What percentage of people rent in Richmond West, FL?
16.2% (±3.2 points) of the occupied homes in Richmond West, FL are rented (2020–2024 American Community Survey).
That is 1,719 renting households against 8,898 that own their home.
In Richmond West, the share of households that rent went from 20.9% in 2015–2019 to 16.2% in 2020–2024 (−4.7 percentage points), a measurable decrease.
Figures last updated on .
- Households that rent
- 16.2% (±3.2 points)
- Renting households
- 1,719 (±355)
- Median renter income
- $83,852 (±$31,630)
Who rents and who owns in Richmond West
| Richmond West | Miami-Dade County | Florida | United States | |
|---|---|---|---|---|
| Renter-occupied share | 16.2% (±3.2 points) | 47.8% (±0.5 points) | 32.4% (±0.2 points) | 34.8% |
| Renting households | 1,719 (±355) | 465,971 (±5,269) | 2,834,163 (±17,461) | 45,017,354 |
| Owning households | 8,898 (±628) | 509,440 (±5,300) | 5,918,647 (±31,594) | 84,210,142 |
| Average renter household size | 3.3 (±0.6) | 2.6 (±0.0) | 2.5 (±0.0) | 2.3 |
| Average owner household size | 3.3 (±0.2) | 2.9 (±0.0) | 2.5 (±0.0) | 2.6 |
| Median renter household income | $83,852 (±$31,630) | $53,660 (±$1,055) | $53,617 (±$353) | $52,966 |
| Median owner household income | $105,575 (±$10,212) | $94,956 (±$1,395) | $88,144 (±$469) | $100,009 |
In Richmond West, the renter share is lower than in Miami-Dade County (47.8%).
It is also lower than in Florida (32.4%).
It is lower than the national figure (34.8%).
In Miami-Dade County, Richmond West ranks 63 of 70 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 633 of 857.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Richmond West has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 20.9% (±2.5 points) | 16.2% (±3.2 points) | −4.7 percentage points | Measurable decrease |
| Median gross rent | $1,878 (±$98) | $2,644 (±$264) | +40.8% | Up after inflation |
| Median household income | $75,842 (±$6,920) | $101,970 (±$10,480) | +34.5% | No measurable change after inflation |
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.
Households that rent in places near Richmond West
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Richmond West | — | 16.2% (±3.2 points) | — |
| Country Walk | 1.7 mi | 20.1% (±5.8 points) | Not measurably different |
| Three Lakes | 3.0 mi | 33.4% (±5.0 points) | Higher |
| South Miami Heights | 3.1 mi | 37.9% (±3.3 points) | Higher |
| Richmond Heights | 4.0 mi | 29.1% (±9.2 points) | Higher |
| West Perrine | 4.1 mi | 46.3% (±8.3 points) | Higher |
| Goulds | 4.2 mi | 43.9% (±8.4 points) | Higher |
| The Hammocks | 4.4 mi | 37.3% (±3.5 points) | Higher |
| Palmetto Estates | 4.4 mi | 13.7% (±3.6 points) | Not measurably different |
Nearby places with a measurably higher figure: Three Lakes, FL (33.4%), South Miami Heights, FL (37.9%), Richmond Heights, FL (29.1%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Miami-Dade County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 57 | Westwood Lakes | 23.2% (±6.2 points) |
| 58 | Sunset | 23.0% (±4.3 points) |
| 59 | Biscayne Park | 22.0% (±9.1 points) |
| 60 | Palmetto Bay | 21.8% (±3.7 points) |
| 61 | Country Walk | 20.1% (±5.8 points) |
| 62 | Pinecrest | 17.2% (±3.1 points) |
| 63 | Richmond West | 16.2% (±3.2 points) |
| 64 | Olympia Heights | 15.2% (±5.3 points) |
| 65 | Palmetto Estates | 13.7% (±3.6 points) |
| 66 | Miami Shores | 12.5% (±4.2 points) |
| 67 | Palm Springs North | 11.8% (±5.3 points) |
| 68 | El Portal | 8.8% (±6.1 points) |
| 69 | Fisher Island | 5.1% (±8.3 points) |
Showing 13 of 70 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
How many renters are there in Richmond West?
Richmond West has an estimated 1,719 (±355) renting households, 16.2% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Richmond West?
In Richmond West, the share of households that rent went from 20.9% in 2015–2019 to 16.2% in 2020–2024 (−4.7 percentage points), a measurable decrease.
How big are renting households in Richmond West?
A renting household in Richmond West has 3.3 people on average, against 3.3 in an owned home.
How much do renters earn in Richmond West?
The median renting household in Richmond West, FL has an income of $83,852 (±$31,630) a year, against $105,575 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Richmond West CDP, Florida
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Richmond West CDP, Florida
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Richmond West CDP, Florida
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Richmond West CDP, Florida
- Median Household Income (B19013), 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) and detailed tables (acs/acs5) 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 DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
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
- Housing in Richmond West at a glance
- Median rent in Richmond West
- Rent by bedrooms in Richmond West
- Rent burden in Richmond West
- Income and affordability in Richmond West
- Home values in Richmond West
- Homeowner costs in Richmond West
- Property taxes in Richmond West
- Types of homes in Richmond West
- Bedrooms in Richmond West
- Age of homes in Richmond West
- Vacancy rate in Richmond West
- Heating fuel in Richmond West
- Commute and cars in Richmond West
- 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 share of renters
- Housing data for every place in Florida