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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 $220,889, lower than the Ohio average of $236,816.
The average cost of rent is $873/mo in Richwood, primarily driven by the current value of real estate in the Richwood area. In Richwood, 22.72% of households rent, and 33.26% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Richwood is $6,108 per month. Households that rent pay about 14.28% of their income on rent here. Richwood’s most expensive areas are in the northern 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.
Nearby Cities
- Claiborne, OH: higher priced homes
- Essex, OH: higher priced homes
- Magnetic Springs, OH: higher priced homes
- Summersville, OH: higher priced homes
- Pharisburg, OH: higher priced homes
- West Jackson, OH: higher priced homes
- Newman, OH: less expensive homes
- Broadway, OH: higher priced homes
- Prospect, OH: equally priced homes
- Radnor, OH: higher priced homes
Cities with Similar Populations
- Leighton, AL: less expensive homes
- Tusculum, TN: higher priced homes
- Telluride, CO: higher priced homes
- St. Henry, OH: higher priced homes
- Ray, MI: higher priced homes
- Aguanga, CA: higher priced homes
- Nesquehoning, PA: less expensive homes
- Naples, NY: equally priced homes
- McSherrystown, PA: less expensive homes
- Hessmer, LA: less expensive homes
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