Home prices
Richmond's median home price is $258,300. This is about $22,920 (8%) lower in comparison to the surrounding areas.In comparison to the rest of the country it is about $40,800 (18%) higher, and compared to the city of Burlington is roughly $26,200 (9%) lower.
Rents
The median monthly rent in Richmond is $967. It is about $303 (23%) lower in comparison to the surrounding areas.In comparison to the entire nation it is approximately $95 (8%) lower, and compared to the city of Burlington it is about $246 (20%) lower.
Nearby places
Hinesburg
Hinesburg is roughly 6 miles southwest from Richmond. Its housing prices are somewhat more expensive. Hinesburg's median home price is $296,600, which comes out to $38,300 (12%) higher than Richmond. Its rents are somewhat more expensive. The median monthly rent in Hinesburg is $1,141, which works out to $174 (15%) higher than Richmond.
Essex Junction
Essex Junction is about 7 miles northwest from Richmond. The housing prices there are a bit more expensive. Essex Junction's median home price is $298,200, which comes out to $39,900 (13%) higher than Richmond. Rents there are a little more expensive. Essex Junction's median monthly rent is $1,313, which comes out to $346 (26%) higher than Richmond.
Winooski
Winooski is about 9 miles northwest from Richmond. Housing prices there are somewhat less expensive. The median home in Winooski is valued at $225,200, which comes out to $33,100 (14%) lower than Richmond. Rent there is somewhat more expensive. The median rent in Winooski is $1,144 a month, which works out to $177 (15%) higher than Richmond.
Shelburne
Shelburne is about 9 miles west from Richmond. The housing prices there are a little more expensive. Shelburne's median home value is $278,600, which is $20,300 (7%) higher than Richmond. Rents there are somewhat more expensive. In Shelburne the median rent is $1,349 per month, which is $382 (28%) higher than Richmond.
South Burlington
South Burlington is about 9 miles west of Richmond. The real estate prices there are somewhat more expensive. South Burlington's median home price is $307,500, which is $49,200 (16%) higher than Richmond. The rent there is a little more expensive. South Burlington's median monthly rent is $1,401, which comes out to $434 (30%) higher than Richmond.
