Richmond, MI real estate snapshot: Pulse Score pending, cap rate –%, median price $270,750. Below: live market insights, demographics, crime overview, investment hotspots, and nearby areas.
The housing market in Richmond continues to see strong price appreciation, with values up 50.4% compared to last year. Home prices have decreased 5.2% in the past month. At the current pace, all available homes in Richmond would sell out in just 0.5 months, indicating a continued supply shortage. Sales volume is down 71% compared to seasonal expectations. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Richmond market with the affordability index at 371.5. Based on current market indicators, home prices in Richmond are projected to decrease by approximately 7.0% over the next month.
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The Pulse Score combines property value appreciation, rental income potential, market liquidity, demographic trends, and crime/safety signals into a single 0–100 grade. Higher scores indicate stronger investor fundamentals.
Investment quality depends on your goals. Use the cap rate, investor-friendly score, demographic insights, and crime data on this page to evaluate Richmond, MI for buy-and-hold, fix-and-flip, or short-term rental strategies.
Our analysis combines public datasets (US Census Bureau, FBI Uniform Crime Reporting, HUD, BLS) with proprietary short-term rental performance and active MLS feeds, refreshed on a regular cadence.
Use the “Related analysis” section on this page to jump to the dedicated crime report, school ratings, and state-level short-term rental market analysis for Richmond, MI.
PulseReal’s analysis is built on top of these public, authoritative datasets.
Official UCR crime statistics by state and agency from the FBI.
Population, demographics, housing, and income data from the US Census Bureau.
Encyclopedic overview of the city, history, and notable landmarks.
Housing affordability, fair-market rents, and market reports from HUD.
Local unemployment and employment data from the Bureau of Labor Statistics.
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