO: higher priced homes
All Local Stats
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