Housing in Richmond, CA is an expensive yet relatively stable market. The median value for a house in the city is $615,900, which is much higher than the US median value of $338,100. The US saw a 1 year appreciation rate of 8.27%, while Richmond's appreciation rate was -0.25%. This suggests that while it's not always easy to make money from real estate investments in this area, it's possible to find security by investing in properties here as values will remain relatively steady and potentially appreciate over time.
The median home cost in Richmond is $615,900. Home appreciation the last 10 years has been 215.3%. Home Appreciation in Richmond is up 6.5%.
Average Age of Homes
- The median age of Richmond real estate is 52 years old
The Rental Market in Richmond
- Renters make up 46.3% of the Richmond population
- 1.2% 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.