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Foreclosure Homes in Richmond, MI

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Richmond, MI Foreclosures

How much do homes sell for in Richmond, MI?
The average home price is currently $318,749.
In Richmond, MI, how many homes are available?
There are currently 19 active home listings available in Richmond.
What’s the average rental cost in Richmond, MI?
The average rental price in Richmond is $1,432.
What is the most expensive home in Richmond?
The most expensive home sold in Richmond had a price of $2,013,389.
What is currently the cheapest priced home in Richmond, MI?
The cheapest home for sale in Richmond is priced at $15,263.

Living in Richmond, MI

Richmond, MI is a picturesque small town known for its friendly community and access to nature. With a vibrant downtown area filled with local businesses, it offers both charm and convenience. The town's strong school system and various amenities make it an appealing choice for families and retirees.

Current Market Conditions in Richmond, MI

The real estate market in Richmond is currently experiencing steady growth, with home prices on the rise due to increased demand for properties in the area. Investors are finding opportunities in both affordable homes and higher-end properties, allowing for a diverse investment portfolio.

The combination of affordable real estate options and a strong community appeal makes Richmond an excellent target for real estate investment. As people continue to seek suburban living, the demand for housing in Richmond is expected to continue growing.

Home Value Estimator For Richmond, MI

There are currently 3,419 real estate properties in Richmond, MI, with a median automated valuation model (AVM) price of $295,113.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Richmond, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Richmond, MI, is $318,749.00, with the most expensive house in Richmond, MI, topping out at $2,013,389.00 and the cheapest home in Richmond, MI, clocking in at $15,263.00. In other words, there’s something for every potential homebuyer or savvy investor in Richmond, MI!

Rent Prices In Richmond, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Richmond, MI, is on a rollercoaster ride. The average rent price in Richmond, MI, is $1,432.00. Indeed, when looking to rent in Richmond, MI, you can expect to pay as little as $510.00 or as much as $2,460.00, with the average rent median estimated to be $1,420.00. The good news is that finding an affordable and desirable property to rent in Richmond, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Richmond, MI Foreclosures

Market Trend for Richmond, MI

Total Listings Available: 19

Market Values:

Home Prices from $15,263 to $2,013,389

Average Sales Price: $318,749

Rental Values:

Rental from $510 to $2,460

Average Rent Value: $1,432 / month

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