Housing decision brief
Richmond County, NY Housing Market
Richmond County screens as a higher purchase price, rent that needs comparison, a manageable tax-rate signal market. Use the page as a decision brief, not just a price lookup, because local income, taxes, and data confidence change how affordable the county really is.
58th lowest home value out of 62 New York counties with data | 54th lowest rent out of 62
Median home value
$658,500
Purchase-price signal from Census ACS.
Median rent
$1,689/mo
Gross rent, including utilities where reported.
Monthly owner cost
$2,255/mo
Owner costs before individual loan terms.
Decision snapshot
Read this county in four signals.
Buy screen
6.7x
Median home value divided by local household income.
Rent burden
33.0%
At or above the 30% burden threshold.
Rent vs own
$566/mo
Median rent screens below owner cost.
Data confidence
Clean
No major county-specific caveat detected.
What Works
No signal
No strong positive housing signal was available in the current dataset.
What to Check
No signal
No major watchout was detected from the current housing dataset.
Best Fit For
- No strong fit signal was available in the current dataset.
Poor Fit For
- No strong fit signal was available in the current dataset.
County vs State vs National
The county number only matters after you see the benchmark. These comparisons show where Richmond County is genuinely cheap, where it is average, and where the hidden cost may be.
| Metric | County | State | U.S. | Signal |
|---|---|---|---|---|
Median home value Lower usually helps affordability. | $658,500 | $179,500 | $281,900 | 267% pressure267% above New York county median |
Median gross rent Lower usually helps affordability. | $1,689 | $943 | $1,163 | 79% pressure79% above New York county median |
Monthly owner cost Lower usually helps affordability. | $2,255 | $1,080 | $1,672 | 109% pressure109% above New York county median |
Median household income | $98,290 | $70,695 | $74,755 | 39% favorable39% above New York county median |
Effective property-tax rate Lower usually helps affordability. | 0.92% | 2.00% | 1.02% | 54% favorable54% below New York county median |
Rent burden Lower usually helps affordability. | 33.00% | 29.00% | N/A | 14% pressure33.00% of renter income goes to rent. |
Income Fit
A low price only helps if local income can carry the monthly cost. This panel compares the county income base with rent and owner-cost thresholds.
Rent cushion
+$30,730
Median income minus rent threshold.
Owner cushion
+$1,647
Median income minus owner-cost threshold.
Affordability Advisory
This turns the raw housing numbers into income and buy-versus-rent screens.
Affordability verdict
Housing in Richmond County is affordable. The median rent is $1,689/month against a median household income of $98,290, putting rent at 20.6% of income.
Rent vs own
The median rent in Richmond County is $1,689/month, while owner costs run $2,255/month. Renting saves approximately $566/month.
Income needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $67,560/year. For owner costs at the 28% rule, the required income is roughly $96,643/year. With a median household income of $98,290, most households can comfortably afford rent here. Notably, 33.0% of renter households in Richmond County are cost-burdened, spending more than 30% of income on housing.
Regional context
Within New York, Richmond County is more affordable than Orange County by roughly 5% ($1,689/mo vs $1,602/mo).
Better Counties to Compare
Similar counties are matched on home value, rent, income, and state context. This is more useful than a simple nearest-price list.
| County | Home Value | Rent | Why compare |
|---|---|---|---|
| Westchester County, NY | $638,400 | $1,876/mo | Same-state comparison near $638,400 home value and $1,876/mo rent. |
| Queens County, NY | $699,200 | $1,915/mo | Same-state comparison near $699,200 home value and $1,915/mo rent. |
| Rockland County, NY | $564,200 | $1,826/mo | Same-state comparison near $564,200 home value and $1,826/mo rent. |
| Essex County, MA | $584,000 | $1,673/mo | Out-of-state peer near $584,000 home value and $1,673/mo rent. |
| El Dorado County, CA | $640,500 | $1,626/mo | Out-of-state peer near $640,500 home value and $1,626/mo rent. |
Data Confidence
- No major county-specific data caveat was detected in the current housing fields.
Next Checks
Housing Questions for Richmond County
Is Richmond County affordable for buying a home?
Is renting or owning cheaper in Richmond County?
How much income do you need for housing in Richmond County?
What should I double-check before moving to Richmond County?
Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.