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Advertise here →Richmond, MI · Market Data
Richmond, Michigan real estate market data.
Real estate market data for Richmond, MI (Macomb County) — Census median home value $228,000, county listing prices down about 1.7% over the past year.
Richmond, MI is in Macomb County, Michigan — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 5,839, with a median household income of $61,715. Census data puts Richmond's median home value at $228,000 (all owner-occupied homes); Macomb County's current median listing price runs $297,450, down about 1.7% over the past year.
At a glance
Richmond market snapshot
Population
5,839
Median Household Income
$61,715
Median Home Value (city)
$228,000
Median Listing Price (Macomb County)
$297,450
Median Gross Rent
$870/mo
Price Trend (YoY)
-1.7%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Richmond different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Richmond's median home value — across all owner-occupied homes, not just recent sales — at $228,000. Separately, Macomb County's current median listing price (via Realtor.com data, 2026-06-01) runs $297,450. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Macomb County's FHFA house price index shows a 4.06% annual change in 2025.
Population & Income
Richmond has an estimated population of 5,839 and a median household income of $61,715, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Richmond's Census-reported median home value works out to about 3.7x the area's median household income, and median gross rent runs roughly 17% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Richmond FAQ
What are home values like in Richmond, MI?
The Census Bureau's American Community Survey puts Richmond's median home value at $228,000. Macomb County's current median listing price runs $297,450, down about 1.7% over the past year.
What is the population of Richmond, MI?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Richmond's population at approximately 5,839.
What's the median rent in Richmond, MI?
The Census ACS estimates median gross rent in Richmond at approximately $870 per month.
What is the median household income in Richmond, MI?
Census ACS data puts the median household income in Richmond at approximately $61,715.
Is the Richmond housing market growing?
Macomb County's FHFA house price index shows a 4.06% annual change in 2025.
Is Richmond, MI affordable relative to income?
Census ACS data puts Richmond's median home value at about 3.7 times the median household income, with median gross rent equal to roughly 17% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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