Current Price

$218,321

1 Month Forecast

â–² $228,192

1-Year Forecast *

â–² $242,007

5-Year Forecast *

â–² $293,293

"Is it a good time to buy homes in Richmond?" "Does investing in real estate in Richmond (Kansas State, Franklin 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 Kansas State, Franklin 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 218,321 USD on 2026-03-03. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Richmond" area is 293,293 USD by 2031-03-03. For a 5-year investment the profit is expected to be around +34.34% meaning that investing 100000 USD today may yield a profit of 34,340 USD by 2031.

Current Median Listing Price: 218,321 USD Median Listing Price Per Square Foot: 121 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 (Kansas 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: $242,007* (upside of 10.8%)

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2025 $223,225 $226,745 $223,225 $226,745
2024 $199,497 $218,321 $199,497 $218,321
2023 $185,197 $199,705 $180,587 $199,705
2022 $168,014 $188,077 $168,014 $189,874
2021 $142,560 $165,662 $142,560 $165,662
2020 $118,850 $139,649 $118,850 $139,649
2019 $113,330 $118,683 $113,330 $118,683
2018 $107,140 $113,159 $107,140 $116,003
2017 $100,406 $106,648 $100,406 $106,648
2016 $94,076 $99,279 $94,076 $99,279
2015 $81,582 $93,166 $81,582 $93,166
2014 $73,197 $80,341 $73,197 $80,341
2013 $64,474 $72,670 $63,467 $72,670
2012 $63,948 $65,086 $63,948 $67,372

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 $218,321 USD.

What is the average price per square foot in Richmond?

According to Walletinvestor the median price per square foot in Richmond is 121 USD.

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

Yes. The Richmond home prices may rise from 218,321 USD to 242,007 USD in one year.

Is it profitable to invest in Richmond homes?

Yes. The long-term profit potential is +10.85% 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 278,801 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 359,350 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 19010. largest city in the United States, located in Kansas State.

During the last 12 months the real estate prices in Franklin, 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 2.417% to 218,321 USD, between 2025-03-03 and 2026-03-03

The average annual profit of property investment was:

  • 11.849% in 2021
  • 11.889% in 2022
  • 11.859% in 2023
  • 11.979% in 2024
  • 9.409% in 2025
  • 9.919% in 2026

Based on our Richmond real estate market research and report the predicted sales prices will increase by 180.104% in the next 10 years.

Over the last 12 months, the value of homes in Richmond fluctuated: increasing 3 times and decreasing 1 times.

Richmond (Kansas) 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 228192 208111 248273
September 2025 229649 209210 250088
October 2025 231115 218404 243826
November 2025 232591 218868 246313
December 2025 234075 211136 257015
Richmond Housing Market Forecast with Real Estate Prices for 2026
January 2026 234775 214349 255200
February 2026 235167 222703 247631
March 2026 235960 214016 257905
April 2026 237430 216062 258799
May 2026 238946 216246 261646
June 2026 240472 220513 260431
July 2026 242007 228697 255317
August 2026 243552 226503 260601
September 2026 245107 232361 257852
October 2026 246671 228664 264679
November 2026 248246 231862 264631
December 2026 249831 228096 271566
Richmond Housing Market Forecast with Real Estate Prices for 2027
January 2027 251426 227792 275060
February 2027 252703 229201 276204
March 2027 252546 236635 268456
April 2027 251764 235903 267625
May 2027 250985 235173 266797
June 2027 250208 231192 269224
July 2027 249434 232722 266146
August 2027 250161 226145 274176
September 2027 251758 233379 270136
October 2027 253365 237403 269327
November 2027 254982 238918 271046
December 2027 256610 239930 273290
Richmond Housing Market Forecast with Real Estate Prices for 2028
January 2028 258248 244819 271677
February 2028 259897 238845 280949
March 2028 261137 238940 283333
April 2028 261243 243478 279007
May 2028 260971 246878 275063
June 2028 261735 239226 284244
July 2028 263406 241543 285269
August 2028 265088 238844 291331
September 2028 266780 247038 286522
October 2028 268483 244857 292110
November 2028 270197 251283 289111
December 2028 271922 249081 294764
Richmond Housing Market Forecast with Real Estate Prices for 2029
January 2029 273088 246326 299851
February 2029 273964 253965 293963
March 2029 274656 251859 297452
April 2029 276409 253744 299075
May 2029 278174 263431 292917
June 2029 279181 252380 305982
July 2029 278801 264582 293020
August 2029 278524 260141 296907
September 2029 278834 259873 297794
October 2029 280050 256526 303575
November 2029 281838 264082 299594
December 2029 283637 258394 308881
Richmond Housing Market Forecast with Real Estate Prices for 2030
January 2030 285448 265181 305715
February 2030 287271 272907 301634
March 2030 289104 261640 316569
April 2030 290950 269420 312480
May 2030 291819 267890 315749
June 2030 292307 264538 320076
July 2030 293293 268363 318223
August 2030 295120 279479 310762
September 2030 297004 271165 322844
October 2030 298900 281265 316536
November 2030 300809 271029 330589
December 2030 302729 285171 320287
Richmond Housing Market Forecast with Real Estate Prices for 2031
January 2031 304662 280898 328425
February 2031 306607 290970 322244
March 2031 308564 291902 325227
April 2031 310534 282896 338171
May 2031 312516 291265 333768
June 2031 314103 286462 341744
July 2031 313908 287226 340590
August 2031 312937 291031 334842
September 2031 311968 288258 335678
October 2031 311002 293586 328419
November 2031 310040 288337 331743
December 2031 310943 281404 340483
Richmond Housing Market Forecast with Real Estate Prices for 2032
January 2032 312929 281636 344221
February 2032 314926 290047 339805
March 2032 316937 297921 335953
April 2032 318960 289616 348305
May 2032 320996 289539 352454
June 2032 323046 299140 346951
July 2032 324587 293426 355747

> 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.