New Richmond, OH housing market
The typical New Richmond home is worth about $309,000, up 3.9% in a year, 24% above the Ohio typical home. Homes typically sell in 46 days, close to asking.
Home values, sales, trends and how New Richmond compares with the towns next door — updated as new data is published.
New Richmond at a glance
A seller's market
Supply is tight — about 3.3 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | New Richmond | Ohio |
|---|---|---|
| 2017 | $163,000 | $133,000 |
| 2018 | $174,000 | $141,000 |
| 2019 | $184,000 | $150,000 |
| 2020 | $198,000 | $158,000 |
| 2021 | $225,000 | $178,000 |
| 2022 | $250,000 | $195,000 |
| 2023 | $264,000 | $211,000 |
| 2024 | $276,000 | $224,000 |
| 2025 | $292,000 | $237,000 |
| 2026 | $305,000 | $245,000 |
| August 2026 | $309,000 | $249,000 |
New Richmond and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| New Richmond | $309K | +3.9% | $1,080 | $80,536 |
| Pierce | — | +5.3%† | $1,270 | $89,577 |
| Ohio | — | +3.5%† | $1,090 | $73,289 |
† FHFA price index change, where Zillow has no home value for the town.
3.8 years of income
The typical New Richmond home costs about 3.8 years of the town's median household income, more than across Ohio (3.5 years).
How New Richmond ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,080
HUD's Fair Market Rent for a two-bedroom in New Richmond is $1,080 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in New Richmond pay a median of $738, so moving in tends to cost more than staying put. A two-bedroom takes about 16% of the town's median household income.
Studio $760 · 4 bedrooms $1,580
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (45157; Cincinnati, OH-KY-IN HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. 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.