Richwood, OH—43344
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Richwood, OH
As of Oct '25, the median home price in Richwood, OH is $254,000, with a year-over-year change of -0.0%. This indicates that home prices in Richwood, OH are flat. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $254,000 | -0.0% |
| Single Family | $258,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $187,000 | 3.9% |
3 Bed | $280,000 | 1.4% |
4 Bed | $300,000 | 0.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Richwood, OH
As of July '25, Rentcast reports the average rent in Richwood, OH is $1,780, with a year-over-year rent change of 97.8%. Per bedroom, the median rent as of July '25 in Richwood, OH is 1-bedrooms: $719, 3-bedrooms: $2,850. The most common rental property sizes in Richwood, OH are 2-bedroom and 4-bedroom, accounting for 38.4% and 24.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $719 | $1,780 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $719 | $719 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,850 | $2,850 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Richwood, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Richwood, OH is 40. This is a decrease of -22.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $364,000 | -8.0% |
Listing Count | 21 | -2.0% |
| Listings as % of Homes | 0.3% | -2.0% |
Days on Market | 40 | -22.0% |
Demographics — Richwood, OH
As of the latest ACS Survey released in 2023, Richwood, OH has a population of 6,050, which has remained stable by 0.9% over the past 5 years. Richwood, OH is a popular place for families, as children make up 25.3% of the population. The area has a poorly educated workforce, with 14.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,050 | 0.9% |
% Under 18 | 25.3% | 0.0% |
% Seniors | 16.4% | 11.6% |
% WFH | 5.6% | 16.7% |
% w/ College Degree | 14.2% | -8.4% |
As of the latest ACS Survey released in 2023, Richwood, OH is a predominantly white area, with 93.8% of the population identifying as white. The white population has shrunk by 2.5% in the last 5 years. The second most common race or ethnicity in Richwood, OH is hispanic, making up 3.7% of the population. Foreign-born residents account for 1.6% of the population in Richwood, OH, and this percentage has increased by 23.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.8% | -2.5% |
% Black | 0.0% | -100.0% |
% Hispanic | 3.7% | 131.2% |
% Asian | 0.4% | ∞% |
% Foreign Born | 1.6% | 23.1% |
Mortgage and Risk — Richwood, OH
According to HUD data as of 2023, there were 162 mortgage originations in Richwood, OH, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Richwood, OH. Investor activity is low, as 1.0% of loans were by investors. 27.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 162 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 27.0% |
Loan Activity
Rentals and Section 8 — Richwood, OH
Richwood, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 48 |
Total Units Section 8 | 48 |
% Rentals under Section 8 | 9.4% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $241 | $719 | $960 |
| 2 Bedroom | N/A | N/A | $1,180 |
| 3 Bedroom | -$1,430 | $2,850 | $1,420 |
| 4 Bedroom | N/A | N/A | $1,580 |
Affordability — Richwood, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $254,000 |
| Median Household Income | $80,100 |