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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.



New Richmond, OH 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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

New Richmond, OH Housing Market Trends

With a population of 2,753, 1,019 total housing units (homes and apartments), and a median house value of $241,541, New Richmond real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in New Richmond, accounting for 69.63% of the village's housing units. Other types of housing that are prevalent in New Richmond include large apartment complexes or high rise apartments ( 18.33%), duplexes, homes converted to apartments or other small apartment buildings ( 6.20%), and a few mobile homes or trailers ( 3.43%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in New Richmond. Owner-occupied housing accounts for 66.32% of New Richmond's homes, and 58.52% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in New Richmond built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in New Richmond built between 2000 and later ( 21.67%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.98%). There's also some housing in New Richmond built before 1939 ( 16.11%).

New Richmond Home Appreciation Rates

Appreciation rates for homes in New Richmond have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 95.55%, which ranks in the top 40% nationwide. This equates to an annual average New Richmond house appreciation rate of 6.94%.

NeighborhoodScout's data show that during the latest twelve months, New Richmond's appreciation rate, at 6.60%, has been at or slightly above the national average. In the latest quarter, New Richmond's appreciation rate has been 0.10%, which annualizes to a rate of 0.40%.

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

Average Home Values

Median Home Value

$241,541

New Richmond, OH Home Prices
> $1,387,000
$1,040,001 - $1,387,000
$694,001 - $1,040,000
$555,001 - $694,000
$416,001 - $555,000
$277,001 - $416,000
$139,001 - $277,000
$69,001 - $139,000
$0 - $69,000
0.0%
0.0%
3.2%
3.2%
1.5%
1.5%
3.7%
3.7%
4.8%
4.8%
30.8%
30.8%
31.1%
31.1%
6.2%
6.2%
18.7%
18.7%
0% 100.0%
% of Homes
Average

for Ohio

Average

for nation

Number of Homes And Apartments:

1,019

New Richmond Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,127 / per month

Homeownership Rate

Owners
Renters
66.3%
66.3%
33.7%
33.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.6%
5.6%
94.4%
94.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
21.7%
21.7%
43.2%
43.2%
19.0%
19.0%
16.1%
16.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
69.6%
69.6%
2.4%
2.4%
6.2%
6.2%
18.3%
18.3%
3.4%
3.4%
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
6.3%
6.3%
9.7%
9.7%
22.0%
22.0%
42.5%
42.5%
16.0%
16.0%
3.4%
3.4%
0% 100.0%
% of Homes

Popular Neighborhoods in New Richmond

Zip Codes in New Richmond, OH