Richmond Heights, MO—63117
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Richmond Heights, MO
As of Oct '25, the median home price in Richmond Heights, MO is $361,000, with a year-over-year change of 0.9%. This indicates that home prices in Richmond Heights, MO are flat. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $361,000 | 0.9% |
| Single Family | $356,000 | 0.8% |
| Condos | $524,000 | -1.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $271,000 | 0.7% |
3 Bed | $374,000 | 0.8% |
4 Bed | $588,000 | 2.4% |
| 5 Bed | $1,267,000 | 5.4% |
% of Housing Stock
Rental Trends — Richmond Heights, MO
As of July '25, Rentcast reports the average rent in Richmond Heights, MO is $1,760, with a year-over-year rent change of 13.5%. Per bedroom, the median rent as of July '25 in Richmond Heights, MO is 1-bedrooms: $1,100, 2-bedrooms: $1,700, 3-bedrooms: $2,490, 4-bedrooms: $3,590. The most common rental property sizes in Richmond Heights, MO are 2-bedroom and 1-bedroom, accounting for 43.3% and 42.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,760 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,100 | $1,100 |
| 2 Bed Rent | $1,650 | $1,700 |
| 3 Bed Rent | $1,900 | $2,490 |
| 4 Bed Rent | $3,300 | $3,590 |
% of Rental Stock
Property Listings — Richmond Heights, MO
As of Oct '25, Realtor.com reports that the median days on market for a home in Richmond Heights, MO is 40. This is a increase of 67.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $491,000 | 12.0% |
Listing Count | 35 | 16.0% |
| Listings as % of Homes | 0.4% | 16.0% |
Days on Market | 40 | 67.0% |
Demographics — Richmond Heights, MO
As of the latest ACS Survey released in 2023, Richmond Heights, MO has a population of 9,190, which has increased by 2.3% over the past 5 years. Richmond Heights, MO is a moderately popular place for families, as children make up 20.5% of the population. The area has a highly educated workforce, with 73.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,190 | 2.3% |
% Under 18 | 20.5% | 23.5% |
% Seniors | 12.4% | -12.7% |
% WFH | 19.7% | 140.2% |
% w/ College Degree | 73.7% | 5.7% |
As of the latest ACS Survey released in 2023, Richmond Heights, MO is a predominantly white area, with 82.1% of the population identifying as white. The white population has grown by 8.5% in the last 5 years. The second most common race or ethnicity in Richmond Heights, MO is black, making up 5.8% of the population. Foreign-born residents account for 9.5% of the population in Richmond Heights, MO, and this percentage has increased by 5.6% 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 | 82.1% | 8.5% |
% Black | 5.8% | -48.2% |
% Hispanic | 3.3% | 10.0% |
% Asian | 4.6% | -40.3% |
% Foreign Born | 9.5% | 5.6% |
Mortgage and Risk — Richmond Heights, MO
According to HUD data as of 2023, there were 155 mortgage originations in Richmond Heights, MO, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Richmond Heights, MO. Investor activity is low, as 8.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 155 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 8.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Richmond Heights, MO
As of 2024, the percent of homes in Richmond Heights, MO under the Section 8 program is 0.4%. 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. In Richmond Heights, MO, 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 | 10 |
Total Units Section 8 | 10 |
% Rentals under Section 8 | 0.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$10 | $1,100 | $1,090 |
| 2 Bedroom | -$300 | $1,650 | $1,350 |
| 3 Bedroom | -$160 | $1,900 | $1,740 |
| 4 Bedroom | -$1,290 | $3,300 | $2,010 |
Affordability — Richmond Heights, MO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $361,000 |
| Median Household Income | $86,700 |