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 $277,022, lower than the Utah average of $361,191.
The average cost of rent is $921/mo in Richmond, primarily driven by the current value of real estate in the Richmond area. While nearly 33.63% of residents own their homes outright in Richmond, 14.35% rent.
Housing affordability isn’t just about home prices, though. The average household income in Richmond is $6,683 per month. Households that rent pay about 13.79% of their income on rent here. Richmond's most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Lewiston, UT: less expensive homes
- Smithfield, UT: equally priced homes
- Amalga, UT: equally priced homes
- Trenton, UT: equally priced homes
- Franklin, ID: equally priced homes
- Hyde Park, UT: higher priced homes
- Cornish, UT: equally priced homes
- North Logan, UT: higher priced homes
- Newton, UT: equally priced homes
- Cache Junction, UT: equally priced homes
Cities with Similar Populations
- Climax, NC: less expensive homes
- East Rockingham, NC: less expensive homes
- Romney, WV: less expensive homes
- Lovell, WY: less expensive homes
- Mescalero, NM: less expensive homes
- Moreland Hills, OH: higher priced homes
- Mount Oliver, PA: less expensive homes
- Murchison, TX: less expensive homes
- Okemah, OK: less expensive homes
- Osakis, MN: less expensive homes
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