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New Richmond

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

Median Home$194,000
Median Rent$939/month
Population2,592
Leading IndustriesHealthcare · Information & Media · Arts, Food & Hospitality16% healthcare
Home Value Growth+7.5% over 2 years
Young Adults24% of residents
Homeowners78% of occupied units
NotableAmenity Score67/100 · highly walkable area
New Richmond
OH

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 7.041% (7.082% 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 $194k. The median monthly rent is $939. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New Richmond?

Home values in New Richmond have increased 7.5% over the past two years. This represents moderate growth. 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?

Based on a typical all-in ownership cost of $951/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New Richmond is $73k/year.

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What industries drive the economy in New Richmond?

The largest employment sectors in New Richmond are public administration (18%) and healthcare (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.