View in Interactive Map
  1. Home
  2. /Browse ZIP Codes
  3. /Rhode Island
  4. /Richmond, RI - 02812

Richmond, RI—02812

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$536,000
3.3% YoY Growth
Household Income
$112,000
2.9% YoY Growth
Days on Market
11
23.0% Shorter YoY
Home Price Forecast
2.6%
Median 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

Other Zip Codes in Richmond, RI

028940289802892
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Richmond, RI

As of May '26, the median home price in Richmond, RI is $536,000, with a year-over-year change of 3.3%. This indicates that home prices in Richmond, RI are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$536,0003.3%
Single Family $536,0003.3%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

Browse ZIP Codes by State

All states and cities →
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • District of Columbia
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Puerto Rico
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		$543,0003.2%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    2 Bedrooms
    30.1%
    3 Bedrooms
    66.5%
    5+ Bedrooms
    3.5%

    Rental Trends — Richmond, RI

    Richmond, RI lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
    Loading chart...

    % of Rental Stock

    3 Bedrooms
    100.0%

    Property Listings — Richmond, RI

    As of May '26, Realtor.com reports that the median days on market for a home in Richmond, RI is 11. This is a decrease of -23.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$662,00022.0%
    Listing Count
    		320.0%
    Listings as % of Homes0.6%20.0%
    Days on Market
    		11-23.0%
    Loading chart...

    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.

    MetricLatest CensusYoY % Change
    Population
    		1,43018.5%
    % Under 18
    		29.6%10.9%
    % Seniors
    		16.1%35.3%
    % WFH
    		15.7%361.8%
    % w/ College Degree
    		49.9%-9.3%
    Loading chart...

    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

    MetricLatest Census5-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%
    Loading chart...

    Mortgage and Risk — Richmond, RI

    Richmond, RI lacks sufficient mortgage origination data for analysis.

    Mortgages

    MetricZip 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
    Loading chart...
    Loading chart...

    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,670
    2 BedroomN/AN/A$2,020
    3 BedroomN/AN/A$2,440
    4 BedroomN/AN/A$3,030

    Affordability — Richmond, RI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4
    Median Home Price$536,000
    Median Household Income$112,000

    Richmond, RI — ZIP Code Boundary Map

    Loading map...

    Nearby ZIP Codes

    Shannock, RI

    02875

    Richmond, RI

    02894

    Richmond, RI

    02898

    Richmond, RI

    02892

    Hopkinton, RI

    02832

    Frequently Asked Questions