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City · 5,959 residents · Ray County, Missouri

Richmond , Missouri

In Richmond, a typical home is worth $142,600 and typical rent is $722 a month. Compared with all of Ray County, the typical home value is 28% lower, typical household income is 20% lower, and the share of households that own their home is 20 points lower.

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  • Typical home value

    $142,600

    28% below the county

    38% below Missouri

    • Richmond
    • Ray
    • Missouri

  • Typical rent

    $722a month

    8% below the county

    30% below Missouri

    • Richmond
    • Ray
    • Missouri

  • Typical household income

    $59,556a year

    20% below the county

    16% below Missouri

    • Richmond
    • Ray
    • Missouri

  • Households that own their home

    57%

    20 points below the county

    11 points below Missouri

    • Richmond
    • Ray
    • Missouri

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$236,014
2.7% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Richmond is in Ray County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Ray County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Richmond apart

What this place has that others do not, from public data, most unusual first.

  1. 57% of households in Richmond own their home, against 77% in Ray County.

  2. The typical home in Richmond is worth $142,600, 28% less than in Ray County as a whole ($198,800).

  3. Richmond has the 9th lowest typical rent of the 138 cities in Missouri with more than 5,000 people ($722).

  4. The typical household income in Richmond is $59,556, 20% less than in Ray County as a whole ($74,573).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Richmond

What homes there are in Richmond, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Richmond, 7 in 10 homes are single-family detached houses; in Ray County, 8.

Year built

The typical home in Richmond was built in 1962, 12 years before the typical one in Ray County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

With an FHA limit of $541,287, at least 100% of owner-occupied homes in Richmond sit below it: they are worth less than $500,000.

Monthly rent with utilities

With a mortgage

$994 a month

Ray County: $1,404 a month

Without a mortgage

$441 a month

Ray County: $507 a month

Owners with a mortgage

62%

Ray County: 58%

In Richmond, 62% of owners have a mortgage, and their typical cost is $994 a month, against $1,404 in Ray County. Without one it drops to $441.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Homes in Richmond gained value more slowly than in Ray County: 42% since 2015–2019, against 49%.

Since 2015–2019, the typical rent in Richmond rose 15%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureRichmondRay CountyMissouriUnited States
Rental vacancy Unreliable estimateUnreliable estimate5.0%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.9%0.9%
More than one person per room Unreliable estimate1.6%1.7%3.4%
People per household 2.182.512.402.53
Drive alone 78%77%75%69%
Carpool 13%10%8%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimateUnreliable estimate2%3%
Work from home Unreliable estimate11%13%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute Unreliable estimate30 to 39 minutes20 to 29 minutes20 to 29 minutes

On average, a household in Richmond has 2.18 people, fewer than in Ray County (2.51).

In Richmond, 13% of workers share a car to get to work; in Ray County, 10%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Richmond?

A typical home is within reach of the typical income

We start with a typical home in Richmond, worth $142,600, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 24% of the typical household income in Richmond, which is $59,556 a year.

The calculator's FHA and conventional loan limits are those of all of Ray County.

Your numbers

Local data
$

Starts at the typical home value in Richmond. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $4,991 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,178

at 7.18% · 30 years

Loan amount
$140,017
Total interest
$201,452
Paid off in
November 2056

Includes $2,408 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,390 a month

    Your payment · 24%

  • Tight

    $1,390 to $1,787 a month

  • Hard

    more than $1,787 a month

Compared with the typical household income in Richmond ($59,556 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,178
Principal & interest$949
Property tax$107
Home insurance$59
FHA mortgage insurance (MIP)$63

You need at least $4,991 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Richmond and Ray County

Richmond is in Ray County, Missouri. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Richmond's own numbers

Typical home value
$142,600
Typical monthly rent
$722
Typical yearly household income
$59,556
Households that own their home
57%
Effective property tax rate
0.9%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Ray County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,546
Price change over 5 years (FHFA)
+53%
Homes in a high flood-risk zone
4.3%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Ray County.

Everything about Ray County

Buying

Buying a home in Richmond

A typical home in Richmond is worth $142,600: 28% below the county and 38% below Missouri. With the typical household income in Richmond ($59,556 a year), a typical home costs 2.4 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Richmond 2.4 years
  • Ray 2.7 years
  • Missouri 3.3 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Ray County

According to FHFA’s house price index, home prices in Ray County rose 102% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Ray County.

Period County Missouri U.S.
Last year (2025) +6.1% +3.7% +2.9%
5 years (2020–2025) +53% +51% +47%
10 years (2015–2025) +102% +88% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Richmond next to Ray County, Missouri and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Richmond $142,600
  • Ray $198,800
  • Missouri $230,300
  • United States $332,700
Typical monthly rent
  • Richmond $722
  • Ray $782
  • Missouri $1,033
  • United States $1,413
Typical yearly household income
  • Richmond $59,556
  • Ray $74,573
  • Missouri $70,702
  • United States $80,734
See the full table
Richmond next to Ray County and Missouri
Measure Richmond Ray County Missouri U.S.
Typical home value $142,600 $198,800 $230,300 $332,700
Typical monthly rent $722 $782 $1,033 $1,413
Typical yearly household income $59,556 $74,573 $70,702 $80,734
Households that own their home 57% 77% 68% 65%
Typical yearly property tax $1,279 $1,594 $1,948 $3,119
Effective property tax rate 0.9% 0.8% 0.85% 0.94%
Renters with high rent for their income 45% 42% 46% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Ray County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Richmond

For a typical $142,600 home in Richmond, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Richmond's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,178a month

    Least cash to close
    Down payment
    $4,991
    Cash to close
    $9,269
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $63

  • Conventional, 5% down $1,152a month

    Down payment
    $7,130
    Cash to close
    $11,408
    Rate
    7.18%
    Mortgage insurance
    PMI · $68

  • Conventional, 20% down, no PMI $939a month

    Down payment
    $28,520
    Cash to close
    $32,798
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,071a month

    Down payment
    $21,390
    Cash to close
    $25,668
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Richmond and for Ray County.

Property tax

Effective rate in Richmond

0.9%of the home’s value each year

$1,279 a year for the typical owner in Richmond.

  • Richmond 0.9%
  • Ray 0.8%
  • Missouri 0.85%

What Missouri publishes Deadline to appeal the assessment to the county board of equalization (Missouri Revisor of Statutes (Revised Statutes of Missouri))

Exemptions and deadlines in Missouri

Flood risk in Ray County

FEMA does not publish these numbers by city: they are for all of Ray County.

Homes in the high-risk zone
4.3%
457
Of those, with NFIP insurance
12%
County Missouri U.S.
Homes in the high-risk zone 4.3% 1.6% 3.5%
Of those, with NFIP insurance 12% 19% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Richmond

Typical rent in Richmond is $722 a month: 8% below the county. In Richmond, 45% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Ray County, by unit size. To pay the 2-bedroom one ($1,546 a month) without spending more than 30% of your income, you would need to earn $29.73 an hour working full time.

HUD fair market rent for all of Ray County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,257 $24.17 $50,280
1 bedroom $1,366 $26.27 $54,640
2 bedrooms $1,546 $29.73 $61,840
3 bedrooms $2,020 $38.85 $80,800
4 bedrooms $2,419 $46.52 $96,760

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Richmond

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Richmond is in ZIP code 64085.

For 2 bedrooms it is $1,000: $546 less than the fair market rent for Ray County ($1,546).

  • 64085 $1,000$1,310

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Richmond when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Richmond

HUD lists 8 buildings with rents for lower incomes in Richmond. These are the largest.

  • Richmond Lha 312 W Buchanan St, Richmond 64085 119 homes, 118 low-income · Run by Richmond Housing Authority · Average payment: $434 a month · Average wait: 12 months (816) 470-2308
  • Harvest Hills Vills 1409 Hamra Dr, Richmond 64085 48 low-income homes · 2 bd: 48 · In service since 2017 · For older adults
  • Richmond Senior Housing 115 Alex Loop, Richmond 64085 40 low-income homes · 1 bd: 8 · 2 bd: 32 · In service since 2006 · For older adults, people with disabilities
  • Richmond Manor Apts 301 E Lexington St, Richmond 64085 36 low-income homes · 1 bd: 36 · In service since 1994
  • Richmond-Hardin Partnership 1105 Fairway Dr, Richmond 64085 32 low-income homes · 2 bd: 32 · In service since 1995

See all 9 buildings in Ray County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Richmond

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Ray County. The nearest ones are below; many serve by phone or online.

A pregnant woman reads paperwork on the sofa while the grandmother plays with the girl on the floor.

HUD counseling is free or low-cost

Assistance programs in Richmond

No down payment, repair or rent-help program on our list is for Richmond or Ray County. The ones below are statewide in Missouri: they work in Richmond the same as in the rest of the state.

Which programs do I qualify for? All programs in Missouri

  • First Place Loan Program

    Statewide in Missouri

    Missouri state commission mortgage for first-time buyers and veterans, with the option of cash assistance for the down payment and closing costs. Offered by Missouri Housing Development Commission (MHDC).

    Type not stated

    See the program Official page

  • Next Step Program

    Statewide in Missouri

    Missouri state commission mortgage for buyers who earn more than First Place allows, with a second loan of 4% of the mortgage for the down payment and closing costs that is forgiven after ten years. Offered by Missouri Housing Development Commission (MHDC).

    Forgivable

    See the program Official page

Housing counselors near Richmond

The HUD-approved agencies closest to the center of Richmond, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Community Services League

    404 N Noland Rd, Independence · 27 miles away

    • Budget and financial counseling
    • Fair housing pre-purchase workshops
    • and 4 more
    (816) 254-4100

  • Habitat for Humanity of Kansas City

    1423 E Linwood Blvd, Kansas City · 35 miles away

    • Mortgage delinquency and default
    • Home improvement and repairs
    • and 3 more
    (816) 924-1096

  • Credit & Homeownership Empowerment Services, Inc.

    3115 Gillham Plz, Kansas City · 35 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 9 more
    (816) 533-7417

All counseling agencies in Missouri

Help in Spanish near Richmond

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Richmond

HUD’s record names them for Richmond or Ray County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

One other authority has an office in Ray County: see the list Source: HUD

Cities

Nearby cities

The cities closest to Richmond, with the typical home value.

Everything about Ray County Housing in Missouri

Neighboring counties

If Ray County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Richmond.

All guides
Three women of one family talk as they cook vegetables in the kitchen.

Questions

Housing questions about Richmond

Short answers with the numbers for Richmond and all of Ray County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Richmond?

The typical home value in Richmond is $142,600, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Ray County it is $198,800.

How much does it cost to rent in Richmond?

Typical rent in Richmond is $722 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Ray County is $1,546.

What is the FHA loan limit in Richmond?

Richmond uses the FHA limit for all of Ray County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Richmond?

The typical homeowner in Richmond pays $1,279 a year, according to the U.S. Census Bureau. That is 0.9% of the home’s value; in Ray County, the rate is 0.8%.

Where can I find free help to buy or rent in Richmond?

We found no HUD-approved counseling agencies with an office in Ray County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).