In Richmond, a typical home is worth $231,500 and typical rent is $1,319 a month. Compared with all of Fort Bend County, typical household income is 56% lower, the typical home value is 38% lower, and the share of households that own their home is 23 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $331,875 to $373,695.
Typical rent
$1,813a month
= about the same as 12 months ago
Typical rent from Zillow, September 2021 to September 2026: from $1,689 to $1,813.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Richmond is in Fort Bend 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 Fort Bend County. See the county
What this place has that others do not, from public data, most unusual first.
1
53% of households in Richmond own their home, against 77% in Fort Bend County.
2
The typical household income in Richmond is $50,337,56% less than in Fort Bend County as a whole ($114,041).
3
Richmond has the 13th largest share of rent-burdened renters of the 356 cities in Texas with more than 5,000 people (73%).
4
The typical home in Richmond is worth $231,500,38% less than in Fort Bend County as a whole ($374,500).
5
The typical rent in Richmond is $1,319 a month, 27% less than in Fort Bend County as a whole ($1,807).
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
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Richmond
Fort Bend County
Texas
United States
Kind of home: Richmond and its comparisons
Measure
Richmond
Fort Bend County
Texas
United States
Detached house
47%
83%
64%
61%
Attached house
Unreliable estimate
2%
3%
6%
Building of 2 to 4
Unreliable estimate
2%
5%
8%
Apartments (5 or more)
Unreliable estimate
11%
21%
19%
Mobile home
14%
3%
6%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
In Richmond there is a bit of everything: no kind of home reaches half. The most common are detached houses (47%); in Fort Bend County, 83%.
There are more mobile homes here than in Fort Bend County: 14% of homes, against 3%.
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Richmond
Fort Bend County
Texas
United States
Year built: Richmond and its comparisons
Measure
Richmond
Fort Bend County
Texas
United States
Before 1960
12%
2%
12%
26%
1960–1979
35%
10%
21%
24%
1980–1999
19%
26%
28%
25%
2000–2009
Unreliable estimate
25%
18%
14%
2010 or later
28%
37%
21%
11%
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100K24%
$100K–$200K20%
$200K–$300K39%
$300K–$500KUnreliable
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Richmond and its comparisons
Measure
Richmond
Under $100K
24%
$100K–$200K
20%
$200K–$300K
39%
$300K–$500K
Unreliable estimate
$500K–$750K
Unreliable
$750K–$1M
Unreliable estimate
$1M or more
Unreliable
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,49943%
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Richmond and its comparisons
Measure
Richmond
Under $500
Unreliable
$500–$999
Unreliable estimate
$1,000–$1,499
43%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable
With a mortgage
$1,889 a month
Fort Bend County: $2,665 a month
Without a mortgage
$605 a month
Fort Bend County: $1,008 a month
Owners with a mortgage
30%
Fort Bend County: 64%
Owning costs less in Richmond: with a mortgage, the typical cost is $1,889 a month; in Fort Bend County, $2,665. Without one, $605.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Richmond+47%
Fort Bend County+41%
Texas+65%
United States+53%
Typical rent
Richmond+57%
Fort Bend County+26%
Texas+34%
United States+33%
Typical household income
RichmondNo clear change
Fort Bend County+17%
Texas+27%
United States+29%
Change since 2015–2019: Richmond and its comparisons
Measure
Richmond
Fort Bend County
Texas
United States
Typical home value
+47%
+41%
+65%
+53%
Typical rent
+57%
+26%
+34%
+33%
Typical household income
No clear change
+17%
+27%
+29%
Since 2015–2019, homes in Richmond gained value faster than in Fort Bend County: 47% against 41%.
