Richmond, MA 01254 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Richmond, MA—01254

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$614,000

0.5% YoY Growth

Household Income

$113,000

32.8% YoY Growth

Days on Market

45.0% Shorter YoY

Home Price Forecast

3.4%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Richmond, MA

As of Dec '25, the median home price in Richmond, MA is $614,000, with a year-over-year change of 0.5%. This indicates that home prices in Richmond, MA are flat. According to Zillow, the 1-year price projection is 3.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$614,000	0.5%
Single Family	$617,000	0.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Richmond, MA

Richmond, MA 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

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% of Rental Stock

2 Bedrooms

52.6%

3 Bedrooms

21.1%

4 Bedrooms

26.3%

Property Listings — Richmond, MA

As of Dec '25, Realtor.com reports that the median days on market for a home in Richmond, MA is 72. This is a decrease of -24.0% from last year, suggesting that homes are sitting on the market shorter 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	$681,000	-33.0%
Listing Count	12	50.0%
Listings as % of Homes	1.6%	50.0%
Days on Market	61	-45.0%

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Demographics — Richmond, MA

As of the latest ACS Survey released in 2023, Richmond, MA has a population of 962, which has decreased by -5.1% over the past 5 years. Richmond, MA is a less popular place for families, as children make up 9.3% of the population. The area has a highly educated workforce, with 62.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	962	-5.1%
% Under 18	9.3%	-23.1%
% Seniors	39.8%	18.1%
% WFH	20.4%	31.6%
% w/ College Degree	62.9%	28.1%

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As of the latest ACS Survey released in 2023, Richmond, MA is a predominantly white area, with 90.0% of the population identifying as white. The white population has shrunk by 4.5% in the last 5 years. The second most common race or ethnicity in Richmond, MA is black, making up 5.4% of the population. Foreign-born residents account for 2.3% of the population in Richmond, MA, and this percentage has decreased by 52.1% 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	90.0%	-4.5%
% Black	5.4%	440.0%
% Hispanic	2.1%	600.0%
% Asian	0.7%	-73.1%
% Foreign Born	2.3%	-52.1%

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Mortgage and Risk — Richmond, MA

According to HUD data as of 2023, there were 64 mortgage originations in Richmond, MA, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Richmond, MA. Investor activity is low, as 5.0% of loans were by investors. 2.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	64
% Conventional Loans	98.0%
% Government Loans	2.0%
% Investor Loans	5.0%
% Second Loans	19.0%
% Cash Out Refinance	2.0%

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Rentals and Section 8 — Richmond, MA

Richmond, MA lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	2
Total Units Section 8	2
% Rentals under Section 8	10.5%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,490
2 Bedroom	N/A	N/A	$1,890
3 Bedroom	N/A	N/A	$2,440
4 Bedroom	N/A	N/A	$2,580

Richmond, MA—01254

Key Metrics at a Glance

Home Price Trends — Richmond, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Richmond, MA

% of Rental Stock

Property Listings — Richmond, MA

Demographics — Richmond, MA

Race and Ethnicity

Mortgage and Risk — Richmond, MA

Mortgages

Rentals and Section 8 — Richmond, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Richmond, MA

Home Price to Income Ratio

Richmond, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Canaan, NY

West Stockbridge, MA

Glendale

Larrywaug

Lenox, MA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.9
Median Home Price	$614,000
Median Household Income	$113,000

Richmond, MA—01254

Key Metrics at a Glance

Home Price Trends — Richmond, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Richmond, MA

% of Rental Stock

Property Listings — Richmond, MA

Demographics — Richmond, MA

Race and Ethnicity

Mortgage and Risk — Richmond, MA

Mortgages

Rentals and Section 8 — Richmond, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Richmond, MA

Home Price to Income Ratio

Richmond, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Canaan, NY

West Stockbridge, MA

Glendale

Larrywaug

Lenox, MA

Frequently Asked Questions

What is the average home price in Richmond, MA 01254?

How have home prices in Richmond, MA 01254 changed over the past year?

What is the home price projection for Richmond, MA 01254?

What are the demographics of Richmond, MA 01254?

How long does it take homes to sell in Richmond, MA 01254?

What is the average rent price in Richmond, MA 01254?