According to statistics, the population in Richmond, CA amounts to 108,853, which shows decline 1% compared to the previous year. The median age of the city’s residents is 36. The average household income is $61,045, shifting growth 7% from the past year, and the average property value in Richmond, CA growth 13% to $371,900 throughout the year.
|Number Of Employees||52,092|
|Median Property Value||$371,900|
The average household income in Richmond, CA grew from $57,107 to $61,045 in the past year. This data is an estimate based upon 36,716 households in Richmond, CA . The chart below presents how household income is distributed in Richmond, CA in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Richmond, CA shifted from $330,200 to $371,900 throughout the year. The subsequent graph indicates the share of properties in the given price range in Richmond, CA in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Richmond, CA properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Richmond, CA compared to median property taxes around the country. The prevalent amount of property taxes in Richmond, CA equals $3000, which is less than the national average.
|Apr||vs Last Month|
|4+ bed apartments||$808,840||-4.9%|
During April 2023, the average price for an apartment in/near Richmond, CA increased by 5.2% to $660,758.
Knowing the current property prices is key if you plan to buy a studio in Richmond, CA. The average price for a studio has increased since the last month, currently being $710,000. After collecting all data points, we now see that the average price for 1-bed apartment stands at $319,180 with no changes this month. Asking price for 2-bed apartment also increased by 9.4% and a place of this size will now cost you $566,323. A 3-bed apartment goes for $684,246, it increased by 5.3% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 4.9% and made it down to $808,840.
|Apr||vs Last Month|
|Houses for sale||$710,387||-3.6%|
|Condos for sale||$610,285||+17%|
Price reports demonstrate that house price decreased by 3.6% this month making it up to $710,387. Condos are really in demand in this season. The median price for a condo increased by 17%, it’s now available for $610,285.