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Richmond West

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

Median Home$511,482
Median Rent$2,847/month
Population35,855
Leading IndustriesFinance & Insurance · Education · Information & Media8% finance & insurance
Home Value Growth⬆⬆⬆+27.4% over 2 years
Young Adults25% of residents
Homeowners84% of occupied units
NotableHigh Incomes$105k/year · top 14% nationally
Richmond West
FL

Frequently Asked Questions

What are today's mortgage rates in Richmond West?

As of today, the 30-year fixed mortgage rate for Richmond West is approximately 6.817% (6.850% 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 West?

The median home value in Richmond West is $511k. The median monthly rent is $2,847. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Richmond West?

Home values in Richmond West have increased 27.4% 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 West?

Based on a typical all-in ownership cost of $2,097/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $90k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Richmond West is $105k/year.

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What industries drive the economy in Richmond West?

The largest employment sectors in Richmond West are public administration (24%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.