House Prices

House Prices & Home Values Richmond, IL 2026


Average Data

average house price$303,930
average size per house2048 ft²
average price per ft²149 $ / ft²

04/17/2026 - The value range (VR) for house prices in Richmond, IL is $146/ sqft to $146/ sqft. An average home with 2048 sqft costs approximately $299,008 to $299,008. Richmond, IL includes 1 ZIP codes and it is located in McHenry county. The lowest prices are found in ZIP 60071, while the highest are in ZIP 60071. The average price per sqare feet is $149. Our analysis is based on 15 property listings.

Avergage prices by ZIP codes Richmond

60071142 $ / ft²




Historical development of home values in Richmond

Year Estimated value (USD) Change vs. 2025
2010 $141,151 -53.6%
2011 $135,692 -55.4%
2012 $135,327 -55.5%
2013 $140,385 -53.8%
2014 $147,366 -51.5%
2015 $154,929 -49.0%
2016 $163,014 -46.4%
2017 $171,813 -43.5%
2018 $181,312 -40.3%
2019 $189,719 -37.6%
2020 $199,526 -34.4%
2021 $226,940 -25.3%
2022 $264,561 -13.0%
2023 $278,991 -8.2%
2024 $295,131 -2.9%
2025 $303,930 0.0%

Graph: estimated home values in Richmond over time (USD)



Example: 100% financing house in Richmond

Loan amount: $303,930

Interest rate: 6.00%

Fixed monthly payment: $1,822.21

Breakdown in the 1st month:
Interest portion: $1,519.65  –  Principal portion: $302.56

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $18,134.27 $3,732.30 $300,197.70
2 $17,904.07 $3,962.50 $296,235.21
3 $17,659.67 $4,206.89 $292,028.31
4 $17,400.20 $4,466.37 $287,561.95
5 $17,124.73 $4,741.84 $282,820.11
6 $16,832.26 $5,034.31 $277,785.80
7 $16,521.75 $5,344.81 $272,440.99
8 $16,192.10 $5,674.47 $266,766.52
9 $15,842.11 $6,024.46 $260,742.06
10 $15,470.53 $6,396.03 $254,346.02
11 $15,076.04 $6,790.53 $247,555.50
12 $14,657.21 $7,209.35 $240,346.14
13 $14,212.56 $7,654.01 $232,692.14
14 $13,740.48 $8,126.09 $224,566.04
15 $13,239.28 $8,627.29 $215,938.75
16 $12,707.16 $9,159.40 $206,779.35
17 $12,142.23 $9,724.34 $197,055.01
18 $11,542.46 $10,324.11 $186,730.90
19 $10,905.69 $10,960.88 $175,770.02
20 $10,229.64 $11,636.92 $164,133.10
21 $9,511.90 $12,354.66 $151,778.44
22 $8,749.90 $13,116.67 $138,661.77
23 $7,940.89 $13,925.68 $124,736.09
24 $7,081.98 $14,784.58 $109,951.50
25 $6,170.10 $15,696.47 $94,255.04
26 $5,201.98 $16,664.59 $77,590.45
27 $4,174.14 $17,692.42 $59,898.02
28 $3,082.91 $18,783.65 $41,114.37
29 $1,924.38 $19,942.19 $21,172.18
30 $694.39 $21,172.18 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Richmond, IL


1500 sqft3900 sqft
Ø selling price$270,436$575,289
Ø fast selling$245,851$517,761
Ø high price sale$295,020$632,818

In 2026, houses in Richmond, IL will be offered at an average price of $149 per square foot. A 1,500 sqft home priced at $270,436 is 22.36% more expensive per square foot than a 3,900 sqft home priced at $575,289. Home prices in Richmond, IL vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $398,278. Sellers who can wait longer may achieve a higher price of up to $486,784.

FAQ – Home Values in Richmond

What is the median home value in Richmond in 2026?

In 2026, the typical home value in Richmond is about $303,930 for an average home size of 2048 square feet. This corresponds to an average price of roughly $149 per square foot.

What is the average cost per square foot in Richmond?

In 2026, homes in Richmond sell for an average of around $149 per square foot, with a typical range between $146 and $146 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Richmond is about 2048 square feet, with an estimated 2026 value around $303,930.



Locations close to Richmond, IL

Ringwood, IL166 $ / ft²
Round Lake, IL94 $ / ft²
Palatine, IL156 $ / ft²
Prospect Heights, IL197 $ / ft²
Lincolnshire, IL181 $ / ft²
Park Ridge, IL208 $ / ft²
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