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Richmond Heights Local

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

Median Home$210,699
Median Rent$1,234/month
Population9,949
Leading IndustriesPublic Administration · Transportation · Finance & Insurance34% public administration
Home Value Growth⬆⬆⬆+24.2% over 2 years
Retirees26% of residentswell above average
Homeowners64% of occupied units
Richmond Heights Local
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 Richmond Heights Local?

As of today, the 30-year fixed mortgage rate for Richmond Heights Local is approximately 7.066% (7.108% 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 Richmond Heights Local?

The median home value in Richmond Heights Local is $211k. The median monthly rent is $1,234. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Richmond Heights Local?

Home values in Richmond Heights Local have increased 24.2% 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 Richmond Heights Local?

Based on a typical all-in ownership cost of $1,217/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $52k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Richmond Heights Local is $66k/year.

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What industries drive the economy in Richmond Heights Local?

The largest employment sectors in Richmond Heights Local are public administration (34%) and retail (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.