Housing & Real Estate — Richmond, Michigan

Overview

Total Housing Units2,480
Occupied2,424
Vacant56
Owner-Occupied1,826
Renter-Occupied598
Median Home Value (Census)$237,700
Estimated 2026~$262,000
Median Rent$870/mo
Median Property Tax$2,942/yr

Affordability

Home Price to Income RatioN/Ax
Home AffordabilityN/A
Rent as % of IncomeN/A%
Severely Rent-Burdened53.8%

Housing Age

Built 2010 or later71
Built 2000-2009478
Built 1990-1999527
Built before 1960875
Median Year Built1982
Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.