Richmond Heights, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Richmond Heights Neighborhoods Since 2000




Richmond Heights, MO Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Richmond Heights Housing Market Information

With 8,481 people, 4,009 houses or apartments, and a median cost of homes of $261,648, 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 60.05% 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 ( 23.84%), large apartment complexes or high rise apartments ( 13.71%), and a few row houses and other attached homes ( 2.26%).

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 ( 46.42%), 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 ( 38.54%), followed by between 1970-1999 ( 7.75%). There's also some housing in Richmond Heights built between 2000 and later ( 7.29%).

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 0.63%, which ranks in the top 50% nationwide. This equates to an annual average Richmond Heights house appreciation rate of 0.06%.

NeighborhoodScout's data show that during the latest twelve months, Richmond Heights's appreciation rate, at 4.36%, has been at or slightly above the national average. In the latest quarter, Richmond Heights's appreciation rate has been 1.03%, which annualizes to a rate of 4.19%.

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:
$261,648

Richmond Heights, MO HOME PRICES

Value Range
> $1,140,000 5.3
$855,001 - $1,140,000 6.3
$570,001 - $855,000 5.4
$456,001 - $570,000 3.6
$342,001 - $456,000 12.6
$228,001 - $342,000 26.0
$114,001 - $228,000 32.0
$57,001 - $114,000 6.5
$0 - $57,000 2.3

Very High for MO
High for Nation

Value Relative to Nation Value Relative to State
20.8015938122583 6.0

Number Of Homes And Apartments:
4,009

Richmond Heights Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MO*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
48.40% 2.31% 8 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,189 / per month

Homeownership Rate

Homeownership
Owners 54.40
Renters 45.60
Vacant 8.37

Housing Market Details

 

Age of Homes

AGE OF Richmond Heights HOMES
2000 or Newer 7.3
1970 - 1999 7.7
1940 - 1969 38.5
1939 or Older 46.4

Types of Homes

TYPE OF Richmond Heights HOMES
Single-Family 60.0
Townhomes 2.3
Small Apt. Buildings 23.8
Apt. Complexes 13.7
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Richmond Heights HOMES
No Bedroom 3.15
1 Bedroom 17.83
2 Bedrooms 32.82
3 Bedrooms 29.94
4 Bedrooms 12.09
5 or more bedrooms 4.16

Popular Neighborhoods in Richmond Heights

Zip Codes in Richmond Heights, MO