What is the median rent in Richmond West, FL?
The median gross rent in Richmond West, FL is $2,644 (±$264) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 1,681 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Richmond West, the median gross rent went from $1,878 in 2015–2019 to $2,644 in 2020–2024 (+40.8%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Figures last updated on .
- Median gross rent
- $2,644 (±$264)
- Rented homes
- 1,681 (±348)
- $2,000 or more
- 83.3%
- Since 2015–2019
- +40.8%
How much rent costs in Richmond West
| Monthly gross rent | Richmond West | Miami-Dade County | Florida | United States |
|---|---|---|---|---|
| Less than $500 | 0.0% (±3.1 points) | 5.7% | 3.6% | 6.3% |
| $500 to $999 | 0.0% (±3.1 points) | 6.3% | 10.7% | 20.2% |
| $1,000 to $1,499 | 2.9% (±2.8 points) | 19.0% | 26.0% | 28.1% |
| $1,500 to $1,999 | 13.8% (±7.9 points) | 28.8% | 28.8% | 21.1% |
| $2,000 to $2,499 | 27.1% (±11.0 points) | 19.5% | 17.4% | 12.0% |
| $2,500 to $2,999 | 21.5% (±9.0 points) | 9.9% | 7.2% | 5.5% |
| $3,000 or more | 34.7% (±13.2 points) | 10.8% | 6.3% | 6.8% |
The most common range is $3,000 or more, paid by 34.7% of renting households.
83.3% of rented homes in Richmond West cost $2,000 or more a month.
Richmond West against Miami-Dade County, its state and the nation
| Richmond West | Miami-Dade County | Florida | United States | |
|---|---|---|---|---|
| Median gross rent | $2,644 (±$264) | $1,829 (±$10) | $1,669 (±$5) | $1,413 |
| Rented homes paying rent | 1,681 (±348) | 451,853 (±5,202) | 2,716,443 (±16,958) | 42,849,984 |
In Richmond West, median gross rent is higher than in Miami-Dade County ($1,829).
It is also higher than in Florida ($1,669).
It is higher than the national figure ($1,413).
In Miami-Dade County, Richmond West ranks 7 of 66 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 33 of 793.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Richmond West has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $1,878 (±$98) | $2,644 (±$264) | +40.8% | Up after inflation |
| Households that rent | 20.9% (±2.5 points) | 16.2% (±3.2 points) | −4.7 percentage points | Measurable decrease |
| Rental vacancy rate | 4.5% (±3.9 points) | 0.0% (±3.0 points) | −4.5 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median gross rent in places near Richmond West
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Richmond West | — | $2,644 (±$264) | — |
| Country Walk | 1.7 mi | $2,732 (±$98) | Not measurably different |
| Three Lakes | 3.0 mi | $2,361 (±$126) | Not measurably different |
| South Miami Heights | 3.1 mi | $1,605 (±$98) | Lower |
| Richmond Heights | 4.0 mi | $1,801 (±$94) | Lower |
| West Perrine | 4.1 mi | $1,488 (±$153) | Lower |
| Goulds | 4.2 mi | $1,423 (±$329) | Lower |
| The Hammocks | 4.4 mi | $2,187 (±$67) | Lower |
| Palmetto Estates | 4.4 mi | $1,948 (±$292) | Lower |
Nearby places with a measurably lower figure: South Miami Heights, FL ($1,605), Richmond Heights, FL ($1,801), West Perrine, FL ($1,488).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent across Miami-Dade County, place by place
| Rank | Place | Median gross rent |
|---|---|---|
| 1 | Key Biscayne | $3,500 or more |
| 2 | Palm Springs North | $2,860 (±$574) |
| 3 | Bal Harbour | $2,804 (±$747) |
| 4 | Country Walk | $2,732 (±$98) |
| 5 | Doral | $2,669 (±$73) |
| 6 | Miami Shores | $2,657 (±$664) |
| 7 | Richmond West | $2,644 (±$264) |
| 8 | Aventura | $2,513 (±$128) |
| 9 | Westwood Lakes | $2,472 (±$474) |
| 10 | Bay Harbor Islands | $2,442 (±$309) |
| 11 | Coral Gables | $2,373 (±$209) |
| 12 | Three Lakes | $2,361 (±$126) |
| 13 | West Miami | $2,210 (±$140) |
Showing 13 of 66 places in Miami-Dade County, ranked from highest to lowest.
Richmond West is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Richmond West
What is the average rent in Richmond West, FL?
The Census Bureau publishes the median rather than the average: the median gross rent in Richmond West is $2,644 (±$264) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much has rent gone up in Richmond West?
In Richmond West, the median gross rent went from $1,878 in 2015–2019 to $2,644 in 2020–2024 (+40.8%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
How many rentals in Richmond West cost more than $2,000 a month?
83.3% of rented homes in Richmond West have a gross rent of $2,000 or more a month, and 0.0% cost less than $500.
Is rent in Richmond West higher than in Miami-Dade County?
In Richmond West, median gross rent is higher than in Miami-Dade County ($1,829).
It is also higher than in Florida ($1,669).
It is higher than the national figure ($1,413).
Is this the rent for an apartment listed today?
No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Richmond West CDP, Florida
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Richmond West CDP, Florida
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Richmond West CDP, Florida
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Richmond West CDP, Florida (place:60230, in state:12).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Property taxes in Richmond West
- Types of homes in Richmond West
- Bedrooms in Richmond West
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- Vacancy rate in Richmond West
- Heating fuel in Richmond West
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- Population growth in Richmond West
- How long people stay in Richmond West
- Crowding and facilities in Richmond West
- Florida landlord and tenant rules
- Housing across Miami-Dade County
- Florida places ranked by median rent
- Housing data for every place in Florida