Richmond, MI—48062
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$295,000
3.5% YoY Growth
Household Income
$75,800
14.1% YoY Growth
Days on Market
64
4.0% Shorter YoY
Home Price Forecast
2.2%
Median Rent
$1,000
57.6% YoY Growth
1-Bed Rent
$899
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
$2,000
N/A
Home Price Trends — Richmond, MI
As of Nov '25, the median home price in Richmond, MI is $295,000, with a year-over-year change of 3.5%. This indicates that home prices in Richmond, MI are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $295,000 | 3.5% |
| Single Family | $311,000 | 3.3% |
| Condos | $248,000 | 6.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |