How much does it cost to buy a house in Richmond, MI?

In May 2026 Richmond homes were listed to buy for a median price of $329K, which is a 5% decrease to April 2025 last month, and a 5% decrease to May 2025 last year. The median value of a home listed to buy in Richmond in May 2026 was $189 per sqft,

Is it affordable or expensive to live in Richmond, MI?

It is affordable to live in Richmond. Buying a home in Richmond is 1% less expensive compared with the national average.

Is the Richmond, MI housing market slowing down?

The housing market in Richmond is slowing down. In May 2026, homes to buy in Richmond spent an median 55 days on the market, a 34% decrease from May 2025 last year.

What are the best and safest places to live in Richmond, MI?

The best and safest neighborhoods to live in Richmond in May 2026 are Butler Ridge, Clear Creek, Indian Village, Downtown Rochester, Detroit Golf, Brookwood, Palmer Park, Virginia Park, Green Acres, University District, Barclay, Northeast Warren, New Center, Jefferson Chalmers, Seminole Hills, West Village, Morningside, East English Village, Eight Mile Wyoming, Far East Side

How much money should I make to buy a house in Richmond, MI?

In May 2026, Richmond homes were listed to buy for a median price of $329K, with 25% down you would need $2.08K/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $71.4K.