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Featured local agent — Richmond, OH
Sarah Mitchell
Compass Real Estate · Richmond, OH
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Richmond, OH Housing Market
The typical home in Richmond, OH is worth $169,671, rose 2.2% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $163,500 (through May 2026). With homes going under contract in about 32 days, Richmond is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $169,671 home is about $906/mo in principal and interest.
Key numbers for Richmond, OH
Typical home value
$169,671
+2.2% in 12 months
Zillow, August 2026
Median sale price
$163,500
Last published period
Redfin, through June 2024
Days on market
32
Average pace
Redfin, through June 2024
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$61,250
Home costs 2.8x income
U.S. Census ACS, 2023
Sale-to-list ratio
100.0%
Selling above asking
Redfin, through June 2024
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Richmond a buyer's or seller's market?
Richmond, OH is a balanced market and homes selling in about 32 days. We classify markets from months of supply, sale-to-list ratio and days on market together — no single number decides it.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Richmond housing market data show?
Every row below is Redfin's final published month for Richmond, OH. Redfin, through June 2024
| Metric | Value |
|---|---|
| Median sale price | $163,500 |
| Median price per sq ft | $146/sq ft |
| Median days on market | 32 days |
| Sale-to-list price ratio | 100.0% |
| Homes sold (that month) | 1 |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Richmond is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Richmond is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Richmond home prices moved?
Across the 14 months we hold for Richmond, OH, the median sale price held roughly flat 0.3%, from $164,000 in May 2021 to $163,500. The live Zillow value series has rose 2.2% in the last 12 months, which is the more current read now that Redfin's series has stopped.
Redfin, through June 2024 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Richmond?
Priced off the typical home value of $169,671 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $33,934 | $135,737 | $906/mo |
| 5% | $8,484 | $161,188 | $1,076/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $906, that implies roughly $38,820 a year before you add taxes and insurance. The median household in Richmond earns $61,250, about $22,430 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 2.8x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Richmond in the next 12 months?
Tell us your timeline. We send the Richmond market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Richmond?
Zillow does not publish a rent index (ZORI) for Richmond, OH, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Richmond?
Active listings in Richmond, OH went from 7 in February 2022 to 1 in May 2024, a -85.7% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| February 2022 | 7 | not published |
| March 2022 | 6 | not published |
| June 2022 | 8 | not published |
| July 2022 | 6 | not published |
| October 2022 | 3 | not published |
| December 2022 | 2 | not published |
| August 2023 | 2 | 1 |
| October 2023 | 1 | not published |
| May 2024 | 1 | 1 |
Redfin, through May 2024
How does Richmond compare to Ohio and the U.S.?
Richmond homes sell for $163,500 — 42% below the Ohio median of $282,600. Against the national median of $410,700, Richmond runs 60% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Richmond, OH | $163,500 | not published | 32 days |
| Ohio statewide | $282,600 | +5.4% | 36 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through June 2024 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Richmond
What buyers should watch
- The gap between 5% and 20% down here is $170 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $169,671 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Richmond listing goes under contract in 32 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 100.0% of asking. Price at the number you want and let competition do the rest.
- Your equity moved +2.2% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Richmond varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Richmond
Explore homes currently listed for sale in Richmond, Ohio across major real estate platforms.
How much do homes cost in Richmond by property type?
How the Richmond, OH market breaks down across single-family homes, condos and townhouses. Redfin, through June 2024
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $163,500 | $146/sq ft | 1 | 32 days |
| Condo / co-op | $99,900 | $112/sq ft | 1 | 576 days |
Who lives in Richmond?
American Community Survey estimates for Richmond. U.S. Census ACS, 2023
Population
534
Households
244
Median income
$61,250/yr
Median age
58.5 years
Owner-occupied
73.4%
Median home value
$119,100
Median gross rent
$850/mo
Mean commute
24.5 min
73.4% of occupied homes in Richmond are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $119,100 against Zillow's $169,671 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Richmond?
2 schools tracked · 615 students
The largest public schools serving Richmond, OH by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Edison High School
Grades 9-12 · 400 students
Edison Jr. High School
Grades 7-8 · 215 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Richmond, OH?
Ordered by distance from Richmond, not by size. Compare Richmond side by side with any of them.
Richmond housing market FAQ
Is Richmond a buyer's or seller's market?
Richmond, OH is currently a balanced market based on the supply, pace-of-sale and sale-to-list data we hold for this city. Redfin's public market tracker last published in May 2026, so this classification will not move until a new source fills that gap.
How much do homes cost in Richmond?
The typical home in Richmond, OH is worth $169,671 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $163,500, about $146 per square foot.
Is Richmond cheaper than the rest of Ohio?
Richmond's median sale price of $163,500 is 42% lower than the Ohio statewide median of $282,600, and 60% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Richmond?
Homes in Richmond, OH spent a median of 32 days on market before going under contract, versus 36 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Richmond?
At the current 30-year fixed rate of 7.03%, 20% down on a $169,671 home is about $906 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $38,820 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $61,250.
Are home prices rising in Richmond?
The typical home value in Richmond, OH rose 2.2% over the last 12 months, from $166,016 to $169,671 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Richmond?
Richmond ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Richmond?
That depends on your timeline, not on a headline. What the data says today: Richmond, OH is a balanced market, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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