The median home in Richmond, Illinois is valued at $363,235, up 6.9% year over year. Richmond is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.
See the full metro analysis: Chicago-Naperville-Elgin, IL-IN-WI stress score, crash risk, and 12-month forecast →
Home Value$363,235
+6.9%
AFFORDABILITY6.50% 30yr, 20% down, county tax + IL ins. 28% per HUD.
Enter your income for Richmond.
$72,647 on $363,235
Out of reach — 42.6% of income
Need $114,086/yr to afford.
PITI$2,662
P/I42.6%
Afford$239K
Gap-$124K
P&I $1,837Tax $675Ins $150
Home Buying Kit For Dummies (2025)Financing, negotiation, closing
Other cities in Illinois
Compare Richmond with other housing markets across Illinois.
Full Chicago-Naperville-Elgin, IL-IN-WI analysis
Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Chicago-Naperville-Elgin, IL-IN-WI metro.
View Chicago-Naperville-Elgin, IL-IN-WI metro →