Richgrove—93261
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Richgrove
As of Nov '25, the median home price in Richgrove is $249,000, with a year-over-year change of 1.8%. This indicates that home prices in Richgrove are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $249,000 | 1.8% |
| Single Family | $249,000 | 1.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $258,000 | 0.8% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Richgrove
Richgrove 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 |
% of Rental Stock
Property Listings — Richgrove
Richgrove lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | N/A | N/A |
Listing Count | N/A | N/A |
| Listings as % of Homes | N/A | N/A |
Days on Market | N/A | N/A |
Demographics — Richgrove
As of the latest ACS Survey released in 2023, Richgrove has a population of 2,200, which has decreased by -19.1% over the past 5 years. Richgrove is a popular place for families, as children make up 34.6% of the population. The area has a poorly educated workforce, with 1.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,200 | -19.1% |
% Under 18 | 34.6% | 20.6% |
% Seniors | 8.0% | -12.1% |
% WFH | 0.0% | -100.0% |
% w/ College Degree | 1.9% | 11.8% |
As of the latest ACS Survey released in 2023, Richgrove is a predominantly hispanic area, with 94.7% of the population identifying as hispanic. The hispanic population has shrunk by 3.5% in the last 5 years. The second most common race or ethnicity in Richgrove is white, making up 4.1% of the population. Foreign-born residents account for 32.0% of the population in Richgrove, and this percentage has decreased by 34.4% 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 | 4.1% | 925.0% |
% Black | 0.0% | N/A |
% Hispanic | 94.7% | -3.5% |
% Asian | 1.2% | -45.5% |
% Foreign Born | 32.0% | -34.4% |
Mortgage and Risk — Richgrove
According to HUD data as of 2023, there were 9 mortgage originations in Richgrove, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Richgrove. Investor activity is low, as 0.0% of loans were by investors. 33.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 9 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 33.0% |
Rentals and Section 8 — Richgrove
Richgrove lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $900 |
| 2 Bedroom | N/A | N/A | $1,170 |
| 3 Bedroom | N/A | N/A | $1,630 |
| 4 Bedroom | N/A | N/A | $1,860 |
Affordability — Richgrove
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $249,000 |
| Median Household Income | $51,200 |