Richmond, Rhode Island.
Typical home $523,752 (+3.1% in a year). Providence-Warwick, RI-MA metro.
to buy the typical home at today's mortgage rate — +$1,613 (+142%) since Jan 2020.
- 1 year
- Up $15,956 +3%
- $507,796$523,752 since Sep 2025
- 5 years
- Up $127,611 +32%
- $396,141$523,752 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$2,749
- Rhode Island$2,669
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 12 years.
Typical home values in Richmond, RI rose 3.1% over the past year — faster than the nation's +1.2%.
Living in Richmond, Washington County, Rhode Island
Richmond is a town of 8,020 people in Washington County. Half its households earn more than $124,653 a year and half less, against $106,638 across Washington County; 3% of its people live below the poverty line. 97% of its homes are lived in by their owners and 3% are rented. Unemployment in Washington County was 2.9% in August 2026, and the county had 0.7% more 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 It can be wrong or out of date.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 town in Washington County, Rhode Island, where nearly everyone owns the home they live in. Households earn more than across the county as a whole, and far fewer people live below the poverty line than you might expect. Residents are somewhat older than the typical American, and a large share of adults hold a four-year degree. Winters are cold, with January highs near freezing and a good deal of snow, while summers are warm, and the year brings a fair amount of rain and melted snow.
Work. Many residents work in schools, hospitals and social care, with manufacturing, shops, and restaurants and hotels also employing a good share. Chariho Schools is the largest workplace in town, followed by Kenyon Industries, a textile finishing company. The commute is on the long side, and a number of people work from home. Across Washington County, unemployment has eased a little over the past year, and the number of jobs has edged up.
Things to do. Enchanted Forest, an amusement park, is in or beside town, and Arcadia Management Area, a protected area for walking and time outdoors, is a short drive away. The Beaver River is also a short drive from town. For a longer outing, The Breakers in Newport is one of the best known museums in the region, a longer drive away.
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- 2,997households
- 50%of adults have a degree
- 3%below the poverty line
- 34 mintypical commute
- 11%work from home
What residents work in
Employed residents by industry, from the Census survey. Washington County had 59,618 jobs in 2025, 0.7% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 40° and lows near 21°; warmest in July, with highs near 83° and lows near 62°. About 34 inches of snow and 53 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Kingston weather station, 6 miles away (NOAA).
Largest workplaces in Richmond
- Chariho SchoolsSchool district500FTE
- Kenyon IndustriesTextile products finishing197
- Student Transportation of America485410102
- Oldcastle Lawn and GardenApplicators, wood, manufacturing35
- Compass Group31
- Ocean State Job Lot RI1116All other general merchandise retailers26
- Safety Marking25
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 6 workplaces with 20 or more staff, 416 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
- HurricanesRelatively moderate
- Coastal floodingRelatively moderate
- Inland floodingRelatively moderate
- Ice stormsRelatively moderate
- LightningRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms across Washington County, against the rest of the country; all of them together, relatively low. 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 Washington County and the Providence-Warwick, RI-MA 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$523,752
- Rhode Island$508,507
- United States$366,157
Sellers are cutting prices on about 1 in 5 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.
Not enough data to draw this yet.
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Richmond21
New listings per month
Sellers arriving at the market.
- Richmond11
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.
Zip codes in Richmond
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 02892 | West Kingston | 5,768 | — | $596,760 |
| 02898 | Wyoming | 1,912 | — | $496,755 |
| 02812 | Carolina | 1,479 | — | $530,654 |
| 02894 | Wood River Junction | 831 | — | $492,429 |