Richmond County, New York Housing Market
In Richmond County, New York, the median home value is $675,500, with a median monthly rent of $1,733. This places Richmond County at #58 nationally out of 3134 counties by median home value, and #5 within New York.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,177
- Establishments: 10,310
- BLS QCEW, 2025
Housing Supply
- Single-family: 87
- Multi-family: 421
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 205,119 (avg $85,766)
- Outflow: 203,985 (avg $87,352)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Richmond County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 10307 | 299.1 | +10.64% | 2025 |
| 2 | 10309 | 305.4 | +11.77% | 2025 |
| 3 | 10303 | 341.4 | +11.35% | 2025 |
| 4 | 10314 | 319.6 | +7.34% | 2025 |
| 5 | 10308 | 306.6 | +11.33% | 2025 |
| 6 | 10306 | 307.0 | +4.98% | 2025 |
| 7 | 10301 | 301.5 | +3.20% | 2025 |
| 8 | 10312 | 301.3 | +5.87% | 2025 |
| 9 | 10305 | 323.5 | +6.25% | 2025 |
| 10 | 10310 | 305.5 | +8.66% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Richmond County Compares
| Metric | Richmond County | New York Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $675,500 | $281,200 | $227,706 |
| Median Gross Rent | $1,733 | $1,168 | $968 |
| Owner Occupancy Rate | 67.7% | 69.3% | 73.3% |
| Price/Rent Ratio | 32.5 | 18.4 | 18.7 |
Market Analysis
The median home value in Richmond County is 140.2% above the New York state average and 196.7% above the U.S. national average. The median rent of $1,733/month is 48.4% above the state average.
With a price-to-rent ratio of 32.5, Richmond County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Richmond County has an owner-occupancy rate of 67.7%, compared to 69.3% in New York and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| El Dorado County | California | $679,900 | $1,715 |
| Gallatin County | Montana | $667,600 | $1,694 |
| Norfolk County | Massachusetts | $683,900 | $2,149 |
| Nassau County | New York | $684,700 | $2,252 |
| Chaffee County | Colorado | $665,700 | $1,611 |
Other Counties in New York
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Nassau County | $684,700 | $2,252 | 81.9% |
| Westchester County | $663,200 | $1,951 | 61.8% |
| Queens County | $723,800 | $1,956 | 44.9% |
| Rockland County | $596,900 | $1,901 | 67.9% |
| Suffolk County | $578,400 | $2,255 | 82.2% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).