Richmond, VT—05477
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Richmond, VT
As of Oct '25, the median home price in Richmond, VT is $550,000, with a year-over-year change of 2.4%. This indicates that home prices in Richmond, VT are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $550,000 | 2.4% |
| Single Family | $564,000 | 1.4% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Richmond, VT
Richmond, VT lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,100 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,100 | $2,100 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Richmond, VT
As of Oct '25, Realtor.com reports that the median days on market for a home in Richmond, VT is 44. This is a increase of 21.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $657,000 | -14.0% |
Listing Count | 11 | 63.0% |
| Listings as % of Homes | 0.1% | 63.0% |
Days on Market | 44 | 21.0% |
Demographics — Richmond, VT
As of the latest ACS Survey released in 2023, Richmond, VT has a population of 4,370, which has decreased by -2.9% over the past 5 years. Richmond, VT is a moderately popular place for families, as children make up 21.2% of the population. The area has a highly educated workforce, with 63.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,370 | -2.9% |
% Under 18 | 21.2% | -5.4% |
% Seniors | 17.7% | 70.2% |
% WFH | 18.2% | 237.0% |
% w/ College Degree | 63.5% | 9.7% |
As of the latest ACS Survey released in 2023, Richmond, VT is a predominantly white area, with 92.1% of the population identifying as white. The white population has shrunk by 3.6% in the last 5 years. The second most common race or ethnicity in Richmond, VT is hispanic, making up 2.6% of the population. Foreign-born residents account for 3.5% of the population in Richmond, VT, and this percentage has increased by 52.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 92.1% | -3.6% |
% Black | 0.9% | ∞% |
% Hispanic | 2.6% | 136.4% |
% Asian | 1.2% | 33.3% |
% Foreign Born | 3.5% | 52.2% |
Mortgage and Risk — Richmond, VT
According to HUD data as of 2023, there were 74 mortgage originations in Richmond, VT, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 36.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Richmond, VT. Investor activity is low, as 0.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 74 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Richmond, VT
Richmond, VT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 25 |
Total Units Section 8 | 25 |
% Rentals under Section 8 | 5.9% |
% Occupied Section 8 | 88.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,500 |
| 2 Bedroom | -$130 | $2,100 | $1,970 |
| 3 Bedroom | N/A | N/A | $2,540 |
| 4 Bedroom | N/A | N/A | $2,610 |
Affordability — Richmond, VT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $550,000 |
| Median Household Income | $118,000 |