The typical owner-occupied home in Richmond County is worth about $675,500, 59% above the New York median of $423,800 and 2.0 times the national median of $332,700. Owners pay a median $6,247 a year in property taxes, about 0.92% of their home's value, lower than the New York rate of 1.55%. The median household earns $98,333 a year, so the median home costs 6.9 times the median income (4.9 times for New York). 68% of occupied homes here are lived in by their owners, and 65% of those owners still have a mortgage.
Richmond County at a glance
| Richmond County | New York | U.S. | |
|---|---|---|---|
| Median home value | $675,500 | $423,800 | $332,700 |
| Median property tax paid per year | $6,247 | $6,582 | $3,119 |
| Property tax as a share of value | 0.92% | 1.55% | 0.94% |
| Median household income | $98,333 | $85,974 | $80,734 |
| Homes lived in by their owners | 68% | 54% | 65% |
| Owner homes with a mortgage | 65% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $2,979 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 26.9% | 22.5% | 21.0% |
| Median rent | $1,733 | $1,621 | $1,413 |
| Rent as a share of renters' income | 33.7% | 31.2% | 30.6% |
| Median year homes were built | 1974 | 1959 | 1980 |
| Vacant homes | 7.5% | 10.0% | 10.1% |
| Population | 494,956 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Richmond County
At this week's average 30-year rate of 7.11%, buying the median Richmond County home of $675,500 with 20% down costs about $4,435 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,560, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $190,056 for the 20%-down payment. That payment is 54% of the median Richmond County household income of $98,333; at that income and 20% down, the 28% guideline points to a home of about $349,000.
The median rent here is $1,733 a month, so owning the median home costs about $2,702 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $135,100 |
|---|---|
| Loan amount | $540,400 |
| Principal and interest | $3,635 |
| Property taxes (0.92% a year) | $518 |
| Homeowners insurance (our estimate, 0.5% a year) | $281 |
| PMI | $0 |
| Total per month | $4,435 |
Change the numbers in the calculator
| Down payment | $23,642 |
|---|---|
| Loan amount | $663,265 |
| Principal and interest | $4,462 |
| Property taxes (0.92% a year) | $518 |
| Homeowners insurance (our estimate, 0.5% a year) | $281 |
| FHA mortgage insurance | $299 |
| Total per month | $5,560 |
Change the numbers in the calculator
Questions about home buying in Richmond County
What is the median home value in Richmond County?
About $675,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Richmond County?
Homeowners pay a median $6,247 a year, which is about 0.92% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Richmond County?
For the median home with 20% down at 7.11%, the payment is about $4,435 a month. Keeping that under 28% of gross income takes about $190,056 a year.
More about Richmond County
- Mortgage Refinance in Richmond County
- Debt Relief in Richmond County
- Home Equity Loans in Richmond County
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data