New Richmond, OH—45157
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Richmond, OH
As of Oct '25, the median home price in New Richmond, OH is $300,000, with a year-over-year change of 4.7%. This indicates that home prices in New Richmond, OH are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $300,000 | 4.7% |
| Single Family | $306,000 | 5.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $173,000 | 5.5% |
3 Bed | $302,000 | 4.9% |
4 Bed | $359,000 | 3.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — New Richmond, OH
As of July '25, Rentcast reports the average rent in New Richmond, OH is $1,480, with a year-over-year rent change of -27.1%. Per bedroom, the median rent as of July '25 in New Richmond, OH is studios: $1,300, 1-bedrooms: $985, 2-bedrooms: $1,350, 3-bedrooms: $1,490, 4-bedrooms: $2,400. The most common rental property sizes in New Richmond, OH are 2-bedroom and 3-bedroom, accounting for 42.4% and 33.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,480 |
| Studio Rent | $1,300 | $1,300 |
| 1 Bed Rent | $985 | $985 |
| 2 Bed Rent | $1,300 | $1,350 |
| 3 Bed Rent | $1,200 | $1,490 |
| 4 Bed Rent | $2,400 | $2,400 |
% of Rental Stock
Property Listings — New Richmond, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in New Richmond, OH is 35. This is a decrease of -3.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $369,000 | -1.0% |
Listing Count | 38 | 31.0% |
| Listings as % of Homes | 0.4% | 31.0% |
Days on Market | 35 | -3.0% |
Demographics — New Richmond, OH
As of the latest ACS Survey released in 2023, New Richmond, OH has a population of 9,650, which has decreased by -6.4% over the past 5 years. New Richmond, OH is a moderately popular place for families, as children make up 19.6% of the population. The area has a poorly educated workforce, with 24.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,650 | -6.4% |
% Under 18 | 19.6% | -25.8% |
% Seniors | 17.5% | 42.3% |
% WFH | 6.0% | 20.0% |
% w/ College Degree | 24.5% | 4.3% |
As of the latest ACS Survey released in 2023, New Richmond, OH is a predominantly white area, with 95.3% of the population identifying as white. The white population has grown by 1.0% in the last 5 years. The second most common race or ethnicity in New Richmond, OH is black, making up 2.2% of the population. Foreign-born residents account for 0.5% of the population in New Richmond, OH, and this percentage has decreased by 72.2% 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 | 95.3% | 1.0% |
% Black | 2.2% | 450.0% |
% Hispanic | 0.2% | -93.8% |
% Asian | 0.1% | -50.0% |
% Foreign Born | 0.5% | -72.2% |
Mortgage and Risk — New Richmond, OH
According to HUD data as of 2023, there were 181 mortgage originations in New Richmond, OH, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in New Richmond, OH. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 181 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — New Richmond, OH
As of 2024, the percent of homes in New Richmond, OH under the Section 8 program is 8.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in New Richmond, OH, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 98 |
Total Units Section 8 | 59 |
% Rentals under Section 8 | 8.4% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$155 | $985 | $830 |
| 2 Bedroom | -$220 | $1,300 | $1,080 |
| 3 Bedroom | $230 | $1,200 | $1,430 |
| 4 Bedroom | -$810 | $2,400 | $1,590 |
Affordability — New Richmond, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $300,000 |
| Median Household Income | $96,900 |