The Most Affordable Neighborhoods in Richwood, LA by Home Value

These days, finding an affordable place to live in the Richwood area can be challenging. Home prices in Richwood are now at a median cost of $71,598, lower than the Louisiana average of $235,139.

The average cost of rent is $851/mo in Richwood, primarily driven by the current value of real estate in the Richwood area. In Richwood, 63.33% of households rent, and 77.50% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Richwood is $2,786 per month. Households that rent pay about 30.56% of their income on rent here. Richwood’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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