Richmond Hill real estate market at a glance

As of 2026, the average detached home in Richmond Hill trades in the $1.6M to $2.2M range. Executive neighbourhoods such as Bayview Hill and Mill Pond regularly clear $2.5M, with the largest custom homes above $4M. Semi-detached and townhomes fall between $1.1M and $1.4M. The condominium market is Richmond Hill’s defining volume story: apartments average $650K to $900K, with a heavy pipeline of new-build inventory along Yonge Street between 16th Avenue and Highway 7.

Richmond Hill vs. surrounding communities

Richmond Hill prices comparably to Markham ($1.6M–$2.1M) and Aurora Estates ($1.8M–$2.5M), sitting well above Newmarket ($1.1M–$1.5M) and Stouffville ($1.3M–$1.7M) but below King ($2.0M–$3.0M+). The condo market is the widest in York Region — no other municipality has anything close to the volume or density along its main corridor.

Best neighbourhoods in Richmond Hill

• Bayview HillThe city’s established executive neighbourhood. Custom homes, mature streets, and the Bayview Secondary School catchment — one of the highest-ranked public high schools in Ontario. Consistent $2.5M–$4M range.
• DoncrestFamily-oriented, west of Bayview and south of 16th. Strong catchment for Bayview Secondary and Doncrest Public. Mix of 1990s builds and newer custom infill.
• Oak RidgesNorth Richmond Hill, on the Oak Ridges Moraine. Larger lots than the city’s southern core, established custom homes, and Lake Wilcox waterfront. Draws buyers who want space without leaving Richmond Hill.
• JeffersonNewer family subdivision built out through the 2010s. Between Yonge and Bathurst, north of Elgin Mills. Bathurst Glen Golf Course frontage; strong elementary catchments.
• Mill PondThe heritage core — Victorian and Edwardian homes along Yonge and Mill Streets, with Mill Pond Park at its heart. Walking distance to downtown Richmond Hill.
• Beaver CreekMixed commercial-residential area east of Yonge and south of Highway 7. Home to a large business park; residential inventory sits north into North Richvale.
• North RichvaleEstablished Yonge-corridor pocket between 16th Avenue and Elgin Mills. Mature streets, mix of detached and townhouse, walkability to Hillcrest Mall.

Schools and family life

Richmond Hill’s school system is one of the strongest in the GTA. Bayview Secondary School and Alexander Mackenzie High School anchor the public high school system with consistently top-ranked academic and specialized (IB, Arts) programs. St. Theresa of Lisieux Catholic High School is the Catholic anchor. Feeder elementary schools — Doncrest, Beverley Acres, Silver Stream, Bayview Fairways — draw buyers into specific pockets by catchment. Private options include Toronto Waldorf School, Holy Trinity, and the York region campuses of St. Andrew’s and The Country Day School just north.

Getting around

Richmond Hill is the best-connected municipality in York Region. Highway 404 (east side) and Highway 407 (south) both cross the city. The Richmond Hill GO Line runs from Richmond Hill and Langstaff GO stations to Union in about 45 to 60 minutes at peak. YRT and VIVA bus rapid transit run north-south along Yonge and east-west along Highway 7 with dedicated lanes. The Yonge Subway extension from Finch to Highway 7 is under construction, with completion in the late 2020s — already priced into land values.

Property taxes and municipal services

Richmond Hill’s 2025 residential property tax rate is approximately 0.79% of assessed value, blended across the City of Richmond Hill, York Region, and provincial education portions. On a $1.9M home, that works out to roughly $15,000 per year — one of the lowest effective rates in the GTA.

Frequently asked questions about Richmond Hill real estate