Richmond Hill, GA is an area that has seen incredible growth in the housing market in the past year. The median value of a house in Richmond Hill is $352,500, which is higher than the US House Median Value of $338,100. This highlights the fact that houses in Richmond Hill are more valuable than their national counterparts. Additionally, the one-year appreciation rate for homes in Richmond Hill was 16.21%, more than double the one-year US House Appreciation rate of 8.27%. This indicates that these homes are increasing in value at a much faster rate than homes elsewhere in the country. With such high values for housing and rapid appreciation rates, Richmond Hill provides an excellent opportunity for those looking to invest or purchase a home.
The median home cost in Richmond Hill is $352,500. Home appreciation the last 10 years has been 88.2%. Home Appreciation in Richmond Hill is up 21.2%.
Average Age of Homes
- The median age of Richmond Hill real estate is 21 years old
The Rental Market in Richmond Hill
- Renters make up 43.7% of the Richmond Hill population
- 3.7% of houses and apartments in Richmond Hill, 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.