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New Richmond village, OH

ZIP 45157 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 45157

Median Home Value
$232,700
Median Rent
$774
Affordability Snapshot
$64,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,495/mo PITI).

10%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.4x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

25.1 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 45157 in New Richmond village, OH, a household would need roughly $64,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,495. That sits below the local median household income ($96,875), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
84.4%+29% vs US avg
x
Vacancy Rate
8.5%-17% vs US avg
x
Broadband Access
88.3%+2% vs US avg
x
4+ Bedrooms
6.2%-58% vs US avg
x
Built Pre-1939
3.2%-75% vs US avg
x
Built Post-2014
1.1%-85% vs US avg
x
Rent Burden >30%
14.6%-71% vs US avg
x
Mortgage-Free
35.4%-7% vs US avg
x
$232,700
Home Value
$774
Rent
1985
Year Built
2008
Moved In

Residents have lived here since ~2008 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached75.4%
  • 1-unit attached0.7%
  • 2-9 units4.4%
  • 10+ units2.4%
  • Mobile home & other17.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$232,700
Median rent$774
Owner-occupied84.4%
Vacant8.5%
Price-to-income2.4x
Est. income to buy$64,000