HomeWest VirginiaNicholas CountyRichwood
Richwood, West Virginia: commercial real estate data.
Richwood is a Census city of 2,403 people across 1.61 square miles of land, in Nicholas County. Median household income is $30,833, 82.8 percent of occupied homes are owned, and the SBA record carries 1 7(a) approvals to borrowers here worth $75,000 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Richwood
What Richwood is
- Census place typecity
- Land area1.61 sq mi
- Water area0.06 sq mi
- Population per square mile of land1,493
- County holding the largest share of its areaNicholas County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Richwood
How many people live in Richwood
- Population2,403
- Median age46.2
- Population under 18406 plus or minus 162
- Share under 1816.9 percent plus or minus 6.0
- Population 65 and over636 plus or minus 153
- Share 65 and over26.5 percent
- Households894
- Family households439 plus or minus 105
- Share of households that are families49.1 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Richwood
Income and work in Richwood
- Median household income$30,833 plus or minus $12,592
- Per capita income$32,039 plus or minus $16,632
- Civilian labor force840 plus or minus 228
- Employed727 plus or minus 210
- Unemployed113 plus or minus 87
- Unemployment rate13.5 percent plus or minus 9.7
- Adults 25 and over1,900
- Adults 25 and over with a high school diploma or higher90.6 percent
- Adults 25 and over with a bachelor degree or higher16.9 percent plus or minus 7.6
- Adults 25 and over with a graduate degree4.5 percent plus or minus 3.2
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Richwood
Housing in Richwood
- Housing units1,231
- Occupied units894
- Vacant units337 plus or minus 114
- Vacancy rate27.4 percent plus or minus 8.3
- Owner occupied740 plus or minus 153
- Renter occupied154 plus or minus 78
- Ownership rate82.8 percent
- Median owner-occupied home value$70,000 plus or minus $20,200
- Median gross rent, monthly$682
- Annual rent as a share of median income26.5 percent plus or minus 11.2
- Single family units1,009
- Share single family82.0 percent
- Units in buildings of two or more142 plus or minus 78
- Share in buildings of two or more11.5 percent plus or minus 6.1
- Mobile homes80 plus or minus 55
- Median year structure built1949
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Richwood
How Richwood gets to work
- Workers 16 and over who commute691 plus or minus 201
- Commuting under 15 minutes177 plus or minus 96
- Share commuting under 15 minutes25.6 percent plus or minus 11.8
- Commuting 30 minutes or more415 plus or minus 182
- Share commuting 30 minutes or more60.1 percent plus or minus 19.7
- Drove alone71.3 percent
- Carpooled7.9 percent plus or minus 6.5
- Public transport10.2 percent plus or minus 13.2
- Walked4.0 percent plus or minus 4.8
- Worked from home4.7 percent plus or minus 5.8
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Richwood
SBA loans in Richwood (7(a))
- Approvals1
- Gross approval$75,000
- Average approval$75,000
- Median approval$75,000
- Largest approval$75,000
- Jobs supported3
- Jobs per approval3.0
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders1
- Distinct industries by NAICS1
Counted by borrower city: approvals to borrowers whose address is in Richwood, in any county, FY2020 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Richwood
Flood risk in Richwood
- NFIP communityCity of Richwood
- NFIP community number540147
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date09/24/21
The City of Richwood participates in the National Flood Insurance Program as community 540147 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Nicholas County, not Richwood
Nicholas County context, not Richwood figures
- Establishments in Nicholas County541
- Covered employment, Nicholas County7,321
- Average annual pay, Nicholas County$50,930
- Housing units permitted, Nicholas County2
Every figure in this section is published for Nicholas County as a whole and is not a measurement of Richwood.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Richwood questions, answered from the record.
How many people live in Richwood, West Virginia?
2,403, in 894 households. Richwood city covers 1.61 square miles of land, which is 1,493 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Richwood in?
Nicholas County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Richwood?
$30,833. The median owner-occupied home is valued at $70,000. Median gross rent is $682 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Richwood businesses?
1 7(a) approvals totaling $75,000 since FY2020, across 1 lenders, median approval $75,000. These count approvals to borrowers whose address is in Richwood, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Richwood borrowers get paid back?
No rate is published for Richwood. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Richwood in the National Flood Insurance Program?
Yes. Richwood appears in the FEMA Community Status Book as Richwood, city of, community 540147, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Richwood figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Nicholas County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Richwood.
Is zoning published for Richwood?
No. Nothing on this page presents parcel level zoning.
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