Home Values

Richmond Heights Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$126,700

  • 5.6% 1-year change
  • 4.0% 1-year forecast

The median home value in Richmond Heights is $126,700. Richmond Heights home values have gone up 5.6% over the past year and Zillow predicts they will rise 4.0% within the next year. The median list price per square foot in Richmond Heights is None. The median rent price in Richmond Heights is $1,225, which is higher than the Cleveland Metro median of $990.

Foreclosures will be a factor impacting home values in the next several years. In Richmond Heights 4.9 homes are foreclosed (per 10,000). This is the same as the Cleveland Metro value of 4.9 and also greater than the national value of 3.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Richmond Heights is 5.1%, which is lower than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Richmond Heights homeowners underwater on their mortgage is 15.3%, which is lower than Cleveland Metro at 19.9%.

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Relative ZHVI
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Richmond Heights Market Overview

Data through May 31, 2015
  • $126,700 ZHVI
  • 4.0% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (May 31, 2016)
  • No data Median listing price
  • No recent data Median sale price
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Richmond Heights Market Health

Data through May 31, 2015
  • No recent data Less healthy
  • No data Average days on Zillow
  • 15.3% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 5.1% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

4.9 homes Richmond Heights
4.9 homes Cleveland Metro
3.5 homes United States
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Nearby Cities

Name Median ZHVI
Highland Heights $217,800
Mayfield $206,900
Willoughby Hills $196,800
Name Median ZHVI
University Heights $135,300
Lyndhurst $122,800
Mayfield Heights $119,200
Name Median ZHVI
Wickliffe $101,500
South Euclid $81,700
Euclid $64,400

Listings & Sales

  • No data
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Richmond Heights Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,284 Richmond Heights
    $1,160 Cleveland Metro
    $1,367 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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