Is Richmond Heights, OH a good place to invest in rental property?

Richmond Heights, OH has a median modeled monthly cash flow of $-345 and a median cap rate of 4.7%, on a median sold price of $247,900. Prices changed +1.1% year over year.

What is the average cap rate in Richmond Heights, OH?

The median cap rate across recently sold homes in Richmond Heights, OH is 4.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Richmond Heights, OH?

The median sold price in Richmond Heights, OH is $247,900 (about $140 per square foot).

Investing in Richmond Heights, OH Real Estate

A data-driven snapshot of the Richmond Heights, OH rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$247,900Median sold price

$140Median $/sqft

4.7%Median cap rate

$-345Modeled cash flow / mo

+1.1%Appreciation YoY

4.1Months of supply

32Active listings

93Sold (last 12 mo)

What the Richmond Heights numbers say

In Richmond Heights, OH, the median home sold for $247,900 (about $140 per square foot), and the typical deal models out to a 4.7% cap rate with a median $-345 of monthly cash flow. Sold prices moved +1.1% over the past year. Inventory sits at about 4.1 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Ohio markets to compare

See Richmond Heights cash-flowing listings

CashFlowRE ranks every for-sale home in Richmond Heights, OH by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Richmond Heights deals, or browse the national market data.