Richmond Texas City Guide

Richmond’s population was 11,679 in 2010, and the population in 2018 was slightly over 12,000. Between 2010-2018, this city’s population change was 3.5%. For reference, Richmond’s population density is 2,978.

The city’s population is about 50% female and 50% male. 33.6 is the median male age, and 33.4 is the median female age.

Richmond’s median age is 33.5, which is under both the state’s median and the U.S. median. Almost 29% of the population is less than 20 years old, and just under 12% are in their 20s. 20.6% of residents are in their 30s, and about 20% are between 40-59.

66.5% of Richmond residents are White, and 15.2% are Black or African American. 6.5% of the population is Asian, 2.6% is biracial or multiracial, and 8.6% of residents belong to other ethnic backgrounds.

English is the most common language spoken in Richmond, considering 52.2% of the population only speaks this language. At 40.6%, a sizable number of residents are fluent in Spanish. Another 6.5% of the population speaks an Indo-European language.

Richmond has a high population of foreign born residents, seeing as 23.4% of residents were born outside of the U.S. To compare, this is 6.4% over Texas’s average.

Richmond contains 22 elementaries, 6 middle schools, and 5 high schools. Richmond has a high school dropout rate of 32%, which is almost double the state’s dropout rate. Around 68% of Richmond residents over 25 years old have either a GED or a high school diploma.

15.7% of the adult population has attended some college courses, while 6.7% have an associate’s degree. 17% of residents have a bachelor’s degree, and 4.9% of residents have a graduate or professional degree. Meanwhile, 3.1% of residents have a doctorate degree.

90% of students living in Richmond are enrolled in public schools, and 10% are enrolled in private schools.

The estimated median value of a Richmond property is $167K, which is considered almost average for the United States as a whole. Richmond is a balanced market, seeing as buyers and sellers are about equal in number.

16.9% of properties in Richmond are worth under $58K, and another 12.7% of properties range between $58K-$116K. Another 25.8% of the city’s real estate ranges between $116K-$233K, and at 31.5%, a sizable amount of properties range between $233K-$349K.

From there, 11.1% of properties are worth even higher sums, specifically between $349K-$465K. Another 1.8% of properties vary between $465K-$581K, and less than 1% of other Richmond properties are worth between $581K-$872K.

Richmond’s real estate appreciation rates track as above average between January 2010 and January 2020. During this span of time, real estate in the city appreciated 39.12%. This divides into an annual average real estate appreciation rate of 3.36%.

Richmond’s housing options widely vary. At 54.6%, many properties in the city are owner-occupied, while 45.4% are rented. The vacancy rate is about 8.6%.

About 70% of residences in Richmond are single family detached homes, and another 25.5% of properties are apartment complexes. An estimated 5% of other housing options in the city are smaller apartment buildings, which indicates that there are little to no attached properties in Richmond.

Less than 1% of properties in the city were built in or before 1939, and 20.9% of housing options were constructed between 1940-1969. At 58.5%, the bulk of residences were built between 1970-1999, and 19.8% of residences were built in or after 2000.

Around 17.6% of Richmond properties have 1 bedroom layouts, while 25.5% have 2 bedroom layouts. Another 40.1% of residences have 3 bedrooms, while 11.8% of residences have 4 bedrooms. 5% of properties have 5 or more bedrooms.

Richmond’s per capita income is estimated to be $19,421, and the average resident salary is $41K per year. The city’s median household income is slightly over $37K.

3.7% of Richmond residents make below $15K annually, while almost 25% of residents earn $15K-$25K annually. 26.6% of the city’s population makes $25K-$35K, and 14.5% earns between $35K-$50K. Another 18.8% of residents make between $50K-$65K, while 6.1% earn $65K-$75K. 2.2% of the population makes $75K-$100K, and 3.7% earns over $100K each year.

Richmond’s overall poverty rate is 25.3%, and 3.4% of people in this area are unemployed.