The typical owner-occupied home in Richmond Dale is worth about $87,000, 59% below the Ohio median of $214,800 and 74% below the national median of $332,700. Owners pay a median $929 a year in property taxes, about 1.07% of their home's value, lower than the Ohio rate of 1.31%. The median household earns $64,438 a year, so the median home costs 1.4 times the median income (3.0 times for Ohio). 100% of occupied homes here are lived in by their owners, and 56% of those owners still have a mortgage.
Richmond Dale at a glance
| Richmond Dale | Ohio | U.S. | |
|---|---|---|---|
| Median home value | $87,000 | $214,800 | $332,700 |
| Median property tax paid per year | $929 | $2,822 | $3,119 |
| Property tax as a share of value | 1.07% | 1.31% | 0.94% |
| Median household income | $64,438 | $71,389 | $80,734 |
| Homes lived in by their owners | 100% | 67% | 65% |
| Owner homes with a mortgage | 56% | 61% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,517 | $1,963 |
| Median rent | – | $1,034 | $1,413 |
| Median year homes were built | 1956 | 1970 | 1980 |
| Vacant homes | 0.0% | 8.1% | 10.1% |
| Population | 473 | 11,810,293 | 334,922,499 |
What a typical home costs per month in Richmond Dale
At this week's average 30-year rate of 7.11%, buying the median Richmond Dale home of $87,000 with 20% down costs about $582 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $727, 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 $24,944 for the 20%-down payment. That payment is 11% of the median Richmond Dale household income of $64,438; at that income and 20% down, the 28% guideline points to a home of about $225,000.
| Down payment | $17,400 |
|---|---|
| Loan amount | $69,600 |
| Principal and interest | $468 |
| Property taxes (1.07% a year) | $78 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| PMI | $0 |
| Total per month | $582 |
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| Down payment | $3,045 |
|---|---|
| Loan amount | $85,424 |
| Principal and interest | $575 |
| Property taxes (1.07% a year) | $78 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| FHA mortgage insurance | $38 |
| Total per month | $727 |
Change the numbers in the calculator
Questions about home buying in Richmond Dale
What is the median home value in Richmond Dale?
About $87,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Richmond Dale?
Homeowners pay a median $929 a year, which is about 1.07% 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 Dale?
For the median home with 20% down at 7.11%, the payment is about $582 a month. Keeping that under 28% of gross income takes about $24,944 a year.
More about Richmond Dale
- Mortgage Refinance in Richmond Dale
- Debt Relief in Richmond Dale
- Home Equity Loans in Richmond Dale
- 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