Similar to nearby areas, it is significantly less expensive compared to the US as a whole. However it's a bit more expensive compared to the city of Cleveland.
Home prices
The cost of the median home in Richmond is $82,900. This is about $1,580 (1%) higher in comparison to the surrounding areas.It is roughly $134,600 (61%) lower compared to the rest of the country, and it is roughly $13,300 (19%) higher in comparison to the city of Cleveland.
Rents
Richmond's median monthly rent is $788. In comparison to other places in this area this is roughly $83 (11%) higher.It is roughly $274 (25%) lower in comparison to the nation as a whole, and is about $69 (9%) higher in comparison to the city of Cleveland.
Nearby places
Wintersville
Wintersville is roughly 4 miles southeast of Richmond. Housing prices there are a bit more expensive. The cost of the median home in Wintersville is $101,100, which is $18,200 (18%) higher than Richmond. The rent there is a little less expensive. The median monthly rent in Wintersville is $746, which is $42 (5%) lower than Richmond.
Bloomingdale
Bloomingdale is approximately 6 miles south of Richmond. The real estate prices there are pretty similar. The median home in Bloomingdale is valued at $82,800, which is very similar to Richmond. Rent there is a little more expensive. Bloomingdale's median monthly rent is $925, which works out to $137 (14%) higher than Richmond.
Steubenville
Steubenville is roughly 7 miles southeast from Richmond. Housing prices there are a little more expensive. The cost of the median home in Steubenville is $90,300, which works out to $7,400 (8%) higher than Richmond. The rent there is a bit less expensive. The median rent in Steubenville is $663 a month, which works out to $125 (18%) lower than Richmond.
Amsterdam
Amsterdam is approximately 7 miles west of Richmond. Its housing prices are a lot less expensive. The value of the median home in Amsterdam is $47,600, which comes out to $35,300 (74%) lower than Richmond. Rents there are a little less expensive. In Amsterdam the median monthly rent is $608, which comes out to $180 (29%) lower than Richmond.
Toronto
Toronto is approximately 7 miles east of Richmond. Its real estate prices are similar. The median home cost in Toronto is $84,800, which works out to $1,900 (2%) higher than Richmond. Rents there are significantly less expensive. In Toronto the median monthly rent is $582, which works out to $206 (35%) lower than Richmond.
