The housing situation in North Richmond, CA is a bit unique compared to the rest of the United States. The median value of homes in North Richmond is $488,300, which is significantly higher than the US house median of $338,100. While housing across the country has appreciated 8.27% in the last year, North Richmond has experienced a decrease of -0.27%. This could be due to a variety of factors such as an influx of residents or changing economic conditions. Regardless, those looking to purchase a home in North Richmond may find it beneficial to do research on how its housing market differs from those across the country before committing to buy.
The median home cost in North Richmond is $488,300. Home appreciation the last 10 years has been 215.6%. Home Appreciation in North Richmond is up 6.5%.
Average Age of Homes
- The median age of North Richmond real estate is 20 years old
The Rental Market in North Richmond
- Renters make up 48.4% of the North Richmond population
- 2.1% of houses and apartments in North 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.