Why Live in Richmond
Richmond, Vermont, located 14 miles southeast of Burlington, offers a rural escape with a charming village center. Known for its outdoor recreation, the town features numerous trails, green spaces, and bodies of water, including Volunteers Green, a hub for community events. The housing landscape in Richmond is diverse, with single-family homes, duplexes, and farmhouses prevalent in the village and outskirts. The village area is walkable, with ranch, bungalow, and farmhouse-style homes lining the streets, while more rural properties often include acreage. Richmond's schools are highly rated, with Richmond Elementary, Camels Hump Middle, and Mt. Mansfield Union High School providing quality education. For those seeking things to do, Richmond offers a variety of activities, from kayaking and fishing on the Winooski River to skiing and mountain biking at Cochran's Ski Area. Dining options include Sweet Simone's for pastries, Papa McKee's Pizzeria, and Stone Corral microbrewery. The town hosts annual events like the Fourth of July parade and the Richmond Holiday Market. Commuting is facilitated by Interstate 89, providing easy access to Burlington, with additional transport options via Green Mountain Transit.
Frequently Asked Questions
What is the average home price in Richmond, VT?
Homes for sale in Richmond, VT have an average home price of $611,812.
Are home prices dropping in Richmond?
Yes, home prices in Richmond are down 17% in the last 12 months.
How many homes have sold over the last 12 months in Richmond, VT?
31 homes have sold in Richmond, VT over the last 12 months.
What are the most popular zip codes in Richmond, VT?
How much do you need to make to afford a house in Richmond?
The median home price in Richmond is $575,000. If you put a 20% down payment of $115,000 and had a 30-year fixed mortgage with an interest rate of 6.75%, your estimated principal and interest payment would be $2,980 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $128K a year to afford the median home price in Richmond.
How are the schools in Richmond, VT?
Home Trends in Richmond, VT
On average, homes in Richmond, VT sell after 40 days on the market compared to the national average of 51 days. The median sale price for homes in Richmond, VT over the last 12 months is $545,000, down 17% from the median home sale price over the previous 12 months.
Median Sale Price
$545,000
Median Single Family Sale Price
$600,000
Median 1 Bedroom Sale Price
$165,000
Average Price Per Sq Ft
$312
Number of Homes for Sale
5
Last 12 months Home Sales
31
Median List Price
$575,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-17%