View in Interactive Map

Richmond, CA—94806

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$567,000
7.6% YoY Growth
Household Income
$82,800
39.0% YoY Growth
Days on Market
52
44.0% Longer YoY
Home Price Forecast
-1.7%
Median Rent
$2,450
0.0% YoY Growth
1-Bed Rent
$1,800
0.6% YoY Growth
2-Bed Rent
$2,250
9.4% YoY Growth
3-Bed Rent
$3,300
1.8% YoY Growth

Other Zip Codes in Richmond, CA

94803948049480194805
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Richmond, CA

As of Dec '25, the median home price in Richmond, CA is $567,000, with a year-over-year change of -7.6%. This indicates that home prices in Richmond, CA are decreasing. According to Zillow, the 1-year price projection is -1.7%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$567,000-7.6%
Single Family $584,000-7.3%
Condos $378,000-9.6%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $293,000
    -9.8%
    2 Bed
    		$435,000-8.2%
    3 Bed
    		$577,000-7.4%
    4 Bed
    		$667,000-7.1%
    5 Bed $810,822-7.9%
    Loading chart...

    % of Housing Stock

    Studio
    4.2%
    1 Bedroom
    17.1%
    2 Bedrooms
    27.9%
    3 Bedrooms
    36.1%
    4 Bedrooms
    12.0%
    5+ Bedrooms
    2.8%

    Rental Trends — Richmond, CA

    As of July '25, Rentcast reports the average rent in Richmond, CA is $2,550, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Richmond, CA is studios: $2,170, 1-bedrooms: $1,760, 2-bedrooms: $2,330, 3-bedrooms: $3,260, 4-bedrooms: $3,320. The most common rental property sizes in Richmond, CA are 2-bedroom and 1-bedroom, accounting for 37.3% and 29.4% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,450$2,550
    Studio Rent $1,800$2,170
    1 Bed Rent $1,800$1,760
    2 Bed Rent $2,250$2,330
    3 Bed Rent $3,300$3,260
    4 Bed Rent $3,200$3,320
    Loading chart...

    % of Rental Stock

    Studio
    6.7%
    1 Bedroom
    29.4%
    2 Bedrooms
    37.3%
    3 Bedrooms
    19.7%
    4 Bedrooms
    5.6%
    5+ Bedrooms
    1.2%

    Property Listings — Richmond, CA

    As of Dec '25, Realtor.com reports that the median days on market for a home in Richmond, CA is 49. This is a increase of 48.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$550,000-6.0%
    Listing Count
    		10141.0%
    Listings as % of Homes0.2%41.0%
    Days on Market
    		5244.0%
    Loading chart...

    Demographics — Richmond, CA

    As of the latest ACS Survey released in 2023, Richmond, CA has a population of 61,700, which has decreased by -4.1% over the past 5 years. Richmond, CA is a moderately popular place for families, as children make up 22.8% of the population. The area has a poorly educated workforce, with 22.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.5% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		61,700-4.1%
    % Under 18
    		22.8%-1.7%
    % Seniors
    		13.1%14.9%
    % WFH
    		8.5%123.7%
    % w/ College Degree
    		22.7%22.0%
    Loading chart...

    As of the latest ACS Survey released in 2023, Richmond, CA is a predominantly hispanic area, with 51.4% of the population identifying as hispanic. The hispanic population has grown by 0.4% in the last 5 years. The second most common race or ethnicity in Richmond, CA is asian, making up 16.3% of the population. Foreign-born residents account for 37.5% of the population in Richmond, CA, and this percentage has decreased by 8.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		12.3%0.8%
    % Black
    		13.8%-7.4%
    % Hispanic
    		51.4%0.4%
    % Asian
    		16.3%-8.9%
    % Foreign Born
    		37.5%-8.3%
    Loading chart...

    Mortgage and Risk — Richmond, CA

    According to HUD data as of 2023, there were 417 mortgage originations in Richmond, CA, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Richmond, CA. Investor activity is low, as 1.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		417
    % Conventional Loans
    		82.0%
    % Government Loans
    		18.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		16.0%
    Loading chart...
    Loading chart...

    Rentals and Section 8 — Richmond, CA

    As of 2024, the percent of homes in Richmond, CA under the Section 8 program is 11.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Richmond, CA, because HUD payments exceed market rent, while 3-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		1,316
    Total Units Section 8
    		1,175
    % Rentals under Section 8
    		11.9%
    % Occupied Section 8
    		89.4%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$120$1,800$1,920
    2 Bedroom$90$2,250$2,340
    3 Bedroom-$290$3,300$3,010
    4 Bedroom$360$3,200$3,560

    Affordability — Richmond, CA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio7.4
    Median Home Price$567,000
    Median Household Income$82,800

    Richmond, CA — ZIP Code Boundary Map

    Loading map...

    Nearby ZIP Codes

    Richmond, CA

    94805

    Richmond, CA

    94801

    Richmond, CA

    94804

    Richmond, CA

    94803

    Pinole, CA

    94564

    Frequently Asked Questions