Richmond, TX Real Estate & Homes for Sale

Richmond, TX Housing Market Trends

The Richmond housing market is somewhat competitive, with homes receiving an average of two offers and selling in about 35 days. The median sale price rose to $390K last month, up 23.2% from last year, while the median price per square foot increased 8.2% to $171. These trends indicate strong price growth and steady demand, even with moderate competition in the market.

Buying a Property in Richmond, TX?

When considering buying a home in Richmond, TX, there are several critical factors to keep in mind. Here’s a detailed overview of the top considerations, designed to help you understand the unique aspects of the Houston market. Feel free to reach out to us for further details or to schedule a showing if you're ready to take the next step!

Richmond offers two distinct living environments: the historic downtown area with century-old homes, mature trees, and a small-town feel, and the newer master-planned communities such as Harvest Green, Aliana, and Veranda with modern builds, HOA amenities, and consistent architectural themes. Downtown properties often have fewer deed restrictions but may require more maintenance and renovation, while newer developments provide pools, trails, and community events but come with stricter HOA guidelines. Decide whether you prefer the character and independence of the historic core or the amenities and uniformity of a planned neighborhood.

Richmond lies entirely within Fort Bend County, but tax rates vary considerably depending on the MUD or LID (Levee Improvement District) serving the property. Many master-planned areas carry higher MUD taxes to fund infrastructure, while older sections may have lower ongoing rates. Factor in HOA fees, community maintenance charges, and any special assessments when comparing areas. Request a property-specific tax breakdown before committing—these differences can significantly impact long-term affordability.

Richmond sits near the Brazos River, so flood risk is a key due-diligence item. Some communities are within levee-protected zones with pump systems, while others are in areas that experienced flooding during events like Hurricane Harvey. Check FEMA flood maps, county floodplain data, and any past claims on the property. In levee districts, understand annual levee taxes and maintenance responsibilities. Even outside designated flood zones, evaluate drainage patterns and elevation relative to nearby waterways.

Properties in Richmond are zoned to different districts—primarily Fort Bend ISD and Lamar CISD. Both have seen rapid growth, and zoning lines may shift as new schools open. Verify the exact campus assignments by property address and review future district expansion plans. For families, proximity to desired schools and transportation times can outweigh other location factors, while for investors, being in a highly rated school zone can boost resale demand and rental appeal.

Richmond’s location along major thoroughfares like US-59 (I-69), Grand Parkway (99), and Westpark Tollway offers varied commuting options. However, travel times can differ sharply depending on proximity to these roads and traffic flow during peak hours. If commuting to Houston, Sugar Land, or the Energy Corridor, test drive routes at your expected departure times. Also consider access to shopping hubs like Brazos Town Center, as well as medical facilities within Fort Bend County.

Richmond is experiencing steady population growth, with ongoing commercial and residential development bringing new shopping centers, dining options, and recreation facilities. Master-planned communities often host farmers markets, concerts, and seasonal events, fostering a strong neighborhood identity. Downtown Richmond has a growing arts and cultural scene with historic preservation efforts. Research planned developments near your target area—future retail or road projects can either enhance convenience or alter the character of the community.

Richmond, TX Guide

Explore our comprehensive Richmond, TX neighborhood guide to find everything you need to know about this vibrant community. From local dining and shopping to schools and recreation, we've got you covered. Start your journey today and uncover what makes Richmond the perfect place to call home!