Richmond, TN Housing Market

$367,929

1.7% 1-yr

The average Richmond, TN home value is $367,929, up 1.7% over the past year.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Richmond Key Takeaways

Typical Home Values: $367,929

1-year Value Change: +1.7%

(Data through July 31, 2025)

Richmond Housing Market Overview

--1-year Market Forecast

6For sale inventory(July 31, 2025)

--New listings(July 31, 2025)

--Median sale to list ratio

--Median sale price

--Median list price(July 31, 2025)

--Percent of sales over list price

--Percent of sales under list price

--Median days to pending

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Nearby Neighborhoods

NameMedian ZHVI
Alton Park$212,930
South Gardens--
Oak Hill$139,869
Southside$431,887
Fort Negley--
Clifton Hills$128,385
Jefferson Heights$533,329
Jeffersonville--
Saint Elmo$399,991

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Richmond Rental Market Trends

--Average rent in Richmond

$2,072National average rent(July 31, 2025)

--Month-over-month change

--Year-over-year change

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.