Much like its surrounding areas, it is somewhat less expensive compared to the entire nation. Compared to the city of Portland however, it's substantially less expensive.
Home prices
The cost of the median home in Richmond is $164,100. In comparison to the surrounding areas it is approximately $2,180 (1%) higher.It is about $53,400 (24%) lower in comparison to the nation as a whole, and compared to the city of Portland it is about $124,900 (43%) lower.
Rents
Richmond's median rent is $717 a month. It is approximately $30 (4%) lower in comparison to its nearby areas.Compared to the rest of the nation it is roughly $345 (32%) lower, and it is about $407 (36%) lower compared to the city of Portland.
Nearby places
Gardiner
Gardiner is approximately 5 miles north from Richmond. Its housing prices are a bit less expensive. Gardiner's median home price is $140,700, which works out to $23,400 (16%) lower than Richmond. Rent there is similar. Gardiner's median rent is $733 per month, which is $16 (2%) higher than Richmond.
Wiscasset
Wiscasset is about 8 miles southeast from Richmond. The real estate prices there are a bit more expensive. The value of the median home in Wiscasset is $207,500, which comes out to $43,400 (20%) higher than Richmond. Rents there are similar. The median monthly rent in Wiscasset is $734, which comes out to $17 (2%) higher than Richmond.
Randolph
Randolph is about 8 miles north from Richmond. The housing prices there are a bit less expensive. The value of the median home in Randolph is $127,700, which comes out to $36,400 (28%) lower than Richmond. Rent there is somewhat less expensive. In Randolph the median rent is $648 a month, which works out to $69 (10%) lower than Richmond.
Farmingdale
Farmingdale is about 9 miles north from Richmond. Its housing prices are pretty similar. The median home in Farmingdale is valued at $158,000, which works out to $6,100 (3%) lower than Richmond. Rents there are a little more expensive. Farmingdale's median rent is $759 a month, which works out to $42 (5%) higher than Richmond.
Bath
Bath is roughly 10 miles south from Richmond. Its housing prices are somewhat more expensive. The median home value in Bath is $175,700, which comes out to $11,600 (6%) higher than Richmond. The rent there is somewhat more expensive. The median monthly rent in Bath is $862, which works out to $145 (16%) higher than Richmond.
