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New Richmond

Learn about the people, housing, costs and businesses in New Richmond, West Virginia

Median Home$86,500
Median Rent$534/month
Population189
Leading IndustriesManufacturing · Agriculture & Mining · Information & Media16% manufacturing
Retirees28% of residentswell above average
Homeowners78% of occupied units
NotableAffordable Market$87k median home · lower cost than 96% of the country
NotableVeteran Community10% of residents · top 14% nationally
New Richmond
WV

Frequently Asked Questions

What are today's mortgage rates in New Richmond?

As of today, the 30-year fixed mortgage rate for New Richmond is approximately 6.992% (7.035% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in New Richmond?

The median home value in New Richmond is $87k. The median monthly rent is $534. Annual property taxes average $356. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in New Richmond?

Based on a typical all-in ownership cost of $500/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $21k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New Richmond is $50k/year.

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What industries drive the economy in New Richmond?

The largest employment sectors in New Richmond are public administration (21%) and agriculture and mining (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.