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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



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 Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (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 9,115 people, 4,344 houses or apartments, and a median cost of homes of $377,900, 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 57.68% 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 ( 21.98%), large apartment complexes or high rise apartments ( 18.81%), and a few row houses and other attached homes ( 1.53%).

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 ( 47.32%), 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 ( 28.18%), followed by between 2000 and later ( 15.30%). There's also some housing in Richmond Heights built between 1970-1999 ( 9.20%).

Richmond Heights Home Appreciation Rates

Real estate appreciation rates in Richmond Heights's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.75% during the period.

Appreciation rates are so strong in Richmond Heights that despite a nationwide downturn in the housing market, Richmond Heights real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Richmond Heights appreciation rates continue to be some of the highest in America, at 7.49%, which is higher than appreciation rates in 86.51% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Richmond Heights. Richmond Heights appreciation rates in the latest quarter were at 4.80%, which equates to an annual appreciation rate of 20.62%.

Importantly, this makes Richmond Heights one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Missouri, our data show that Richmond Heights's latest annual appreciation rate is higher than 70% of the other cities and towns in Missouri.

Average Home Values

Median Home Value

$377,900

Richmond Heights Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,804 / per month

Homeownership Rate

Owners
Renters
Vacant
54.4%
54.4%
45.6%
45.6%
6.4%
6.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
15.3%
15.3%
9.2%
9.2%
28.2%
28.2%
47.3%
47.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
57.7%
57.7%
1.5%
1.5%
22.0%
22.0%
18.8%
18.8%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.0%
2.0%
19.9%
19.9%
32.9%
32.9%
30.3%
30.3%
10.6%
10.6%
4.3%
4.3%
0% 100.0%
% of Homes

Popular Neighborhoods in Richmond Heights

Zip Codes in Richmond Heights, MO