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.
See the full metro analysis: Detroit-Warren-Dearborn, MI stress score, crash risk, and 12-month forecast →
Home Value$293,794
+4.4%
AFFORDABILITY6.50% 30yr, 20% down, county tax + MI ins. 28% per HUD.
Enter your income for Richmond.
$58,759 on $293,794
Stretch — 31.9% of income
Above 28% but manageable with cuts.
PITI$1,996
P/I31.9%
Afford$258K
Gap-$36K
P&I $1,486Tax $377Ins $133
Home Buying Kit For Dummies (2025)Financing, negotiation, closing
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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 →