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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 $307,366, higher than the Wisconsin average of $280,373.
The average cost of rent is $863/mo in Richmond, primarily driven by the current value of real estate in the Richmond area. In Richmond, 16.59% of households rent, and 38.63% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Richmond is $6,665 per month. Households that rent pay about 12.94% of their income on rent here. Richmond’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Johnstown, WI: higher priced homes
- Millard, WI: equally priced homes
- Fairfield, WI: less expensive homes
- Lima Center, WI: equally priced homes
- Avalon, WI: higher priced homes
- Whitewater, WI: less expensive homes
- Delavan, WI: less expensive homes
- La Grange, WI: higher priced homes
- Darien, WI: less expensive homes
- Elkhorn, WI: equally priced homes
Cities with Similar Populations
- Quasqueton, IA: less expensive homes
- Longport, NJ: higher priced homes
- Loyalhanna, PA: less expensive homes
- Lyons Falls, NY: less expensive homes
- Mackinaw City, MI: less expensive homes
- McMillin, WA: higher priced homes
- Middle Grove, MO: less expensive homes
- Mott, ND: less expensive homes
- Mount Auburn, IA: equally priced homes
- Piney View, WV: less expensive homes
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