Home Values

Richmond Hill 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

$223,600

  • 6.4% 1-year change
  • 2.5% 1-year forecast

The median home value in Richmond Hill is $223,600. Richmond Hill home values have gone up 6.4% over the past year and Zillow predicts they will rise 2.5% within the next year. The median list price per square foot in Richmond Hill is $113, which is higher than the Savannah Metro average of $108. The median price of homes currently listed in Richmond Hill is $264,700 while the median price of homes that sold is $226,900. The median rent price in Richmond Hill is $1,300, which is higher than the Savannah Metro median of $1,180.

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 Hill is 3.4%, which is lower than the national value of 6.3%. 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 Hill homeowners underwater on their mortgage is 20.7%.

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Relative ZHVI
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Richmond Hill Market Overview

Data through Feb 28, 2015
  • $223,600 ZHVI
  • 2.5% 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
    (Feb 29, 2016)
  • $264,700 Median listing price
  • $226,900 Median sale price (Jan 31, 2015)
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Richmond Hill Market Health

Data through Feb 28, 2015
  • No recent data
  • No data Average days on Zillow
  • 20.7% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 3.4% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)
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Nearby Cities

Name Median ZHVI
Skidaway Island $418,100
Isle of Hope $260,200
Montgomery $197,900
Name Median ZHVI
Pooler $164,000
Thunderbolt $149,700
Georgetown $140,700
Name Median ZHVI
Bloomingdale $130,500
Savannah $103,000
Garden City $91,100

Listings & Sales

Data through Feb 28, 2015
  • $113 Median list price / sq ft
  • $112 Median sale price / sq ft (Jan 31, 2015)
  • 10.9% Listings with price cut
25.7%
Sold below listing
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Richmond Hill Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,577 Richmond Hill
    $1,222 Savannah Metro
    $1,355 United States

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

  • 2.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,300 Rent list price
  • $0.83 Rent list price / sq ft
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