38 / 100

Richmond County, NY

Staten Island

RANK #607 / 996 NAT  ·  #39 / 45 NY  ·  POP 492,925

1YR FORECAST: +3.0%

5YR OUTLOOK: +21%

#8 Most Overvalued
Richmond County's housing market is projected to grow +3.0% over the next year, below the national average.

[01] Why Richmond County?

Richmond County, coextensive with Staten Island, offers a distinct suburban feel within New York City, a characteristic often noted by locals. It is the least populated borough, providing more green space than its urban counterparts. Historic Richmond Town, a living history village, stands as a notable landmark, preserving centuries of local culture. Commute options to Manhattan include the free Staten Island Ferry, a 25-minute ride offering views of the Statue of Liberty, and express bus services. The borough also features extensive parkland, including the Staten Island Greenbelt and Fresh Kills Park, which is being transformed from a former landfill into a large park.

Life in Richmond County often appeals to families and those seeking a quieter pace within the metropolitan area. The public school system, part of the New York City Department of Education, includes top-ranked schools like Staten Island Technical High School. The economy is supported by sectors such as healthcare and education, with ongoing investments in commercial and residential developments. Efforts are also underway to promote job growth in industries like logistics, manufacturing, and green energy, particularly along the working waterfront.

[02] Market Snapshot

Housing Ratio
17.3x

Overvalued relative to economy

GDP Growth
+3.8%

Above national median

Home Prices
+5.2%

Outpacing national median

Climate & Terrain
0.2

Moderate climate & terrain

Price/Rent
20x

Prices detached from rents

Housing looks overvalued at 17.3x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Healthcare and Social Assistance Healthcare
    25,000+
  2. 2
    Education Education
    10,000+
  3. 3
    Government Government
  4. 4
    Retail Trade Retail
  5. 5
    Construction Other
  6. 6
    Finance & Insurance Finance
  7. 7
    Transportation Logistics
  8. 8
    Professional, Scientific, and Technical Services Other
  9. 9
    Hospitality Hospitality
  10. 10
    Administrative, Support, and Waste Management Services Other
    5,000+

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Richmond County U.S. National

The Numbers

DEMOGRAPHICS
Population
492,925
-0.05% YoY
Median Household Income
$96,185
Median Home Value
$637,100
+5.23% 12mo
Median Rent
$1,602
Average Annual Pay
$68,887
+4.7% YoY
Employment
137,006
+3.5% YoY
Income-to-Home-Value
0.151
Less affordable than average
Migration Inflow
2.0%
of pop. from another state
Bachelor's Degree+
35.3%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$705,000
Days on Market
48
Moderate pace
Months of Supply
3.3
Balanced market
Sale-to-List Ratio
97.2%
Negotiation room for buyers
Sold Above List
24.4%
Listings w/ Price Drops
13.6%
Building Permits (2024)
480
Single-Family Permits
108

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

B
SAFETY
GRADE
Homicide Rate
3.1
per 100K · nat avg 6.3
Firearm Fatalities
3.5
per 100K · nat avg 14.8
Injury Deaths
54.5
per 100K · nat avg 76.3
vs National Average
Well below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
41.3
Good
Good Air Days
73%
797 of 1,093 days
Unhealthy+ Days (3yr)
15
Includes 1 Very Unhealthy
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
42
2022
40
2023
42
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$1,149M
TOTAL
PROJECT AMOUNT STATUS
Staten Island North Shore Action Plan (Empire Outlets & Former NY Wheel Site Redevelopment)
NYCEDC (New York City Economic Development Corporation)
$400M Proposed
Resilient New York Energy Storage
Undisclosed (planned by NYSERDA)
$349M Planned
New Stapleton Waterfront Development
NYCEDC
$300M Under Construction
Lighthouse Point Mixed-Use Development (Phase One)
Triangle Equities and NYCEDC
$50M Completed
Community Solar Portfolio (Staten Island)
SolarBank, Solar Simplified, Bloom Energy, RWE Clean Energy, CVI CleanCapital Solar 4 LLC, Public Service Elec & Gas Co, Bed Bath & Beyond, IGS Solar I LLC, IGS ORIX Solar I LLC, EnterSolar
$50M Operating

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

GDP Growth +3.8% 70 percentile
Population Growth -0.1% 27 percentile
Income Growth +7.6% 27 percentile
Vacancy Rate 1.6% 21 percentile
Home Price Change +5.2% 91 percentile
Rent Growth +3.1% 52 percentile
Price/Rent 20x 8 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

Is Richmond County, NY a good place to move to?

At 38/100, Richmond County faces headwinds that place it in the lower third of the 996 counties we track. Median income of $96,185 combined with job growth of +3.5% suggests the local economy is struggling to keep pace with national trends.

Is Richmond County affordable?

Richmond County leans toward the expensive side. A median home value of $637,100 against an income-to-home-value ratio of 0.15 means housing eats a bigger share of local earnings than the national norm. Renters face $1,602/month on average.

Is Richmond County growing or shrinking?

Employers in Richmond County are hiring — job growth of +3.5% — but the population is close to flat (-0.1% YoY). Home values moved +5.2% over the past year. Labor demand is outpacing local population growth, which tends to tighten wages and housing.

Are many people relocating to Richmond County?

Not particularly — 2.0% of Richmond County's population moved in from another state, which is below the national average. Most residents are long-term locals rather than recent transplants.

How is the housing market in Richmond County?

Home values climbed +5.2% year-over-year, which is a solid pace of appreciation. The median home in Richmond County is now valued at $637,100. That kind of growth typically reflects sustained demand rather than speculative frenzy.

[10] Similar Counties by Size & Score

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