Richmond, RI is a great place to invest in housing. The median value of houses in Richmond is significantly higher than the US average at $433,900, indicating strong appreciation potential. In the last year, house appreciation in Richmond increased by 10.78%, which is higher than the US average of 8.27%. This means investing in housing in Richmond could be a smart decision for potential homeowners who want to see their investment grow quickly and steadily over time.
The median home cost in Richmond is $433,900. Home appreciation the last 10 years has been 91.2%. Home Appreciation in Richmond is up 16.0%.
Average Age of Homes
- The median age of Richmond real estate is 36 years old
The Rental Market in Richmond
- Renters make up 11.2% of the Richmond population
- 0.0% of houses and apartments in Richmond, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.