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Richwoods R-VII

Learn about the people, housing, costs and businesses in Richwoods R-VII, Missouri

Median Home$138,396
Median Rent$809/month
Population1,817
Leading IndustriesPublic Administration · Healthcare29% public administration
Home Value Growth⬆⬆⬆+24.1% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners83% of occupied units
NotableAffordable Market$138k median home · lower cost than 94% of the country
Richwoods R-VII
MO

Frequently Asked Questions

What are today's mortgage rates in Richwoods R-VII?

As of today, the 30-year fixed mortgage rate for Richwoods R-VII is approximately 6.963% (7.005% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Richwoods R-VII
What is the median home price in Richwoods R-VII?

The median home value in Richwoods R-VII is $138k. The median monthly rent is $809. Annual property taxes average $755. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Richwoods R-VII?

Home values in Richwoods R-VII have increased 24.1% 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 Richwoods R-VII?

Based on a typical all-in ownership cost of $660/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $28k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Richwoods R-VII is $60k/year.

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What industries drive the economy in Richwoods R-VII?

The largest employment sectors in Richwoods R-VII are public administration (29%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.