Much like its nearby areas, it is substantially less expensive compared to the US as a whole. However it is substantially more expensive compared to the city of Cleveland.
Home prices
The median home in Richmond Heights is valued at $141,100. This is is very similar in comparison to nearby areas.It is roughly $76,400 (35%) lower compared to the entire nation, and compared to the city of Cleveland is roughly $71,500 (102%) higher.
Rents
The median monthly rent in Richmond Heights is $782. Compared to other places in this area this is roughly $261 (25%) lower.Compared to the rest of the country it is roughly $280 (26%) lower, and compared to the city of Cleveland it is about $63 (8%) higher.
Nearby places
Euclid
Euclid is Richmond Heights's neighbor to the north. The real estate prices there are substantially less expensive. Euclid's median home cost is $82,600, which is $58,500 (70%) lower than Richmond Heights. Rent there is pretty similar. Euclid's median rent is $782 a month, which is very similar to Richmond Heights.
South Euclid
South Euclid is Richmond Heights's neighbor to the south. Real estate prices there are significantly less expensive. The median home in South Euclid costs $100,200, which works out to $40,900 (40%) lower than Richmond Heights. The rent there is somewhat more expensive. South Euclid's median rent is $1,082 per month, which works out to $300 (27%) higher than Richmond Heights.
Lyndhurst
Lyndhurst is Richmond Heights's neighbor to the south. The real estate prices there are similar. Lyndhurst's median home value is $143,600, which works out to $2,500 (1%) higher than Richmond Heights. Rents there are significantly more expensive. The median rent in Lyndhurst is $1,257 a month, which is $475 (37%) higher than Richmond Heights.
Mayfield
Mayfield is approximately 2 miles east from Richmond Heights. Its real estate prices are significantly more expensive. Mayfield's median home value is $234,000, which comes out to $92,900 (39%) higher than Richmond Heights. Its rents are significantly more expensive. The median rent in Mayfield is $1,166 a month, which is $384 (32%) higher than Richmond Heights.
Mayfield Heights
Mayfield Heights is approximately 3 miles southeast of Richmond Heights. Real estate prices there are pretty similar. The median home in Mayfield Heights is valued at $145,400, which is $4,300 (2%) higher than Richmond Heights. Rents there are a little more expensive. Mayfield Heights's median rent is $927 per month, which works out to $145 (15%) higher than Richmond Heights.
