Richmond, RI Housing


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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.

Median Monthly Rent by Number of Bedrooms

   Housing by Year Built

  HousingRichmond, Rhode IslandUnited States
  3,268.0139,647,020.0
  3942
  $433,900$338,100
  16.0%16.6%
  60.5%57.0%
  91.2%101.1%
  $12.05$10.98
  $6,054$2,690
  86.8%57.4%
  9.4%11.2%
  3.9%31.4%
  Vacant Housing
  0.0%1.9%
  0.0%0.4%
  0.0%0.7%
  1.8%0.4%
  2.0%3.6%
  5.6%4.1%
  Value of Owner-Occupied Housing
  1.6%2.6%
  2.7%2.4%
  0.0%2.8%
  0.7%3.9%
  2.1%4.5%
  0.0%11.3%
  5.4%13.0%
  26.5%20.1%
  25.2%13.6%
  26.7%8.3%
  5.4%9.7%
  3.7%3.9%
  0.0%2.2%
  0.0%0.8%
  0.0%1.1%
  Housing Units by Year Structure Built
  0.0%0.2%
  10.4%13.6%
  10.4%13.6%
  20.2%13.6%
  17.7%13.2%
  22.1%14.8%
  20.2%13.6%
  2.1%10.0%
  0.0%4.7%
  13.5%12.2%
Commute
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