Housing
Home prices and rent in Richmond
Median home values, rents and incomes from the U.S. Census Bureau, compared with California and the U.S.
Census geography: Richmond city, California. These survey estimates are not current listing prices.
Richmond vs. California and the U.S.
| Richmond | California | U.S. | |
|---|---|---|---|
| Median home value | $668,200 | $734,700 | $332,700 |
| Median rent (monthly) | $1,960 | $2,036 | $1,413 |
| Median household income | $95,391 | $99,122 | $80,734 |
| Homes owned by occupants | 55% | 56% | 65% |
| Median year built | 1966 | 1976 | 1980 |
Ten years of change
| 2014 | 2019 | 2024 | |
|---|---|---|---|
| Median home value | $271,300 | $462,600 | $668,200 |
| Median rent (monthly) | $1,190 | $1,509 | $1,960 |
| Median household income | $54,857 | $68,472 | $95,391 |
Fair Market Rents (HUD, fiscal year 2027)
Oakland-Fremont, CA HUD Metro FMR Area · Contra Costa County. HUD's payment benchmarks for housing programs: typical gross rent (rent plus utilities) for a recent mover, not a listing or an asking rent.
Large figures are the metro-area Fair Market Rent.
Income limits (HUD, fiscal year 2026)
Area median family income: $162,800. Households at or under these incomes can qualify for many housing programs; check each program's own rules.
| Household size | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
|---|---|---|---|---|---|---|---|---|
| Low income (80%) | $95,050 | $108,600 | $122,200 | $135,750 | $146,650 | $157,500 | $168,350 | $179,200 |
| Very low income (50%) | $59,400 | $67,900 | $76,400 | $84,850 | $91,650 | $98,450 | $105,250 | $112,050 |
| Extremely low income (30%) | $35,650 | $40,750 | $45,850 | $50,900 | $55,000 | $59,050 | $63,150 | $67,200 |
Source: U.S. Department of Housing and Urban Development, Fair Market Rents and Income Limits, checked October 9, 2026.
Questions
What is the median home value in Richmond?
$668,200, according to the Census Bureau’s 2024 American Community Survey (5-year estimates), compared with $734,700 in California and $332,700 nationally.
How much is rent in Richmond?
Median gross rent (rent plus utilities) is $1,960 a month, versus $2,036 statewide.
How much have home values risen in Richmond?
The median home value went from $271,300 in 2014 to $668,200 in 2024 (+146%).
What is fair market rent in Richmond?
HUD's fiscal year 2027 Fair Market Rent for the Oakland-Fremont, CA HUD Metro FMR Area is $2,088 for a studio, $2,290 for one bedroom and $2,805 for two bedrooms. These are HUD program benchmarks, not asking rents.
Are these current market prices?
No. They are survey medians from the Census Bureau, based on a five-year survey period, so they lag today’s listings. They are the most consistent way to compare places and track change over time.
U.S. Census Bureau, American Community Survey 5-year estimates (2014, 2019, 2024), Richmond city, California. Values are estimates with margins of error.