Home prices
The price of the median home in Richmond is $212,100. This is roughly $10,820 (5%) higher in comparison to other places in this area.Compared to the rest of the country it is about $5,400 (2%) lower, and it is approximately $102,400 (32%) lower compared to the city of Salt Lake City.
Rents
In Richmond the median rent is $797 per month. This is about $21 (2%) higher compared to the surrounding areas.In comparison to the rest of the nation it is roughly $265 (24%) lower, and in comparison to the city of Salt Lake City is roughly $188 (19%) lower.
Nearby places
Lewiston
Lewiston is approximately 4 miles northwest from Richmond. Real estate prices there are somewhat less expensive. Lewiston's median home value is $185,900, which comes out to $26,200 (14%) lower than Richmond. Rents there are a bit more expensive. Lewiston's median monthly rent is $850, which comes out to $53 (6%) higher than Richmond.
Trenton
Trenton is roughly 5 miles west of Richmond. Its housing prices are somewhat less expensive. Trenton's median home price is $196,600, which works out to $15,500 (7%) lower than Richmond. Rents there are a bit less expensive. In Trenton the median rent is $621 per month, which works out to $176 (28%) lower than Richmond.
Smithfield
Smithfield is about 5 miles south of Richmond. Its real estate prices are somewhat more expensive. The value of the median home in Smithfield is $237,100, which comes out to $25,000 (10%) higher than Richmond. Rent there is a little more expensive. The median rent in Smithfield is $905 per month, which works out to $108 (11%) higher than Richmond.
Franklin
Franklin is roughly 5 miles north from Richmond. Real estate prices there are significantly less expensive. The median home in Franklin is valued at $134,500, which works out to $77,600 (57%) lower than Richmond. The rent there is similar. Franklin's median rent is $829 per month, which comes out to $32 (3%) higher than Richmond.
Amalga
Amalga is about 5 miles southwest of Richmond. Its real estate prices are somewhat more expensive. The value of the median home in Amalga is $252,300, which comes out to $40,200 (15%) higher than Richmond. Rents there are somewhat less expensive. The median monthly rent in Amalga is $675, which comes out to $122 (18%) lower than Richmond.
