Richmond, RI—02812
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Richmond, RI
As of Oct '25, the median home price in Richmond, RI is $510,000, with a year-over-year change of 2.6%. This indicates that home prices in Richmond, RI are increasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $510,000 | 2.6% |
| Single Family | $510,000 | 2.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $520,000 | 2.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Richmond, RI
Richmond, RI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Richmond, RI
As of Oct '25, Realtor.com reports that the median days on market for a home in Richmond, RI is 87. This is a increase of 45.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $916,000 | 13.0% |
Listing Count | 3 | -25.0% |
| Listings as % of Homes | 0.6% | -25.0% |
Days on Market | 87 | 45.0% |
Demographics — Richmond, RI
As of the latest ACS Survey released in 2023, Richmond, RI has a population of 1,430, which has increased by 18.5% over the past 5 years. Richmond, RI is a popular place for families, as children make up 29.6% of the population. The area has a highly educated workforce, with 49.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,430 | 18.5% |
% Under 18 | 29.6% | 10.9% |
% Seniors | 16.1% | 35.3% |
% WFH | 15.7% | 361.8% |
% w/ College Degree | 49.9% | -9.3% |
As of the latest ACS Survey released in 2023, Richmond, RI is a predominantly white area, with 89.7% of the population identifying as white. The white population has grown by 2.0% in the last 5 years. The second most common race or ethnicity in Richmond, RI is black, making up 0.0% of the population. Foreign-born residents account for 5.2% of the population in Richmond, RI, and this percentage has decreased by 7.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 89.7% | 2.0% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.0% | N/A |
% Asian | 0.0% | N/A |
% Foreign Born | 5.2% | -7.1% |
Mortgage and Risk — Richmond, RI
Richmond, RI lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Richmond, RI
Richmond, RI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,670 |
| 2 Bedroom | N/A | N/A | $2,020 |
| 3 Bedroom | N/A | N/A | $2,440 |
| 4 Bedroom | N/A | N/A | $3,030 |
Affordability — Richmond, RI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $510,000 |
| Median Household Income | $112,000 |