Home prices
The median home in New Richmond costs $161,900. It is approximately $8,560 (5%) higher compared to nearby areas.It is roughly $55,600 (25%) lower in comparison to the nation as a whole, and is about $23,900 (17%) higher compared to the city of Cincinnati.
Rents
The median rent in New Richmond is $702 per month. In comparison to other places in this area this is approximately $72 (9%) lower.Compared to the entire nation it is roughly $360 (33%) lower, and is approximately $36 (4%) lower in comparison to the city of Cincinnati.
Nearby places
Amelia
Amelia is roughly 5 miles northeast of New Richmond. Its housing prices are a little less expensive. The median home in Amelia is valued at $147,900, which works out to $14,000 (9%) lower than New Richmond. The rent there is significantly more expensive. The median rent in Amelia is $1,179 a month, which comes out to $477 (40%) higher than New Richmond.
Alexandria
Alexandria is about 5 miles west of New Richmond. Real estate prices there are a bit more expensive. The value of the median home in Alexandria is $179,700, which is $17,800 (9%) higher than New Richmond. The rent there is a little more expensive. The median rent in Alexandria is $867 per month, which works out to $165 (19%) higher than New Richmond.
Mentor
Mentor is roughly 5 miles south from New Richmond. The real estate prices there are similar. Mentor's median home cost is $163,400, which is very similar to New Richmond. Rents there are a lot less expensive. In Mentor the median rent is $525 a month, which works out to $177 (33%) lower than New Richmond.
Melbourne
Melbourne is about 6 miles northwest of New Richmond. Real estate prices there are a bit less expensive. The cost of the median home in Melbourne is $128,700, which comes out to $33,200 (25%) lower than New Richmond. Rents there are a lot less expensive. Melbourne's median monthly rent is $475, which works out to $227 (47%) lower than New Richmond.
Withamsville
Withamsville is about 6 miles north of New Richmond. Its real estate prices are somewhat less expensive. Withamsville's median home value is $147,000, which is $14,900 (10%) lower than New Richmond. Its rents are a little more expensive. Withamsville's median rent is $822 per month, which is $120 (14%) higher than New Richmond.
