Richmond County, New York Housing Market Prices
Richmond County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 17% above the New York median More expensive than 90% of counties in New York$552,254
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Median rent 7% above the New York median More expensive than 87% of counties in New York$1,732
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Richmond County | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $552,254 | $471,885 | $248,835 |
| Price Trend (Annual %) | 4.6% | 7.1% | 7.5% |
| Median Gross Rent | $1,732 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 4.8% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Richmond County is about 17% higher than in New York. Rent is about 7% higher than the New York average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Richmond County, up about 4.6% and 4.8% a year respectively. Rent is changing faster.
Median rent in Richmond County rose about 48.2% between 2015 and 2024, from $1,169 to $1,732. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 5.6 yearly household incomes in Richmond County.
Buying the median-priced home in Richmond County costs roughly 26.6 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Richmond County. The price-to-rent ratio in New York is about 24.3.
| Metric | Richmond County | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $552,254 | $471,885 | $248,835 |
| Median Household Income | $98,311 | $86,556 | $80,455 |
| Price-to-Income Ratio | 5.6 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Richmond County rose about 42.3%, while median household income rose about 33.2% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Richmond County | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.7% | 48.8% | 58.5% |
| Rental Rate | 29.8% | 41.1% | 31.2% |
| Vacancy Rate | 7.5% | 10.1% | 10.2% |
| Median Tenure (years) | 17.0 | 17.0 | 15.0 |
| Median Year Moved In | 2009 | 2009 | 2011 |
Richmond County has a homeownership rate of 62.7%, higher than the New York average of 48.8%. Its housing vacancy rate is 7.5%, compared with 10.1% in New York.
Housing Stock
| Metric | Richmond County | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.85 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1961 | 1960 | 1978 |
| Median Number of Rooms | 5.6 | 5.0 | 5.5 |
The typical housing unit in Richmond County was built around 1961. On average, 2.9 people live in a home with about 5.6 rooms, staying for about 17.0 years on average.
Richmond County, NY Housing Compared With Nearby Counties
Richmond County, NY is the smallest of the 6 counties compared here, 494,794 residents against a local median of 861,155. Richmond County, NY's homeownership, at 67.8%, runs 121% above the 30.7% typical of the counties around it. That is the better end of the local range on this measure.
Median home price tells the same story from another angle: $552,254 against a local median of $435,289, 27% above it. The counties themselves spread 32.3% on homeownership, so Richmond County, NY sits at one end of an already wide local range rather than apart from it. Richmond County, NY has the highest homeownership of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Richmond County, NY | 494,794 | $552,254 #3/6 | $1,732 #4/6 | 67.8% #1/6 |
| Hudson County, NJ | 717,070 | $432,092 | $1,892 | 30.7% |
| Union County, NJ | 578,268 | $435,289 | $1,730 | 57.4% |
| Kings County, NY | 2,630,245 | $977,210 | $1,832 | 29.5% |
| Essex County, NJ | 861,155 | $295,435 | $1,531 | 44.9% |
| New York County, NY | 1,628,057 | $1,358,349 | $2,197 | 25.1% |
Frequently Asked Questions
Common questions about the housing market in Richmond County, New York.
What is the median home price in Richmond County, New York?
The median home price in Richmond County, New York is $552,254, higher than the New York average of $471,885.
What is the average home price in Richmond County, New York?
The typical home price in Richmond County, New York, reported as the median sale price, is $552,254. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Richmond County, New York?
The median gross rent in Richmond County, New York is $1,732 per month, higher than the New York average of $1,621.
What was the median gross rent in Richmond County in 2020?
In 2020, the median gross rent in Richmond County, New York was $1,378 per month.
What is the price-to-rent ratio in Richmond County, New York?
The price-to-rent ratio in Richmond County, New York is about 26.6, meaning it would take roughly 26.6 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Richmond County.
Are home prices or rent rising faster in Richmond County, New York?
Both home prices and rent are rising in Richmond County, up about 4.6% and 4.8% a year respectively. Rent is changing faster.
What is the homeownership rate in Richmond County, New York?
62.7% of households in Richmond County, New York own their home, higher than the New York average of 48.8%.
What is the vacancy rate in Richmond County, New York?
The housing vacancy rate in Richmond County, New York is 7.5%, lower than the New York average of 10.1%.
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