Current Price

$141,312

1 Month Forecast

â–² $154,364

1-Year Forecast *

â–² $162,973

5-Year Forecast *

â–² $195,559

"Is it a good time to buy homes in Richmond?" "Does investing in real estate in Richmond (Indiana State, Wayne County) worth it?" According to our live Forecast System, buying a house in Richmond is a good short-term (1-year) investment*. The Richmond average house/property forecasts are updated every month with the latest median property prices by smart technical real estate market analysis. Q&A about "Richmond" projections.
At Walletinvestor.com we predict future home values/prices with real estate market analysis for a wide selection of properties, for example houses in Richmond in Indiana State, Wayne County. If you are looking for homes for sale with good flipping profit, Richmond can be a profitable property investment option. The median price of an average house in Richmond was 141,312 USD on 2026-02-16. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Richmond" area is 195,559 USD by 2031-02-16. For a 5-year investment the profit is expected to be around +38.39% meaning that investing 100000 USD today may yield a profit of 38,389 USD by 2031.

Current Median Listing Price: 141,312 USD Median Listing Price Per Square Foot: 79 USD

Richmond Real Estate Forecast Chart, Short-Term Housing Market Forecast for The Upcoming Months and Year

The short-term real estate market forecast is based on the median home listing prices from the last 5 years.

Richmond (Indiana State) Forecast Chart, Long-Term Predictions for Next Months and Years: 2026-2032

The long-term housing forecast is based on all the available median listing price recorded up to today.

Richmond Price Target

Richmond median home price target in 12 months: $162,973* (upside of 15.3%)

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2025 $147,763 $153,583 $147,763 $153,583
2024 $130,593 $141,312 $130,593 $141,312
2023 $126,702 $130,745 $126,702 $130,973
2022 $117,711 $126,577 $117,711 $126,577
2021 $103,121 $115,927 $103,121 $115,927
2020 $93,187 $101,949 $93,187 $101,949
2019 $88,918 $92,564 $88,918 $92,564
2018 $85,602 $88,268 $85,602 $88,268
2017 $81,866 $85,328 $81,796 $85,328
2016 $77,106 $81,536 $76,654 $81,536
2015 $76,901 $77,527 $75,892 $77,789
2014 $79,798 $77,455 $77,455 $79,798
2013 $80,988 $80,049 $80,049 $81,208
2012 $82,154 $80,829 $80,807 $82,154

Questions & Answers about the Richmond Housing Market Forecast

How much does an average home cost in Richmond today?

The value of an average home (the listing price) in Richmond is $141,312 USD.

What is the average price per square foot in Richmond?

According to Walletinvestor the median price per square foot in Richmond is 79 USD.

Will the median listing price of homes in Richmond grow / rise / go up?

Yes. The Richmond home prices may rise from 141,312 USD to 162,973 USD in one year.

Is it profitable to invest in Richmond homes?

Yes. The long-term profit potential is +15.33% in one year.

Will Richmond house prices fall / drop?

No. See above.

What is the predicted price of a Richmond home in 2030?

The predicted home sales price of a Richmond home in 2030 in Richmond is 184,856 USD.

What is the predicted price of a Richmond home in 2035?

The predicted home sales price of a Richmond home in 2035 in Richmond is 235,025 USD.

Will real estate prices decrease in Richmond?

According to our analysis, it is unlikely to happen.

Short-Term Outlook Based On The Last 12 Months

Richmond is the 1318. largest city in the United States, located in Indiana State.

During the last 12 months the real estate prices in Wayne, Richmond decreased, looking at the past 12 months.

According to Walletinvestor's Richmond real estate market research, home values will increase in the next 12 months.

Median home values decreased by 5.449% to 141,312 USD, between 2025-02-16 and 2026-02-16

The average annual profit of property investment was:

  • 13.818% in 2021
  • 14.808% in 2022
  • 13.438% in 2023
  • 15.348% in 2024
  • 13.978% in 2025
  • 14.618% in 2026

Based on our Richmond real estate market research and report the predicted sales prices will increase by 316.258% in the next 10 years.

