Housing Report for Richmond County, New York
Throughout the State of New York, Richmond County places 5 of 62 by percent in growth of new residential structures. The county places 1,005 of 3,141, compared to change in residential structure growth in counties throughout the Unities States.
Richmond County can be understood as having a extremely high proportion of high-valued homes. In 2005, the American Community Survey accounted that 33.8 percent residential property is valued over $500k.
In Richmond County, there were a total of 173,954 homes in the year 2005. This county has gone through a growth in housing units, adding a total of 7,050 homes since 2001, or 4.2 percent.
Richmond County recorded median owner-occupied home value in the year 2005 of $434,000, accounted by the American Community Survey. This value is greater than the overall State of New York 2005 median home value of $258,900 and greater than home value of $167,500 across the nation during that year.
The residential real estate values in Richmond County, New York have increased very sharply since their reported values in 2000. The values have increased by $224,900, or 107.6 percent, since their values in that year of $209,100.
According to the data, there is a limited amount of housing that is affordable in Richmond County, New York. In 2005, 2.5 percent of residential real estate was valued under $125,000.
Data Source: U.S. Census Bureau
Richmond County can be understood as having a extremely high proportion of high-valued homes. In 2005, the American Community Survey accounted that 33.8 percent residential property is valued over $500k.
In Richmond County, there were a total of 173,954 homes in the year 2005. This county has gone through a growth in housing units, adding a total of 7,050 homes since 2001, or 4.2 percent.
Richmond County recorded median owner-occupied home value in the year 2005 of $434,000, accounted by the American Community Survey. This value is greater than the overall State of New York 2005 median home value of $258,900 and greater than home value of $167,500 across the nation during that year.
The residential real estate values in Richmond County, New York have increased very sharply since their reported values in 2000. The values have increased by $224,900, or 107.6 percent, since their values in that year of $209,100.
According to the data, there is a limited amount of housing that is affordable in Richmond County, New York. In 2005, 2.5 percent of residential real estate was valued under $125,000.
Data Source: U.S. Census Bureau