Rents in Richmond rose faster than in Fort Bend County: 57% since 2015–2019, against 26%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Richmond and its comparisons
Measure
Richmond
Fort Bend County
Texas
United States
Rental vacancy
Unreliable estimate
6.7%
7.7%
5.5%
Homeowner vacancy
Unreliable estimate
0.7%
1.1%
0.9%
More than one person per room
Unreliable estimate
3.3%
4.8%
3.4%
People per household
2.40
3.03
2.69
2.53
Drive alone
66%
70%
71%
69%
Carpool
18%
9%
10%
9%
Public transit
Unreliable estimate
1%
1%
3%
Walk or bike
Unreliable estimate
1%
2%
3%
Work from home
Unreliable estimate
18%
14%
15%
Other means
Unreliable estimate
1%
2%
2%
Typical commute
Unreliable estimate
30 to 39 minutes
20 to 29 minutes
20 to 29 minutes
On average, a household in Richmond has 2.40 people, fewer than in Fort Bend County (3.03).
In Richmond, 18% of workers share a car to get to work; in Fort Bend County, 9%.
Do the math
What would you pay each month for a home in Richmond?
A typical home costs more than the typical income allows
We start with a typical home in Richmond, worth $231,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 48% of the typical household income in Richmond, which is $50,337 a year. For that payment to be 28% of income, a household would need to earn about $86,752 a year.
The calculator's FHA and conventional loan limits are those of all of Fort Bend County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Richmond. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $8,103 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$2,024
at 7.18% · 30 years
Loan amount
$227,306
Total interest
$327,041
Paid off in
November 2056
Includes $3,909 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,175 a month
Tight
$1,175 to $1,510 a month
Hard
more than $1,510 a month
Your payment · 48%
Compared with the typical household income in Richmond ($50,337 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,540
Property tax
$286
Home insurance
$97
FHA mortgage insurance (MIP)
$102
You need at least $8,103 for the down payment, plus closing costs.
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.
Total monthly payment $2,024; principal and interest $1,540.
The city and its county
Richmond and Fort Bend County
Richmond is in Fort Bend County, Texas. 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
Map of Fort Bend County, Texas, with Richmond marked. Around it, the neighboring counties.
Richmond
Fort Bend County
Other cities with a page
Richmond's own numbers
Typical home value
$231,500
Typical monthly rent
$1,319
Typical yearly household income
$50,337
Households that own their home
53%
Effective property tax rate
1.48%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Fort Bend County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,497
Price change over 5 years (FHFA)
+56%
Homes in a high flood-risk zone
2.6%
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 Fort Bend County.
A typical home in Richmond is worth $231,500: 38% below the county and 18% below Texas. With the typical household income in Richmond ($50,337 a year), a typical home costs 4.6 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.
Richmond4.6 years
Fort Bend3.3 years
Texas3.6 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Fort Bend County
According to FHFA’s house price index, home prices in Fort Bend County rose 91% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Fort Bend County.
Yearly change in FHFA’s price index in Fort Bend County, 2016 to 2025
2016: +7.4% +7.4% 2016
2017: +3.7% +3.7% 2017
2018: +4.3% +4.3% 2018
2019: +4.9% +4.9% 2019
2020: +0.5% +0.5% 2020
2021: +10.6% +10.6% 2021
2022: +20.8% +20.8% 2022
2023: +6.7% +6.7% 2023
2024: +3.1% +3.1% 2024
2025: +6.0% +6.0% 2025
Change in FHFA’s price index in Fort Bend County, Texas and the United States
Period
County
Texas
U.S.
Last year (2025)
+6.0%
+0.8%
+2.9%
5 years (2020–2025)
+56%
+44%
+47%
10 years (2015–2025)
+91%
+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 Fort Bend County, Texas and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Richmond$231,500
Fort Bend$374,500
Texas$283,800
United States$332,700
Typical monthly rent
Richmond$1,319
Fort Bend$1,807
Texas$1,403
United States$1,413
Typical yearly household income
Richmond$50,337
Fort Bend$114,041
Texas$78,476
United States$80,734
See the full table
Richmond next to Fort Bend County and Texas
Measure
Richmond
Fort Bend County
Texas
U.S.