Over the last 12 months, the value of homes in Richmond fluctuated: increasing 5 times .

Richmond (Indiana) Housing Market Price Prediction, Forecast for next months and years

Below you will find the price predictions for 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033.

Date Average price Minimum price Maximum price
Richmond Housing Market Forecast with Real Estate Prices for 2025
August 2025 154364 139236 169492
September 2025 155149 141962 168337
October 2025 155939 146114 165763
November 2025 156732 141686 171778
December 2025 157529 147762 167296
Richmond Housing Market Forecast with Real Estate Prices for 2026
January 2026 158330 143764 172897
February 2026 158890 148086 169695
March 2026 159698 146603 172794
April 2026 160511 152004 169018
May 2026 161327 145356 177299
June 2026 162148 149338 174958
July 2026 162973 151728 174218
August 2026 163802 154301 173302
September 2026 164635 154263 175007
October 2026 165472 151904 179041
November 2026 166233 157755 174711
December 2026 166856 154008 179704
Richmond Housing Market Forecast with Real Estate Prices for 2027
January 2027 167174 153967 180381
February 2027 167588 156192 178984
March 2027 168424 153603 183246
April 2027 169281 159971 178591
May 2027 169749 156169 183329
June 2027 169917 157173 182661
July 2027 170312 153792 186832
August 2027 170719 155695 185742
September 2027 171035 161628 180442
October 2027 171479 159818 183140
November 2027 172351 157701 187001
December 2027 173228 163008 183449
Richmond Housing Market Forecast with Real Estate Prices for 2028
January 2028 173619 162855 184384
February 2028 174246 161526 186966
March 2028 174874 160884 188864
April 2028 175266 162647 187885
May 2028 174961 159039 190882
June 2028 174757 166019 183495
July 2028 175646 161770 189522
August 2028 176539 159239 193840
September 2028 177437 167146 187729
October 2028 178340 161933 194747
November 2028 179210 163798 194622
December 2028 179515 162461 196569
Richmond Housing Market Forecast with Real Estate Prices for 2029
January 2029 179820 166693 192947
February 2029 180315 165168 195461
March 2029 181142 169368 192916
April 2029 182063 169137 194990
May 2029 182990 168350 197629
June 2029 183920 170310 197530
July 2029 184856 169698 200014
August 2029 185796 176135 195458
September 2029 186741 171055 202428
October 2029 187691 171362 204021
November 2029 188290 178311 198270
December 2029 189027 177686 200369
Richmond Housing Market Forecast with Real Estate Prices for 2030
January 2030 189989 170990 208988
February 2030 190955 180835 201076
March 2030 191927 173502 210352
April 2030 192903 178242 207564
May 2030 193884 179149 208620
June 2030 194871 181425 208317
July 2030 195559 179719 211400
August 2030 196554 186333 206775
September 2030 197554 177996 217112
October 2030 198559 186844 210274
November 2030 199569 185000 214138
December 2030 200584 183735 217433
Richmond Housing Market Forecast with Real Estate Prices for 2031
January 2031 201605 185275 217935
February 2031 202630 186420 218840
March 2031 203661 186757 220565
April 2031 204597 193344 215850
May 2031 205363 194068 216658
June 2031 205755 185591 225919
July 2031 206264 194920 217609
August 2031 207294 189881 224707
September 2031 208348 194597 222099
October 2031 208925 193464 224385
November 2031 209131 195747 222515
December 2031 209617 194944 224290
Richmond Housing Market Forecast with Real Estate Prices for 2032
January 2032 210118 190367 229869
February 2032 210508 196193 224822
March 2032 211054 195014 227094
April 2032 212127 193884 230370
May 2032 213206 197003 229410
June 2032 213688 192319 235057
July 2032 214459 196444 232473

> Page 2: detailed data / price table <

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* Our real estate forecasts and predictions are made by Machine Learning & AI, and shouldn't been used for financial decisions. We can't guarantee any profit.