Richmond, MA is a great place to invest in housing. The median value of homes in Richmond is $543,600 which is significantly higher than the US house median value of $338,100. In the past year, the US house appreciation rate was 8.27% while the appreciation rate in Richmond was 16.87%. This indicates that investing in housing in Richmond is likely to be a profitable venture and could yield great returns for those looking to purchase or invest in property in this area.
The median home cost in Richmond is $543,600. Home appreciation the last 10 years has been 59.1%. Home Appreciation in Richmond is up 14.6%.
Average Age of Homes
- The median age of Richmond real estate is 50 years old
The Rental Market in Richmond
- Renters make up 10.8% 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.