USA.com / Michigan / Richmond, MI / Housing

Richmond, MI Housing

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As of 2010-2014, median price of a house in Richmond is $113,400, which is lower than the state average of $120,200 and is lower than the national average of $175,700. The Richmond median house value has shrunk by 16.19% since 2000. The growth rate for the price of a house in Richmond is lower than the state average rate of 3.98% and is much lower than the national average rate of 46.91%. The median year that a house in Richmond was built is 1977, which is newer than the median year for a house built in the state which is 1969 and is about the same as the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 1,678 Owner Occupied Houses in Richmond, MI, #204

Richmond, MI	113,400 USD
Michigan	120,200 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #528

Richmond, MI		-16.19%
Michigan		3.98%
U.S.		46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Richmond, MI	Michigan	U.S.
Total Housing Units	2,663, see rank, 100%	4,532,719	132,741,033
Occupied Housing Units	2,373, 89.11%, see rank	84.45%	87.55%
Owner Occupied	1,678, 63.01%, see rank	60.41%	56.34%
Renter Occupied	695, 26.10%, see rank	24.04%	31.21%
Vacant Housing Units	290, 10.89%, see rank	15.55%	12.45%
For Rent	115, 4.32%, see rank	1.84%	2.34%
For Sale Only	44, 1.65%, see rank	1.40%	1.20%
Rented or Sold, Not Occupied	42, 1.58%, see rank	1.04%	0.92%
For Seasonal, Recreational, or Occasional Use	0, 0.00%, see rank	6.26%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.05%	0.03%
Other Vacant	89, 3.34%, see rank	4.96%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #91

