Richmond CA

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Richmond, CA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Richmond Housing Market Information

With a population of 110,146, 37,209 total housing units (homes and apartments), and a median house value of $494,299, real estate costs in Richmond are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

Single-family detached homes are the single most common housing type in Richmond, accounting for 57.30% of the city's housing units. Other types of housing that are prevalent in Richmond include large apartment complexes or high rise apartments ( 19.70%), duplexes, homes converted to apartments or other small apartment buildings ( 13.12%), and a few row houses and other attached homes ( 9.13%).

People in Richmond primarily live in small (one, two or no bedroom) single-family detached homes. Richmond has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Richmond's housing was primarily built during this period, from the '40s through the '60s. A full 43.57% of the city's housing hails from this era. Other housing ages represented in Richmond include homes built between 1970-1999 ( 34.04%) and housing constructed before 1939 ( 12.52%). There's also some housing in Richmond built between 2000 and later ( 9.87%).

Richmond Home Appreciation Rates

In the last 10 years, Richmond has experienced some of the highest home appreciation rates of any community in the nation. Richmond real estate appreciated 118.48% over the last ten years, which is an average annual home appreciation rate of 8.13%, putting Richmond in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Richmond definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Richmond appreciation rates have trailed the rest of the nation. In the last twelve months, Richmond's appreciation rate has been -1.09%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Richmond were at 0.51%, which equates to an annual appreciation rate of 2.05%.

Relative to California, our data show that Richmond's latest annual appreciation rate is lower than 80% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Richmond differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Richmond - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Richmond real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,264,000 1.6
$948,001 - $1,264,000 3.7
$632,001 - $948,000 22.0
$506,001 - $632,000 18.3
$379,001 - $506,000 24.3
$253,001 - $379,000 15.2
$126,001 - $253,000 9.4
$63,001 - $126,000 3.5
$0 - $63,000 2.1

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
7.48029197080292 46.9200524246396

Number Of Homes And Apartments:

Richmond Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
Since 2000:
2000 Q1 - 2019 Q4
126.78% 4.18%
* 10 is highest

Rent & Ownership


Average Market Rent:
$2,355 / per month

Homeownership Rate

Owners 49.97
Renters 50.03
Vacant 6.75

Housing Market Details


Age of Homes

2000 or Newer 9.9
1970 - 1999 34.0
1940 - 1969 43.6
1939 or Older 12.5

Types of Homes

Single-Family 57.3
Townhomes 9.1
Small Apt. Buildings 13.1
Apt. Complexes 19.7
Mobile Homes 0.5
Other 0.3

Home Size

No Bedroom 2.52
1 Bedroom 14.58
2 Bedrooms 34.80
3 Bedrooms 33.67
4 Bedrooms 12.31
5 or more bedrooms 2.12