Richmond Heights, Highland Heights, OH—44143
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Richmond Heights, Highland Heights, OH
As of Oct '25, the median home price in Richmond Heights, Highland Heights, OH is $299,000, with a year-over-year change of 4.5%. This indicates that home prices in Richmond Heights, Highland Heights, OH are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $299,000 | 4.5% |
| Single Family | $313,000 | 4.3% |
| Condos | $166,000 | 3.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $175,000 | 5.4% |
3 Bed | $260,000 | 4.4% |
4 Bed | $383,000 | 4.6% |
| 5 Bed | $498,000 | 4.2% |
% of Housing Stock
Rental Trends — Richmond Heights, Highland Heights, OH
As of July '25, Rentcast reports the average rent in Richmond Heights, Highland Heights, OH is $1,850, with a year-over-year rent change of 54.2%. Per bedroom, the median rent as of July '25 in Richmond Heights, Highland Heights, OH is 1-bedrooms: $1,590, 2-bedrooms: $1,320, 3-bedrooms: $2,170, 4-bedrooms: $2,370. The most common rental property sizes in Richmond Heights, Highland Heights, OH are 2-bedroom and 1-bedroom, accounting for 39.0% and 37.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,590 | $1,850 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,590 | $1,590 |
| 2 Bed Rent | $1,300 | $1,320 |
| 3 Bed Rent | $2,200 | $2,170 |
| 4 Bed Rent | $1,700 | $2,370 |
% of Rental Stock
Property Listings — Richmond Heights, Highland Heights, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Richmond Heights, Highland Heights, OH is 45. This is a decrease of -7.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $337,000 | -11.0% |
Listing Count | 93 | 7.0% |
| Listings as % of Homes | 0.6% | 7.0% |
Days on Market | 45 | -7.0% |
Demographics — Richmond Heights, Highland Heights, OH
As of the latest ACS Survey released in 2023, Richmond Heights, Highland Heights, OH has a population of 24,300, which has remained stable by 0.4% over the past 5 years. Richmond Heights, Highland Heights, OH is a moderately popular place for families, as children make up 18.9% of the population. The area has a moderately educated workforce, with 43.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,300 | 0.4% |
% Under 18 | 18.9% | 9.2% |
% Seniors | 27.1% | 9.7% |
% WFH | 15.7% | 190.7% |
% w/ College Degree | 43.4% | 3.3% |
As of the latest ACS Survey released in 2023, Richmond Heights, Highland Heights, OH is a predominantly white area, with 56.1% of the population identifying as white. The white population has shrunk by 8.5% in the last 5 years. The second most common race or ethnicity in Richmond Heights, Highland Heights, OH is black, making up 34.9% of the population. Foreign-born residents account for 8.8% of the population in Richmond Heights, Highland Heights, OH, and this percentage has decreased by 29.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 56.1% | -8.5% |
% Black | 34.9% | 25.1% |
% Hispanic | 2.7% | 17.4% |
% Asian | 3.2% | -43.9% |
% Foreign Born | 8.8% | -29.6% |
Mortgage and Risk — Richmond Heights, Highland Heights, OH
According to HUD data as of 2023, there were 468 mortgage originations in Richmond Heights, Highland Heights, OH, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Richmond Heights, Highland Heights, OH. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 468 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Richmond Heights, Highland Heights, OH
As of 2024, the percent of homes in Richmond Heights, Highland Heights, OH under the Section 8 program is 17.8%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Richmond Heights, Highland Heights, OH, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 477 |
Total Units Section 8 | 473 |
% Rentals under Section 8 | 17.8% |
% Occupied Section 8 | 88.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$650 | $1,590 | $940 |
| 2 Bedroom | -$160 | $1,300 | $1,140 |
| 3 Bedroom | -$730 | $2,200 | $1,470 |
| 4 Bedroom | -$130 | $1,700 | $1,570 |
Affordability — Richmond Heights, Highland Heights, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $299,000 |
| Median Household Income | $75,900 |