The median home in Richmond, Michigan is valued at $293,794, up 4.4% year over year. Richmond is part of the Detroit-Warren-Dearborn, MI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$293,794

+4.4%

Prices rising — worse for buyers.

Affordability

Enter your income for Richmond.

Income (annual)

Down Payment

$58,759 on $293,794

Example: $75,000 household income. Change it above to see your own.

Stretch31.9% of income

Above 28% but manageable with cuts.

PITI$1,996

P/I31.9%

Afford$258K

Gap-$36K

P&I $1,486Tax $377Ins $133

6.50% 30yr, 20% down, county tax + MI ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Michigan

Compare Richmond with other housing markets across Michigan.

Lake Angelus$1.66M Leland$1.1M Orchard Lake$914K Franklin$845K Lake Leelanau$832K Kewadin$811K Lakeside$800K Northport$758K

Full Detroit-Warren-Dearborn, MI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Detroit-Warren-Dearborn, MI metro.

View Detroit-Warren-Dearborn, MI metro

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Richmond, MI