Housing in Richmond, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$392,000
Median List Price
$309,500
Price Per Sq Ft
$150
Days on Market
186
Active Inventory
20
Months of Supply
10.0
Buyer's market
Zillow Home Value
$293,794
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
50.0%
Sale-to-List Ratio
97.1%
Buyer's market
Market Activity
Source: RedfinHomes Sold
2
New Listings
3
Pending Sales
6
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$150
Median List $/SF
$219
Richmond vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Richmond is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$228,000
Median Rent
$870
Total Housing Units
2,480
Vacancy Rate
2.3%
Owner Occupied
75.3%
Renter Occupied
24.7%
Median Property Tax
$3,372
per year
Monthly Cost (w/ Mortgage)
$1,111
Housing Types
The current median sale price in Richmond, MI is $392,000 according to Redfin data. Homes spend a median of 186 days on the market. 0.0% of homes sold above asking price. The market has 10.0 months of supply. The median price per square foot is $150. The median rent is $870 per month (Census ACS). About 75.3% of housing units are owner-occupied. The median year homes were built is 1985. There are 2,480 total housing units.