Richmond, MI	Michigan	U.S.
1977	1969	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Richmond, MI	%	Michigan	U.S.
Owner-Occupied Units	1,678	100%	2,738,012	74,787,460
With a Mortgage	1,150	68.53%, see rank	63.63%	65.58%
Without a Mortgage	528	31.47%, see rank	36.37%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Richmond, MI	1,360 USD
Michigan	1,295 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Richmond, MI	%	Michigan	U.S.
$299 or Less	0	0.00%, see rank	0.19%	0.20%
$300 to $499	0	0.00%, see rank	1.88%	1.59%
$500 to $699	69	6.00%, see rank	6.65%	5.01%
$700 to $999	199	17.30%, see rank	19.56%	14.32%
$1,000 to $1,499	450	39.13%, see rank	34.69%	27.90%
$1,500 to $1,999	297	25.83%, see rank	20.06%	20.35%
$2,000 to $2,999	135	11.74%, see rank	12.84%	19.52%
$3,000 or More	0	0.00%, see rank	4.13%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Richmond, MI	23.00% of the Total Income
Michigan	22.60% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Richmond, MI	%	Michigan	U.S.
10% or Less	51	4.43%, see rank	5.90%	5.86%
10% to 20%	420	36.52%, see rank	35.28%	31.95%
20% to 30%	316	27.48%, see rank	27.51%	27.64%
30% to 40%	64	5.57%, see rank	12.63%	13.74%
40% or More	299	26.00%, see rank	18.20%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Richmond, MI	453 USD
Michigan	463 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Richmond, MI	%	Michigan	U.S.
$199 or Less	28	5.30%, see rank	4.74%	7.76%
$200 to $299	30	5.68%, see rank	12.46%	14.70%
$300 to $499	252	47.73%, see rank	40.41%	34.63%
$500 to $699	150	28.41%, see rank	25.95%	21.16%
$700 or More	68	12.88%, see rank	16.44%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Richmond, MI	18.20% of the Total Income
Michigan	13.40% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Richmond, MI	%	Michigan	U.S.
10% or Less	79	14.96%, see rank	35.33%	40.19%
10% to 20%	227	42.99%, see rank	33.76%	31.47%
20% to 30%	65	12.31%, see rank	13.39%	12.24%
30% to 40%	33	6.25%, see rank	6.18%	5.64%
40% or More	124	23.48%, see rank	9.99%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Richmond, MI	Michigan	U.S.
Total Housing Units	2,663, 100%	4,532,719	132,741,033
1-unit, Detached	1,473, 55.31%, see rank	71.97%	61.65%
1-unit, Attached	459, 17.24%, see rank	4.66%	5.82%
2 Units	105, 3.94%, see rank	2.58%	3.75%
3 or 4 Units	111, 4.17%, see rank	2.56%	4.43%
5 to 9 Units	52, 1.95%, see rank	4.20%	4.78%
10 or More Units	226, 8.49%, see rank	8.58%	13.08%
Mobile Home, Boat, RV, Van, etc.	237, 8.90%, see rank	5.45%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Richmond, MI	Michigan	U.S.
Total Housing Units	2,663, 100%	4,532,719	132,741,033
1 Room	0, 0.00%, see rank	1.24%	1.95%
2 Rooms	32, 1.20%, see rank	1.78%	2.48%
3 Rooms	297, 11.15%, see rank	7.14%	9.13%
4 Rooms	495, 18.59%, see rank	14.38%	16.60%
5 Rooms	475, 17.84%, see rank	21.00%	20.41%
6 Rooms	529, 19.86%, see rank	20.07%	18.06%
7 Rooms	392, 14.72%, see rank	13.45%	12.27%
8 Rooms	260, 9.76%, see rank	9.27%	8.48%
9 Rooms or More	183, 6.87%, see rank	11.67%	10.60%
Median Rooms	5.60, see rank	5.70	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Richmond, MI	Michigan	U.S.
Total Housing Units	2,663, 100%	4,532,719	132,741,033
No Bedroom	0, 0.00%, see rank	1.35%	2.17%
1 Bedroom	345, 12.96%, see rank	9.11%	11.16%
2 Bedrooms	797, 29.93%, see rank	26.33%	26.69%
3 Bedrooms	1,112, 41.76%, see rank	43.93%	39.70%
4 Bedrooms	327, 12.28%, see rank	15.80%	16.05%
5 or More Bedrooms	82, 3.08%, see rank	3.47%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Richmond, MI	Michigan	U.S.
Total Housing Units	2,373, 100%	3,827,880	116,211,092
Utility Gas	1,862, 78.47%, see rank	77.13%	48.85%
Bottled, Tank, or LP Gas	18, 0.76%, see rank	8.48%	4.86%
Electricity	438, 18.46%, see rank	8.30%	36.68%
Fuel Oil, Kerosene, etc.	0, 0.00%, see rank	1.40%	5.86%
Coal or Coke	0, 0.00%, see rank	0.03%	0.12%
Wood	27, 1.14%, see rank	3.39%	2.12%
Solar Energy	0, 0.00%, see rank	0.02%	0.05%
Other Fuel	28, 1.18%, see rank	0.86%	0.47%
No Fuel Used	0, 0.00%, see rank	0.39%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Richmond, MI	Michigan	U.S.
Occupied Units Paying Rent	599, 100%	1,028,835	39,201,928
$199 or Less	0, 0.00%, see rank	1.86%	1.50%
$200 to $299	0, 0.00%, see rank	3.88%	3.18%
$300 to $499	88, 14.69%, see rank	9.32%	7.37%
$500 to $699	177, 29.55%, see rank	23.63%	16.01%
$700 to $999	149, 24.87%, see rank	35.23%	29.17%
$1,000 to $1,499	130, 21.70%, see rank	20.17%	26.88%
$1,500 to $1,999	37, 6.18%, see rank	3.85%	9.79%
$2,000 or More	18, 3.01%, see rank	2.06%	6.10%
Median	$741, see rank	$780	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Richmond, MI	Michigan	U.S.
Occupied Housing Units	2,373, 100%	3,827,880	116,211,092
No Vehicles Available	134, 5.65%, see rank	7.97%	9.12%
1 Vehicles Available	922, 38.85%, see rank	35.06%	33.80%
2 Vehicles Available	1,004, 42.31%, see rank	38.45%	37.48%
3 or More Vehicles Available	313, 13.19%, see rank	18.52%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.