Market Overview
Home Prices in Richmond Heights, OH
The median home value in Richmond Heights, OH is $249,294 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.9% compared to a year ago and up 3.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Richmond Heights are priced39% below average. Richmond Heights is part of the Cleveland-Elyria, OH metro area.
Over the past five years, Richmond Heights home values have risen by approximately27.7%, reflecting strong long-term appreciation in this market.
Price History
Richmond Heights Home Price Trend
City Comparison
Richmond Heights vs. National Median
At $249,294, homes in Richmond Heights cost 39% below the national median of $410,000. This makes Richmond Heights a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Richmond Heights?
20% Down Payment
$49,859
on $249,294
Monthly P&I
$1,300/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,651/mo
incl. taxes & insurance
Income Needed
$66,040
gross annual (30% rule)
10% Down Option
$24,929
+ PMI applies
Loan Amount (20% dn)
$199,435
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Richmond Heights, OH?
The median home value in Richmond Heights is $249,294 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.9% year-over-year.
How much have home prices changed in Richmond Heights?
Over the past year, home values in Richmond Heights have increased by 2.9%. Over five years, prices have risen approximately 27.7%.
How much do I need to earn to buy a home in Richmond Heights?
To comfortably afford the median home price of $249,294 with a 20% down payment ($49,859) at today's rates (6.8%), you'd need a gross annual income of approximately $66,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Richmond Heights compare to the national average home price?
The national median home value is approximately $410,000. At $249,294, homes in Richmond Heights are 39% below the national average.
What metro area is Richmond Heights part of?
Richmond Heights is part of the Cleveland-Elyria, OH metropolitan area. Home prices and market conditions can vary across the broader metro region.