Richmond, UT is a great place to invest in housing. The median house value in Richmond, UT is $452,600 which is significantly higher than the US median of $338,100. In the last year alone, house prices in Richmond have appreciated by 12.27%, almost double the US average of 8.27%. This shows that investing in housing in Richmond can be a great long term investment for potential buyers and homeowners looking to increase their equity.
The median home cost in Richmond is $452,600. Home appreciation the last 10 years has been 152.9%. Home Appreciation in Richmond is up 19.2%.
Average Age of Homes
- The median age of Richmond real estate is 42 years old
The Rental Market in Richmond
- Renters make up 15.5% 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.