Richmond, NY has a median house value of $251,200, which is significantly lower than the US median house value of $338,100. The appreciation rate for houses in Richmond is 11.08%, which is higher than the national average rate of 8.27%. This makes Richmond an attractive real estate market as it offers relatively low prices while still providing strong capital gains potential. With its attractive housing market and close proximity to New York City, Richmond has become an increasingly desirable place to live.
The median home cost in Richmond is $251,200. Home appreciation the last 10 years has been 64.9%. Home Appreciation in Richmond is up 11.7%.
Average Age of Homes
- The median age of Richmond real estate is 57 years old
The Rental Market in Richmond
- Renters make up 4.1% 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.