Home prices
The value of the median home in Richmond is $188,000. It is about $12,660 (6%) lower compared to other places in this area.In comparison to the country as a whole it is roughly $29,500 (13%) lower, and it is approximately $70,000 (27%) lower compared to the city of Chicago.
Rents
The median rent in Richmond is $938 a month. This is about $88 (8%) lower in comparison to nearby areas.In comparison to the country as a whole it is roughly $124 (11%) lower, and is about $174 (15%) lower compared to the city of Chicago.
Nearby places
Genoa City
Genoa City is Richmond's neighbor to the north. The real estate prices there are a little less expensive. The median home in Genoa City costs $160,700, which is $27,300 (16%) lower than Richmond. Rents there are a little more expensive. Genoa City's median monthly rent is $1,063, which comes out to $125 (11%) higher than Richmond.
Ringwood
Ringwood is approximately 4 miles south of Richmond. Its housing prices are a lot more expensive. The median home price in Ringwood is $289,400, which works out to $101,400 (35%) higher than Richmond. Its rents are a bit more expensive. The median rent in Ringwood is $1,188 a month, which is $250 (21%) higher than Richmond.
Twin Lakes
Twin Lakes is approximately 4 miles northeast of Richmond. The housing prices there are a little more expensive. Twin Lakes's median home price is $203,700, which is $15,700 (7%) higher than Richmond. Rent there is a bit less expensive. In Twin Lakes the median monthly rent is $877, which works out to $61 (6%) lower than Richmond.
Hebron
Hebron is about 5 miles west of Richmond. Real estate prices there are a bit less expensive. The median home in Hebron costs $157,400, which comes out to $30,600 (19%) lower than Richmond. Its rents are a bit more expensive. In Hebron the median rent is $995 a month, which comes out to $57 (5%) higher than Richmond.
Wonder Lake
Wonder Lake is roughly 5 miles south from Richmond. Its housing prices are similar. The median home in Wonder Lake costs $192,100, which works out to $4,100 (2%) higher than Richmond. Its rents are a little more expensive. Wonder Lake's median rent is $1,007 a month, which is $69 (6%) higher than Richmond.
