Richmond, MO—64085
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Richmond, MO
As of Oct '25, the median home price in Richmond, MO is $229,000, with a year-over-year change of 7.2%. This indicates that home prices in Richmond, MO are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $229,000 | 7.2% |
| Single Family | $229,000 | 7.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $154,000 | 7.7% |
3 Bed | $238,000 | 7.2% |
4 Bed | $319,000 | 6.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Richmond, MO
As of July '25, Rentcast reports the average rent in Richmond, MO is $866, with a year-over-year rent change of -26.0%. Per bedroom, the median rent as of July '25 in Richmond, MO is 2-bedrooms: $866. The most common rental property sizes in Richmond, MO are 2-bedroom and 3-bedroom, accounting for 46.8% and 26.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $875 | $866 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $875 | $866 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Richmond, MO
As of Oct '25, Realtor.com reports that the median days on market for a home in Richmond, MO is 59. This is a increase of 12.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $267,000 | 33.0% |
Listing Count | 47 | 3.0% |
| Listings as % of Homes | 0.9% | 3.0% |
Days on Market | 59 | 12.0% |
Demographics — Richmond, MO
As of the latest ACS Survey released in 2023, Richmond, MO has a population of 8,110, which has remained stable by -1.0% over the past 5 years. Richmond, MO is a moderately popular place for families, as children make up 22.6% of the population. The area has a poorly educated workforce, with 14.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,110 | -1.0% |
% Under 18 | 22.6% | 0.9% |
% Seniors | 20.9% | 7.2% |
% WFH | 4.5% | 2.3% |
% w/ College Degree | 14.9% | 5.7% |
As of the latest ACS Survey released in 2023, Richmond, MO is a predominantly white area, with 91.1% of the population identifying as white. The white population has grown by 0.8% in the last 5 years. The second most common race or ethnicity in Richmond, MO is hispanic, making up 3.5% of the population. Foreign-born residents account for 1.3% of the population in Richmond, MO, and this percentage has increased by 550.0% 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 | 91.1% | 0.8% |
% Black | 2.2% | -46.3% |
% Hispanic | 3.5% | 2.9% |
% Asian | 0.3% | ∞% |
% Foreign Born | 1.3% | 550.0% |
Mortgage and Risk — Richmond, MO
According to HUD data as of 2023, there were 201 mortgage originations in Richmond, MO, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Richmond, MO. Investor activity is low, as 7.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 201 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 7.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Richmond, MO
Richmond, MO lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 246 |
Total Units Section 8 | 128 |
% Rentals under Section 8 | 10.7% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $990 |
| 2 Bedroom | $265 | $875 | $1,140 |
| 3 Bedroom | N/A | N/A | $1,490 |
| 4 Bedroom | N/A | N/A | $1,740 |
Affordability — Richmond, MO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $229,000 |
| Median Household Income | $65,500 |