Multi-family Homes Foreclosure in Richmond, MI

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10 Gallup-st-Mount-clemens-MI-48043
Rent to Own
$123,000 List Price

2 Bed | 2 Bath

11 Clay-ct-Sterling-heights-MI-48313

3 Bed | 2 Bath | 1,440 Sq. Ft.

Displaying 1 - 2 of 2

Foreclosure Homes in Richmond, MI

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Richmond, MI area at Get information on foreclosure homes for rent, how to buy foreclosures in Richmond, MI and much more. Save thousands at closing with home foreclosure listings in Richmond, MI — up to 75% off market value!

Top Reasons To Live In Richmond, MI In 2023

Richmond is located in Macomb, Michigan, with an estimated municipal population of 5,849 residents. All of the best foreclosed homes for sale in Richmond are located in the following zip code areas on 48062. The estimated population per square kilometer (.62 miles) in Richmond is 781.

Cost Of Living In Richmond, MI

So, about how much do homes cost in Richmond? The most recent median value of resident-owned homes in Richmond is 183,077. An estimated 78.6 percent of households in Richmond own their homes, with an average family size of 3.26. The median household income in Richmond is 57,885, with27 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Richmond, the median commute time of resident workers (in minutes) is 26.7. And last, but certainly not least, are you looking for homes to rent in Richmond? If so, the average rent price paid by renters in Richmond is 682, according to recent statistics.

Diversity And Demographics In Richmond, Michigan

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Richmond, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Richmond is 37.8, split between 51.2 percent male versus 48.8 female. The percentage of residents who report being married in Richmond is 47.1, with an average family size of 3.26.

The percentage of residents who report their race in Richmond is as follows:

White 90.9%
Black / African American 1.6%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 4.2%
Multi-racial 2.7%
Other 0.6%

Looking for family-friendly neighborhoods in and/or near Richmond? Or maybe you are searching for 55+ active adult communities in and/or near Richmond?

The percentage of residents who report their age in Richmond is as follows:

Under 10 18%
Aged 10-19 9%
20s 11.9%
30s 13.2%
40s 9.4%
50s 12.7%
60s 12.8%
70s 8.1%
80+ 4.9%

Best Schools In Richmond, Michigan

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Richmond with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Richmond.

Pros And Cons Of Living In Richmond, Michigan

How do you know that living in -- or moving to -- Richmond is right where you need to be? Perhaps you grew up in Richmond or already live nearby; therefore, the decision to buy a home in Richmond is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Richmond for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Richmond:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Richmond.

Reasons To Move To Richmond, Michigan, In 2023

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Richmond can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Richmond, meanwhile, can field multiple offers from more qualified buyers.

Richmond, MI Multi-family Homes Foreclosures


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