Rental market snapshot for Richmond, Texas

Richmond, Texas Rental Property Market Overview

Richmond, Texas is a small city located in Fort Bend County with a population of 12,233 as of 2021, according to the US Census. The city is known for its historical sites, such as the George Ranch Historical Park, and its proximity to Houston. Richmond is home to a variety of businesses, restaurants, and parks, making it a great place to live and work.

The average rent for an apartment in Richmond is $1,835. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by -2.3% over the past year.

Last Updated January 31, 2023

Average monthly rent graph in Richmond Texas | Cost of Living

  • The most expensive ZIP Code in Richmond is 77469 with an average price of $1,735
  • The cheapest ZIP Code in Richmond is 77469 with an average price of $1,705

Richmond ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
177469$1,735

Live near Richmond, Texas's Top Sights and Attractions

George Park is a sprawling green space located in a small Texas town. It features a large lake, walking trails, a playground, and plenty of picnic areas. The park is also home to a variety of wildlife, including ducks, geese, and other birds. Visitors can also enjoy fishing, kayaking, and canoeing on the lake. In addition, the park has a pavilion, a gazebo, and a bandstand, making it a great spot for outdoor concerts and events.

The Fort Bend County William Travis Building is a historic courthouse located in Richmond, Texas. Built in 1883, the building is a two-story brick structure with a central clock tower and a mansard roof. The building is a popular tourist attraction, with its ornate interior and exterior features, including a grand staircase, stained glass windows, and a large courtroom. The building is also home to the Fort Bend County Historical Museum, which houses artifacts from the county's past.

Oakland Mills Dr Park is a beautiful park located in Richmond, Texas. It features a large lake with a fishing pier, a playground, picnic tables, and a walking trail. The park also has a pavilion, a basketball court, and a sand volleyball court. The park is surrounded by lush trees and is a great place to relax and enjoy nature.

The Westheimer Lakes Visitor Center is a great place to learn about the local area. It features interactive exhibits, a gift shop, and a theater. Visitors can explore the history of the area, learn about the local wildlife, and take part in educational programs. The center also offers a variety of outdoor activities, such as fishing, hiking, and bird watching. It is a great place to spend a day learning about the local culture and environment.

The George Foundation is a non-profit organization dedicated to preserving and promoting the history of Fort Bend County. It is located in a historic building that was once a cotton gin, and now houses a museum, library, and archives. Visitors can explore the museum's exhibits, which include artifacts from the early days of Fort Bend County, as well as photographs and documents. The library contains books, maps, and other materials related to the history of the area. The archives contain a wealth of information about the people and events that shaped the county. The George Foundation also hosts educational programs and special events throughout the year.

Big Oaks MUD is an outdoor recreational area located in Richmond, Texas. It features a variety of activities for visitors to enjoy, including fishing, kayaking, canoeing, and camping. There are also trails for hiking and biking, as well as picnic areas and playgrounds. The park is home to a variety of wildlife, including deer, birds, and other animals. Visitors can also enjoy the scenic views of the nearby Brazos River.

Jones Creek Ranch Park is a sprawling outdoor recreation area located in the heart of Texas. It features a variety of activities for visitors to enjoy, including camping, fishing, hiking, biking, and horseback riding. The park also has a lake, several ponds, and a creek, providing plenty of opportunities for swimming and boating. There are also picnic areas, playgrounds, and a nature center, making it a great spot for families to spend the day.

West Oaks Biking Trail is a scenic, 10-mile trail that winds through wooded areas and open fields. It is a popular spot for biking, running, and walking, and is also great for bird watching. The trail is well-maintained and offers plenty of rest stops along the way. It is a great way to get some exercise and enjoy the outdoors.

Fort Bend Museum is a historical attraction located in Richmond, Texas. It features a variety of exhibits that explore the history of the region, from its earliest settlers to its modern-day inhabitants. Visitors can explore the museum's galleries, which feature artifacts, photographs, and interactive displays that tell the story of the area's past. The museum also offers educational programs and special events throughout the year.

The Fort Bend County Museum Association is a historical attraction located in Richmond, Texas. It is a complex of five museums, including the George Ranch Historical Park, the Fort Bend Museum, the Rosenberg Railroad Museum, the John J. O'Connor House, and the Imperial Prison Farm Museum. Visitors can explore the history of Fort Bend County and the surrounding area through interactive exhibits, educational programs, and special events. The museum also features a variety of artifacts, photographs, and documents that tell the story of the county's past.

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Richmond, Texas area median rent change by ZIP Code map

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How does Richmond compare to other cities in Texas ?

citymedian price
Colleyville$5,000
Rhome$2,200
Arlington$2,035
Royse City$2,099
Saint Hedwig$1,849
Elrington$1,400
League City$1,970
Boerne$2,065
Lubbock$1,061
Farmers Branch$1,764

Average household income in Richmond area graph - US Census

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The median household income in Richmond in 2021 was $50,980. This represents a 21.3% change from 2011 when the median was $42,023.

#categorypercent
0Less than $10,0003.8%
1$10,000 to $14,9997.3%
2$15,000 to $19,9995.0%
3$20,000 to $24,99914.8%
4$25,000 to $29,9996.0%
5$30,000 to $34,9992.3%
6$35,000 to $39,9995.3%
7$40,000 to $44,9992.9%
8$45,000 to $49,9991.9%
9$50,000 to $59,99910.9%
10$60,000 to $74,99912.2%
11$75,000 to $99,9997.5%
12$100,000 to $124,9997.6%
13$125,000 to $149,9991.4%
14$150,000 to $199,9995.6%
15$200,000 or more5.6%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

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While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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