Richmond, Michigan.
Typical home $305,716 (+3.5% in a year). Detroit-Warren-Dearborn, MI metro.
to buy the typical home at today's mortgage rate — +$816 (+104%) since Jan 2020.
- 1 year
- Up $10,229 +3%
- $295,487$305,716 since Sep 2025
- 5 years
- Up $47,752 +19%
- $257,964$305,716 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Richmond$1,605
- Michigan$1,384
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 20 years.
Typical home values in Richmond, MI rose 3.5% over the past year — faster than the nation's +1.2%.
Living in Richmond, Macomb County, Michigan
Richmond is a city of 5,878 people in Macomb County. Half its households earn more than $64,719 a year and half less, against $77,837 across Macomb County; 14% of its people live below the poverty line. Unemployment in Macomb County was 5.7% in August 2026, and the county had 1.4% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Richmond is a small city in the northern part of Macomb County, with a population in the middle range for a Michigan town of its kind. Household incomes run below the county's, and the typical home is valued well below what many people expect in the Detroit area. Winters are cold, with January highs hovering near freezing and a good deal of snow through the season, while summers turn comfortably warm.
Work. Residents work mostly in schools, hospitals and social care, with manufacturing, shops and other services close behind. The largest workplaces in Richmond include Richmond Community Schools, Kroger Michigan KMA and Medilodge of Richmond. Across Macomb County, jobs have slipped a little over the past year and unemployment is higher than a year ago, and the typical commute is a moderate one.
Things to do. Wolcott Mill Metropark is a protected area a short drive away, a natural place for a walk or an afternoon outdoors. A longer drive brings you to Lake Saint Clair, a large lake, and to the Selfridge Military Air Museum, a museum devoted to aviation history. Stony Creek Metropark, also a longer drive, is another large park for time outside.
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- 2,456households
- 25%of adults have a degree
- 14%below the poverty line
- 26 mintypical commute
- 6%work from home
What residents work in
Employed residents by industry, from the Census survey. Macomb County had 331,515 jobs in 2025, 1.4% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 30° and lows near 16°; warmest in July, with highs near 83° and lows near 62°. About 47 inches of snow and 36 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Richmond Nnw weather station, 5 miles away (NOAA).
Largest workplaces in Richmond
- Richmond Community SchoolsSchool district217FTE
- Kroger Michigan KMASupermarkets and other grocery except convenience stores160
- Medilodge of RichmondSkilled nursing facilities118
- Power Equipment Distributors RichmondLawn maintenance machinery and equipment merchant wholesalers53
- Allwood Building ComponentsTrusses, wood roof or floor, manufacturing30
- Prosper-Tech Machine & ToolMachine shops30
- RichmondMail and parcel delivery28
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 6 workplaces with 20 or more staff, 419 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- TornadoesRelatively high
- Cold wavesRelatively high
- Strong windRelatively high
- Ice stormsRelatively moderate
- Inland floodingRelatively moderate
- Winter weatherRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Richmond’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Macomb County and the Detroit-Warren-Dearborn, MI metro.
Richmond home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Richmond$305,716
- Michigan$263,760
- United States$366,157
Sellers are cutting prices on about 1 in 4 Richmond listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Richmond27.05%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Richmond26
New listings per month
Sellers arriving at the market.
- Richmond12
Zip codes with a Richmond address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Richmond — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.