The median home value in Richmond is $200,035.00 while the average home value in Richmond is $230,682.00. Generally if the median is higher than the average it means that the distribution of housing cost in Richmond is skewed to the left which implies that there are more homes that cost less than the median then there are homes that cost more than the median. If the median is lower than the average then it means that that the distribution is skewed to the right so there are more homes in Richmond that cost more than the median than there are homes that cost less.
|Median home value||$200,035.00|
|Average home value||$230,682.00|