Home prices
The value of the median home in Richmond Heights is $211,000. It is roughly $124,980 (37%) lower in comparison to the surrounding areas.Compared to the rest of the country it is approximately $6,500 (2%) lower, and compared to the city of Miami is about $106,700 (33%) lower.
Rents
In Richmond Heights the median monthly rent is $1,478. This is is very similar in comparison to other places in this area.Compared to the United States as a whole it is about $416 (39%) higher, and compared to the city of Miami is roughly $295 (24%) higher.
Nearby places
Palmetto Estates
Palmetto Estates is Richmond Heights's neighbor to the southeast. The housing prices there are somewhat more expensive. The median home in Palmetto Estates is valued at $236,000, which comes out to $25,000 (10%) higher than Richmond Heights. Its rents are fairly similar. In Palmetto Estates the median monthly rent is $1,519, which is $41 (2%) higher than Richmond Heights.
Three Lakes
Three Lakes is Richmond Heights's neighbor to the west. The real estate prices there are a bit more expensive. The median home cost in Three Lakes is $294,100, which comes out to $83,100 (28%) higher than Richmond Heights. Its rents are a little more expensive. Three Lakes's median monthly rent is $1,836, which is $358 (19%) higher than Richmond Heights.
Kendall
Kendall is Richmond Heights's neighbor to the north. Its housing prices are a lot more expensive. The median home in Kendall costs $382,400, which works out to $171,400 (44%) higher than Richmond Heights. Its rents are fairly similar. The median rent in Kendall is $1,543 a month, which works out to $65 (4%) higher than Richmond Heights.
West Perrine
West Perrine is approximately 2 miles south from Richmond Heights. Housing prices there are pretty similar. West Perrine's median home price is $205,100, which comes out to $5,900 (2%) lower than Richmond Heights. Rent there is a lot less expensive. The median monthly rent in West Perrine is $1,071, which is $407 (38%) lower than Richmond Heights.
Palmetto Bay
Palmetto Bay is approximately 3 miles east from Richmond Heights. Real estate prices there are a lot more expensive. Palmetto Bay's median home price is $562,300, which is $351,300 (62%) higher than Richmond Heights. Its rents are pretty similar. In Palmetto Bay the median rent is $1,426 a month, which works out to $52 (3%) lower than Richmond Heights.
