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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 $404,076, lower than the Utah average of $525,914.
The average cost of rent is $1,075/mo in Richmond, primarily driven by the current value of real estate in the Richmond area. In Richmond, 10.19% of households rent, and 31.12% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Richmond is $8,769 per month. Households that rent pay about 12.26% 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.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lewiston, UT: equally priced homes
- Smithfield, UT: higher 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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