The housing market in New Richmond, OH is thriving, with a median value of $243,600. This is significantly lower than the US median value of $338,100 but considerably higher than the one-year appreciation rate of 8.27%. In fact, the one-year appreciation rate for homes in New Richmond, OH is 13.22%, indicating that home values are on the rise. This shows a trend of steady growth and suggests that now may be a great time to invest in real estate in the area.
The median home cost in New Richmond is $243,600. Home appreciation the last 10 years has been 84.0%. Home Appreciation in New Richmond is up 15.4%.
Average Age of Homes
- The median age of New Richmond real estate is 47 years old
The Rental Market in New Richmond
- Renters make up 26.6% of the New Richmond population
- 0.0% of houses and apartments in New Richmond, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.