How much does it cost to buy a house in Richmond?
Richmond median is $695,000. At 20% down with current rates around 6.85%, expect roughly $139,000 for the downpayment and ~$3,643/mo principal+interest (before tax/insurance/HOA).
For Richmond home buyers
Buy a home in Richmond — the realistic playbook.
Richmond median: $695,000. Days on market: 17. $/sqft: $480. Roger Grubb has 18 years of Bay Area buyer-side experience including dozens of Richmond transactions. Buyer commission paid by seller — Roger costs you nothing extra.
What $$695,000 buys you in Richmond
A working-class city with deep history and pockets of beauty (Point Richmond, Marina Bay) being rediscovered. Where Roger’s current duplex listing on Van Fleet Ave lives.
Roger's insider take: The Annex (where the Van Fleet listing lives) is quietly one of the best value-per-sqft plays in the inner East Bay. Point Richmond holds value through downturns better than the rest of the city.
Buying a Richmond home — FAQ
Is Richmond a good place to buy a home?
Investors looking for rental yield in a transit-rich city, and buyers who see where Point Richmond and Marina Bay are headed and want to be there before the rest of the Bay figures it out.
What schools serve Richmond?
Key schools: Mira Vista K-8 (5/10), Hercules Middle/High (6/10), De Anza High (4/10).
What types of buyers does Richmond attract?
Investors, Income property buyers, First-time buyers, Waterfront seekers.
What's the catch with buying in Richmond?
A homogeneous market — Richmond varies block-by-block in a way few East Bay cities do. The trick is knowing which blocks.
How competitive is buying in Richmond?
Average 17 days on market. Moderately competitive — buyers have some leverage on properly prepped listings.
How do I find off-market homes in Richmond?
Roger Grubb has been transacting in Richmond for 18 years and sees ~1-in-4 homes off-market. Call (510) 504-0402 to get on his buyer list.
Buy in Richmond — one call.
Roger answers his own phone. (510) 504-0402.