Historic storefronts on Morton Street in downtown Richmond, Texas

Photo: Morton Street, downtown Richmond by Adavyd, CC BY-SA 4.0 (cropped)

Buying a home in Richmond, TX

What Richmond homes cost, how fast they sell, the real monthly payment with taxes and insurance, and what your budget buys, from 2,829 HAR MLS sales. Updated October 2026.

Talk to a Richmond buyer's agentSelling in Richmond?

Is it a good time to buy a house in Richmond, TX?

Richmond is a buyer's market with 6.1 months of homes for sale (1,449 active single-family listings). Homes sold for a median 97.2% of list price after 37 days, and 52% of sellers paid toward the buyer's closing costs (median $6,000), so there is room to negotiate on homes that have sat.

The Richmond home market, October 2026

From our monthly market report: resale single-family homes closed 2025-10-18 to 2026-10-18, HAR MLS.

Median sale price · 12 mo
$360,000 ▼ 5.8%
Last 3 months $365K · 1,707 resales
Price per sq ft · 12 mo
$160 ▼ 1.9%
Median 2,426 sq ft · built 2013
Days on market · 12 mo
32 days ▲ 6 days
CDOM 58 · 97.7% of list · 82% below original ask
Cash buy target · 12 mo
$293,000 ■ flat
Median fixer-upper sale (68) · 23% below updated $/sq ft · cash sales $340K
Seller concessions · 12 mo
42% ▲ 4 pts
of sales · median $6,000 (1.7%)
Median rent, houses · 12 mo
$2,300 ▲ 2.2%
1,977 leases · $1.11/sq ft · 3-bed $2,100
2024-102026-10$352K
Median resale price by month, 24 months (gray = the year before).

▲▼ = change vs the 12 months before (2024-10-18 to 2025-10-18). Resale single-family houses, new construction excluded.

Buyer's market6.2 months of inventory

1,460 single-family homes active, 335 pending, against 236 closings a month (new builds included). Under 4 months favors sellers, over 6 favors buyers.

All single-family sales including new construction: median $380,000; new construction 40% of sales at a median $415,000. For sale today: 1,449 homes at a median list price of $438,176, on the market a median 58 days; 335 under contract. 9% of homes sold have a pool.

The real monthly payment

For the median Richmond home ($380,000) with 10% down ($38,000) at the 7.40% 30-year average (2026-10-15).

Property tax at the median MLS rate before any homestead exemption; insurance 0.9% of price a year; HOA averaged across homes. Mortgage insurance, if any, is extra. Get a lender quote for your own number.

Principal + interest$2,368
Property tax (2.65%)$839
Homeowners insurance$285
HOA (average)$73
Estimated payment / month$3,565

For comparison, a 3-bedroom house in Richmond rents for a median $2,100 a month.

What your budget buys in Richmond

The typical home sold in each price range, last 12 months (new construction included).

Price rangeMedian sq ftBedroomsBuiltNew constructionHomes sold
Under $250K1,5343201242%212
$250K–$350K1,9243201832%917
$350K–$450K2,4434202039%721
$450K–$600K2,9334202450%582
$600K and up3,8465201943%397

Richmond by ZIP code

ZIP codes with at least 20 single-family sales in the last 12 months. Flood claims are FEMA flood insurance claims in 10 years.

ZIPMedian pricePrice / sq ftMedian sq ftDays on marketFor sale nowFlood claims (10 yr)
77406$415,000$1702,54440578847
77469$330,000$1622,17835500254
77407$382,000$1672,46236366181
Costs and risks to check
In 100-year flood zone
6% of resale homes sold
Flood claims, 10 years
1,295 FEMA NFIP, city ZIP codes
Property tax rate
2.41% median on MLS, incl. MUD/PID
HOA
$875/yr 95% of homes · check lease rules
Insurance (estimate)
0.9% of value ≈ $206/mo
Cash buyers
29% of 241 sales reporting terms
Days to lease
29 days ■ flat
Rental supply
3.1 mo 528 for lease now

Rates: 30-year fixed average 7.40% (2026-10-15), 6.27% a year earlier; 15-year 6.71% (Freddie Mac via FRED). Investor DSCR loan quote 7.875% (Blink Lending, 2026-10-14).

Buying in Richmond: questions we hear

How much is a house in Richmond, TX?
The median single-family home in Richmond sold for $380,000 over the last 12 months (2,829 sales), $167 per square foot. Resales: $360,000; new construction: $415,000 (40% of sales). Homes for sale today list at a median $438,176.
What is the monthly payment on a $380,000 house in Richmond?
About $3,565 a month with 10% down ($38,000) at the 7.40% 30-year average rate: $2,368 principal and interest, $839 property tax at Richmond's median 2.65% rate, $285 insurance and $73 HOA. A homestead exemption lowers the tax once you live there; mortgage insurance may apply under 20% down. A 3-bedroom house rents for about $2,100 here.
What are property taxes in Richmond, TX?
The median total tax rate on homes sold in Richmond was 2.65% (all taxing units combined, including MUD or PID districts where they apply). Texas has no state income tax, so local property taxes are higher than most states. 97% of homes sold have an HOA (median $900 a year).
What school districts serve Richmond?
Homes sold in Richmond in the last 12 months were in Lamar Consolidated ISD, Fort Bend ISD, Needville ISD. Districts follow property lines, not city or ZIP lines, so check the district for each address you consider.
What can I buy in Richmond for my budget?
In the $250K–$350K range, the typical Richmond home sold was 1,924 square feet with 3 bedrooms, built around 2018. Every price range is in the table on this page.
Does Richmond flood?
6% of resale homes sold in Richmond sit in a FEMA 100-year flood zone, and the city's ZIP codes had 1,295 flood insurance claims in 10 years. Check the flood zone and the seller's disclosure for every home, and quote flood insurance before you offer.

Looking somewhere else around Houston?

Buying to rent it out? See rents and cash flow in Richmond. Already own here? See what Richmond homes sell for.

Sources: HAR MLS closed sales, active listings and leases (single-family homes); Freddie Mac 30-year average rate via FRED; FEMA National Flood Insurance Program claims (OpenFEMA). Data as of 2026-10-20; medians for the Richmond postal city (Fort Bend County). Based on information from the Houston Association of REALTORS® MLS; not guaranteed accurate. School district names come from MLS records; verify for each address.

Buying in Richmond?

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