Typical home value
$231,500 ▼38% below the county
$374,500
$283,800
$332,700
Typical monthly rent
$1,319 ▼27% below the county
$1,807
$1,403
$1,413
Typical yearly household income
$50,337 ▼56% below the county
$114,041
$78,476
$80,734
Households that own their home
53% ▼23 points below the county
77%
63%
65%
Typical yearly property tax
$3,425 ▼51% below the county
$6,965
$4,232
$3,119
Effective property tax rate
1.48% ▼0.38 points below the county
1.86%
1.49%
0.94%
Renters with high rent for their income
73% ▲20 points above the county
54%
52%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Fort Bend 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 $231,500 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$2,024a month
Least cash to close
Down payment
$8,103
Cash to close
$15,048
Rate
7.18%
Mortgage insurance
FHA MIP · $102
Conventional, 5% down$1,982a month
Down payment
$11,575
Cash to close
$18,520
Rate
7.18%
Mortgage insurance
PMI · $110
Conventional, 20% down, no PMI$1,637a month
Down payment
$46,300
Cash to close
$53,245
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,851a month
Down payment
$34,725
Cash to close
$41,670
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Richmond
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$2,024
$8,103
$227,307
7.18%
FHA MIP · $102
$15,048
580
Conventional, 5% down
$1,982
$11,575
$219,925
7.18%
PMI · $110
$18,520
620*
Conventional, 20% down, no PMI
$1,637
$46,300
$185,200
7.18%
None
$53,245
620*
ITIN, 15% down (example)
$1,851
$34,725
$196,775
8.18%
None
$41,670
Set by the lender
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.
Typical rent in Richmond is $1,319 a month: 27% below the county. In Richmond, 73% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Fort Bend County, by unit size. To pay the 2-bedroom one ($1,497 a month) without spending more than 30% of your income, you would need to earn $28.79 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Fort Bend County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,233
$23.71
$49,320
1 bedroom
$1,261
$24.25
$50,440
2 bedrooms
$1,497
$28.79
$59,880
3 bedrooms
$2,017
$38.79
$80,680
4 bedrooms
$2,502
$48.12
$100,080
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 77469.
For 2 bedrooms it is $1,760: $263 more than the fair market rent for Fort Bend County ($1,497).
Fair market rent by ZIP code and size in Richmond, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
77469
$1,450
$1,480
$1,760
$2,370
$2,940
ZIP code2 bd3 bd
77469 $1,760$2,370
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 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
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.
There are 2 HUD-approved agencies with an office in Fort Bend County; 2 say they serve in Spanish.
No down payment, repair or rent-help program on our list is for Richmond or Fort Bend County. The ones below are statewide in Texas: they work in Richmond the same as in the rest of the state.
Texas state program for first-time buyers: a 30-year mortgage with down payment assistance.Offered by Texas Department of Housing and Community Affairs (TDHCA).
Texas state program with down payment assistance for any buyer, not only first-time buyers.Offered by Texas Department of Housing and Community Affairs (TDHCA).
Texas state certificate that turns part of your mortgage interest into a credit on your federal tax return.Offered by Texas Department of Housing and Community Affairs (TDHCA).
No legal help resource on our list is for Richmond or Fort Bend County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Richmond and all of Fort Bend 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 $231,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Fort Bend County it is $374,500.
How much does it cost to rent in Richmond?
Typical rent in Richmond is $1,319 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Fort Bend County is $1,497.
What is the FHA loan limit in Richmond?
Richmond uses the FHA limit for all of Fort Bend 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 $3,425 a year, according to the U.S. Census Bureau. That is 1.48% of the home’s value; in Fort Bend County, the rate is 1.86%.
Where can I find free help to buy or rent in Richmond?
There are 2 HUD-approved counseling agencies with an office in Fort Bend County. 2 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.
