Market Overview
Home Prices in Richmond, CA
The median home value in Richmond, CA is $614,962 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 3.4% compared to a year ago and down 5.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Richmond are priced50% above average. Richmond is part of the San Francisco-Oakland-Berkeley, CA metro area.
Over the past five years, Richmond home values have fallen by approximately8.2%, reflecting softening conditions in this market.
Price History
Richmond Home Price Trend
City Comparison
Richmond vs. National Median
At $614,962, homes in Richmond cost 50% above the national median of $410,000. Buyers in Richmond should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Richmond?
20% Down Payment
$122,992
on $614,962
Monthly P&I
$3,207/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,073/mo
incl. taxes & insurance
Income Needed
$162,920
gross annual (30% rule)
10% Down Option
$61,496
+ PMI applies
Loan Amount (20% dn)
$491,970
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Richmond, CA?
The median home value in Richmond is $614,962 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 3.4% year-over-year.
How much have home prices changed in Richmond?
Over the past year, home values in Richmond have decreased by 3.4%. Over five years, prices have fallen approximately 8.2%.
How much do I need to earn to buy a home in Richmond?
To comfortably afford the median home price of $614,962 with a 20% down payment ($122,992) at today's rates (6.8%), you'd need a gross annual income of approximately $162,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Richmond compare to the national average home price?
The national median home value is approximately $410,000. At $614,962, homes in Richmond are 50% above the national average.
What metro area is Richmond part of?
Richmond is part of the San Francisco-Oakland-Berkeley, CA metropolitan area. Home prices and market conditions can vary across the broader metro region.