Richmond, CA—94805
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Richmond, CA
As of Nov '25, the median home price in Richmond, CA is $667,000, with a year-over-year change of -7.3%. This indicates that home prices in Richmond, CA are decreasing. According to Zillow, the 1-year price projection is -1.8%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $667,000 | -7.3% |
| Single Family | $667,000 | -6.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $573,000 | -7.1% |
3 Bed | $706,000 | -6.5% |
4 Bed | $837,000 | -5.4% |
| 5 Bed | $910,420 | -6.0% |
% of Housing Stock
Rental Trends — Richmond, CA
As of July '25, Rentcast reports the average rent in Richmond, CA is $2,700, with a year-over-year rent change of 3.4%. Per bedroom, the median rent as of July '25 in Richmond, CA is 1-bedrooms: $1,850, 2-bedrooms: $2,480, 3-bedrooms: $3,520. The most common rental property sizes in Richmond, CA are 2-bedroom and 3-bedroom, accounting for 44.1% and 31.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,350 | $2,700 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,800 | $1,850 |
| 2 Bed Rent | $2,350 | $2,480 |
| 3 Bed Rent | $3,450 | $3,520 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Richmond, CA
As of Nov '25, Realtor.com reports that the median days on market for a home in Richmond, CA is 59. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $710,000 | -5.0% |
Listing Count | 32 | 62.0% |
| Listings as % of Homes | 0.2% | 62.0% |
Days on Market | 59 | 1.0% |
Demographics — Richmond, CA
As of the latest ACS Survey released in 2023, Richmond, CA has a population of 15,400, which has increased by 8.1% over the past 5 years. Richmond, CA is a moderately popular place for families, as children make up 18.7% of the population. The area has a moderately educated workforce, with 43.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,400 | 8.1% |
% Under 18 | 18.7% | 13.3% |
% Seniors | 16.4% | 11.6% |
% WFH | 14.8% | 114.5% |
% w/ College Degree | 43.7% | 29.7% |
As of the latest ACS Survey released in 2023, Richmond, CA is a predominantly hispanic area, with 35.0% of the population identifying as hispanic. The hispanic population has grown by 2.9% in the last 5 years. The second most common race or ethnicity in Richmond, CA is white, making up 32.2% of the population. Foreign-born residents account for 34.2% of the population in Richmond, CA, and this percentage has increased by 12.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 32.2% | -4.7% |
% Black | 9.6% | -29.4% |
% Hispanic | 35.0% | 2.9% |
% Asian | 17.0% | 11.8% |
% Foreign Born | 34.2% | 12.5% |
Mortgage and Risk — Richmond, CA
According to HUD data as of 2023, there were 111 mortgage originations in Richmond, CA, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Richmond, CA. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 111 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Rentals and Section 8 — Richmond, CA
Richmond, CA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 67 |
Total Units Section 8 | 67 |
% Rentals under Section 8 | 3.9% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $210 | $1,800 | $2,010 |
| 2 Bedroom | $100 | $2,350 | $2,450 |
| 3 Bedroom | -$310 | $3,450 | $3,140 |
| 4 Bedroom | N/A | N/A | $3,720 |
Affordability — Richmond, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.5 |
| Median Home Price | $667,000 |
| Median Household Income | $114,000 |