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Housing in Richwood

A typical Richwood home is worth roughly $118,000

Typical home value
$118K
IL $298K
Estimate
2-bedroom rent
$990
a month, utilities in · HUD
Median tax bill
$1,818
IL $5,298

What kind of housing town is Richwood?

Read from the numbers below. The page puts what stands out first.

★ What stands out · Affordability

What it takes to buy in Richwood

Try your own numbers below.

You could afford about
$280,000
Typical Richwood home $118K

That covers a typical Richwood home, with $162K to spare.

The typical home, each month
$820
Loan $590Tax $200Insurance $30

A two-bedroom rents for about $990 a month here, $170 more than owning.

Where your budget reaches nearby

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the Illinois typical property tax (2.01% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

The homes

90% of Richwood households own their home

Half of Richwood’s homes were built before 1964.

Owners and renters
Own 90%Rent 10%

Illinois: 67% own.

1964
typical home built · IL 1971
$1,818
median property tax bill · IL $5,298
3%
of homes are seasonal or vacation homes

U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.

Renting

A two-bedroom rents for about $990

Fair Market Rent a month, utilities included

Studio$760
1 bedroom$800
2 bedrooms$990
3 bedrooms$1,270
4 bedrooms$1,480
10%
of households rent · IL 33%
11
renter households

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (St. Louis, MO-IL HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Next door

Richwood vs. its neighbors

The towns that share a border with Richwood. Tap one to see its housing page.

Compare more
TownTypical value1-yr change2-bed rentMedian income
Richwood$118K*—$990$84,375
English$200K*+10.2%†$990$94,881

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Richwood buyers, sellers and renters are saying.

Town Square →
Weigh in
Is Richwood still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.

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