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New Richmond Exempted

Learn about the people, housing, costs and businesses in New Richmond Exempted, Ohio

Median Home$242,363
Median Rent$1,022/month
Population13,242
Leading IndustriesTransportation · Healthcare · Retail4% transportation
Home Value Growth⬆⬆+14.2% over 2 years
Young Adults25% of residents
Homeowners84% of occupied units
NotableHigh Incomes$94k/year · top 20% nationally
New Richmond Exempted Village
OH

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in New Richmond Exempted?

As of today, the 30-year fixed mortgage rate for New Richmond Exempted is approximately 6.987% (7.026% 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 Exempted?

The median home value in New Richmond Exempted is $242k. The median monthly rent is $1,022. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New Richmond Exempted?

Home values in New Richmond Exempted have increased 14.2% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

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

Based on a typical all-in ownership cost of $1,159/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $50k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New Richmond Exempted is $94k/year.

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What industries drive the economy in New Richmond Exempted?

The largest employment sectors in New Richmond Exempted are public administration (20%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.