Real Estate Market Update for 77469 (Richmond, TX)

Video: Real Estate Community Tour for 77469 (Richmond, TX)

See Real estate community tour for 77469 (Richmond, TX)
Welcome to December's Market Update. Let’s take a look at residential real-estate activity in your area during the month of November. The number of active listings was up 11% from one year earlier, and down 5% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just under 290-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 14%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 220-thousand dollars. The number of units sold increased 5% year-over-year, and increased 2% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 77469 (Richmond, TX)
Area Information for 77469 (Richmond, TX)
  • Population: 48,011
  • Median Age: 33.46 yr
  • Median Commute Time: 30 mins
  • Educational Climate*: 3
  • Sales Tax: 6%
  • Population Density: 367/sq mi
  • Population Change Since 2000: 130.43%
  • Closest Airport: William P Hobby
  • Closest College: Houston Baptist University
  • Closest Jr. College: Remington College-houston
  • Median Household Income: $72,932
  • Annual Residential Turnover: 15%
  • Median Home Sales Price: $175,293
  • Closest Major Sports Team: Houston Texans
  • Change Avg. Household Income Since 2000: 49.31%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 77469 (Richmond, TX)
Median Age: 33.46 Married: 39% Number of Households: 15,257 Households with Children: 5,733
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 77469 (Richmond, TX)

      School Name Distance Type Grades School Rating Parent Rating
      John Arredondo Elementary School 0.6 mi Public PRESCHOOL-5 0 0
      Reading J High School 1.1 mi Public 7-8 5 0
      George Ranch High School 1.1 mi Public 9-12 4 4
      Polly Ryon Middle School 1.7 mi Public 6-6 0 0
      William Velasquez 3.6 mi Public PRESCHOOL-5 4 0
      Cora Thomas Elementary School 3.7 mi Public PRESCHOOL-5 2 0
      Manford Williams Elementary School 4.1 mi Public PRESCHOOL-5 4 0
      Kids R Kids No 23 - Richmond 4.3 mi Private PRESCHOOL-6 0 0
      Irma Dru Hutchison Elementary School 4.8 mi Public PRESCHOOL-5 4 0
      Smith Elementary School 6.6 mi Public K-5 1 0
      Juvenile Detent Ctr 6.8 mi Public 6-12 0 0
      Meyer Elementary School 7.1 mi Public PRESCHOOL-5 3 0
      Depelchin-richmond 7.5 mi Public K-6 0 0
      Calvary Episcopal School 7.5 mi Private PRESCHOOL-12 0 0
      Jane Long Elementary School 7.6 mi Public K-5 4 0
      Juan Seguin Early Childhood Center 8.2 mi Public PRESCHOOL-PRESCHOOL 0 0
      T L Pink Elementary School 8.4 mi Public K-5 2 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 77469 (Richmond, TX)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.