Richmond Heights, MO Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Richmond Heights, MO Housing Market Trends

With a population of 8,801, 4,149 total housing units (homes and apartments), and a median house value of $264,112, Richmond Heights real estate is some of the most expensive in Missouri, although Richmond Heights home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Richmond Heights, accounting for 59.39% of the city's housing units. Other types of housing that are prevalent in Richmond Heights include duplexes, homes converted to apartments or other small apartment buildings ( 23.90%), large apartment complexes or high rise apartments ( 15.04%), and a few row houses and other attached homes ( 1.67%).

People in Richmond Heights primarily live in small (one, two or no bedroom) single-family detached homes. Richmond Heights has a mixture of owner-occupied and renter-occupied housing.

The housing in Richmond Heights was primarily built before 1939 ( 48.81%), making the housing stock in Richmond Heights some of the oldest overall in America, although there is a range of ages of homes in Richmond Heights. The next most important housing age is between 1940-1969 ( 32.58%), followed by between 1970-1999 ( 9.36%). There's also some housing in Richmond Heights built between 2000 and later ( 9.25%).

Richmond Heights Home Appreciation Rates

Appreciation rates for homes in Richmond Heights have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 42.18%, which ranks in the top 50% nationwide. This equates to an annual average Richmond Heights house appreciation rate of 3.58%.

Over the last year, Richmond Heights appreciation rates have trailed the rest of the nation. In the last twelve months, Richmond Heights's appreciation rate has been 6.05%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Richmond Heights were at 2.15%, which equates to an annual appreciation rate of 8.87%.

Relative to Missouri, our data show that Richmond Heights's latest annual appreciation rate is lower than 80% of the other cities and towns in Missouri.

Average Home Values

 

Median Home Value:
$264,112

Richmond Heights, MO HOME PRICES

> $1,191,000
4.7%
4.7%
$893,001 - $1,191,000
6.1%
6.1%
$596,001 - $893,000
8.7%
8.7%
$476,001 - $596,000
5.4%
5.4%
$357,001 - $476,000
13.4%
13.4%
$239,001 - $357,000
28.2%
28.2%
$119,001 - $239,000
29.7%
29.7%
$59,001 - $119,000
3.5%
3.5%
$0 - $59,000
0.4%
0.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for MO

Value Relative To Nation

Number Of Homes And Apartments:
4,149

Richmond Heights Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MO*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
83.73% 2.87%
8
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,384 / per month

Homeownership Rate

Owners
55.6%
55.6%
Renters
44.4%
44.4%
Vacant
6.2%
6.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
9.2%
9.2%
1970 - 1999
9.4%
9.4%
1940 - 1969
32.6%
32.6%
1939 or Older
48.8%
48.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
59.4%
59.4%
Townhomes
1.7%
1.7%
Small Apt. Buildings
23.9%
23.9%
Apt. Complexes
15.0%
15.0%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.1%
2.1%
1 Bedroom
17.7%
17.7%
2 Bedrooms
35.0%
35.0%
3 Bedrooms
28.6%
28.6%
4 Bedrooms
11.4%
11.4%
5 or more bedrooms
5.3%
5.3%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Richmond Heights

Zip Codes in Richmond Heights, MO