Richmond, TX housing market
Typical home value
$374K
▼ 2.8% 1 yr
Typical rent
$1,813/mo
■ 0.0% 1 yr
Gross rent yield
5.8%
U.S. 6.3%
5-year home value change
+13%
U.S. +20%
Key takeaways
- 1The typical home in Richmond is worth $373,695, down 2.8% over the past year and up 13% over five years.
- 2Typical rent is $1,813 a month (0.0% YoY), a gross rent yield of 5.8% (below the Houston, TX metro's 6.5%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $2,054/mo, $241 more than typical rent.
- 4Zillow forecasts the Houston, TX metro's home values to change +0.3% over the next 12 months.
Market temperature (Houston, TX metro)
Strong buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 27/100, #477 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Richmond compares
| Measure | Richmond | Houston, TX metro | United States |
|---|---|---|---|
| Typical home value | $373,695 | $302,832 | $366,157 |
| Home value, 1-yr change | −2.8% | −1.8% | +1.2% |
| Typical rent | $1,813 | $1,638 | $1,932 |
| Rent, 1-yr change | 0.0% | +0.1% | +2.7% |
| Gross rent yield | 5.8% | 6.5% | 6.3% |
| Price-to-rent ratio | 17.2 | 15.4 | 15.8 |
| Mortgage P&I, typical home | $2,054 | $1,664 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Richmond rental, pre-filled.
Rent vs buy in Richmond
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $374K home.
Landlord in Texas? See Texas deposit, late fee and notice rules.
Other cities in the Houston, TX metro
Houston, TX
$259K home$1,544 rent
▼ 2.1% 1 yr
Spring, TX
$361K home$1,759 rent
▼ 0.6% 1 yr
Katy, TX
$330K home$1,939 rent
▼ 3.2% 1 yr
Cypress, TX
$400K home$2,013 rent
▼ 1.3% 1 yr
Conroe, TX
$311K home$1,567 rent
▼ 1.8% 1 yr
Sugar Land, TX
$440K home$1,997 rent
■ 0.0% 1 yr
Pasadena, TX
$215K home$1,361 rent
▼ 1.9% 1 yr
Pearland, TX
$378K home$1,898 rent
▼ 0.5% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.