What is the median home value in Richmond Township, IL?
The median value of owner-occupied homes in Richmond Township, IL is $378,100 (±$27,697), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.
In Richmond Township, the median home value went from $289,900 in 2015–2019 to $378,100 in 2020–2024 (+30.4%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median home value
- $378,100 (±$27,697)
- Owner-occupied homes
- 2,152 (±211)
- Most common range
- $300,000 to $499,999
Home values in Richmond Township
| Value | Richmond Township | McHenry County | Illinois | United States |
|---|---|---|---|---|
| Less than $50,000 | 0.6% (±0.7 points) | 2.8% | 5.4% | 5.3% |
| $50,000 to $99,999 | 3.4% (±2.2 points) | 1.3% | 8.3% | 6.1% |
| $100,000 to $149,999 | 3.1% (±1.6 points) | 4.4% | 9.7% | 6.8% |
| $150,000 to $199,999 | 5.4% (±2.2 points) | 10.4% | 11.8% | 9.0% |
| $200,000 to $299,999 | 15.5% (±4.0 points) | 29.0% | 22.3% | 17.8% |
| $300,000 to $499,999 | 55.7% (±7.2 points) | 42.2% | 27.7% | 26.9% |
| $500,000 to $999,999 | 15.5% (±4.9 points) | 9.2% | 12.1% | 20.9% |
| $1,000,000 or more | 0.9% (±1.1 points) | 0.8% | 2.7% | 7.1% |
The most common range is $300,000 to $499,999, 55.7% of owned homes.
Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.
Richmond Township against McHenry County, its state and the nation
| Richmond Township | McHenry County | Illinois | United States | |
|---|---|---|---|---|
| Median home value | $378,100 (±$27,697) | $308,100 (±$3,743) | $263,300 (±$797) | $332,700 |
| Owner-occupied homes | 2,152 (±211) | 97,259 (±1,207) | 3,378,910 (±14,728) | 84,210,142 |
In Richmond Township, the median home value is higher than in McHenry County ($308,100).
It is also higher than in Illinois ($263,300).
It is higher than the national figure ($332,700).
In McHenry County, Richmond Township ranks 11 of 46 places with a published estimate, from highest to lowest median home value.
Statewide, it ranks 142 of 2,652.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How home values in Richmond Township have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median home value | $289,900 (±$16,209) | $378,100 (±$27,697) | +30.4% | No measurable change after inflation |
| Median owner cost with a mortgage | $2,140 (±$241) | $2,465 (±$184) | +15.2% | No measurable change after inflation |
| Median real estate taxes | $7,161 (±$529) | $8,589 (±$371) | +19.9% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median home value in places near Richmond Township
| Place | Distance | Median home value | Compared with this place |
|---|---|---|---|
| Richmond Township | — | $378,100 (±$27,697) | — |
| Richmond | 0.9 mi | $238,600 (±$26,305) | Lower |
| Spring Grove | 2.9 mi | $398,400 (±$24,123) | Not measurably different |
| Genoa City | 3.7 mi | $241,300 (±$9,634) | Lower |
| Ringwood | 4.0 mi | $386,400 (±$28,362) | Not measurably different |
| Burton Township (McHenry County) | 4.1 mi | $358,400 (±$18,953) | Not measurably different |
| Twin Lakes | 4.8 mi | $270,700 (±$24,388) | Lower |
| Johnsburg | 5.6 mi | $328,300 (±$21,411) | Lower |
| Pistakee Highlands | 5.6 mi | $216,800 (±$13,706) | Lower |
Nearby places with a measurably lower figure: Richmond, IL ($238,600), Genoa City, WI ($241,300), Twin Lakes, WI ($270,700).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median home value across McHenry County, place by place
| Rank | Place | Median home value |
|---|---|---|
| 5 | Greenwood | $415,900 (±$65,358) |
| 6 | Seneca Township | $408,900 (±$55,681) |
| 7 | Spring Grove | $398,400 (±$24,123) |
| 8 | Coral Township | $392,700 (±$44,210) |
| 9 | Ringwood | $386,400 (±$28,362) |
| 10 | Port Barrington | $379,600 (±$13,974) |
| 11 | Richmond Township | $378,100 (±$27,697) |
| 12 | Riley Township | $365,700 (±$24,372) |
| 13 | Hartland Township | $364,000 (±$27,159) |
| 14 | Grafton Township | $361,800 (±$7,187) |
| 15 | Burton Township (McHenry County) | $358,400 (±$18,953) |
| 16 | Algonquin | $351,000 (±$9,239) |
| 17 | Huntley | $334,300 (±$12,058) |
Showing 13 of 46 places in McHenry County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Richmond Township
What is the average home value in Richmond Township, IL?
The Census Bureau publishes the median: $378,100 (±$27,697) for owner-occupied homes in Richmond Township (2020–2024 American Community Survey).
Have home values in Richmond Township gone up?
In Richmond Township, the median home value went from $289,900 in 2015–2019 to $378,100 in 2020–2024 (+30.4%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Is this what homes in Richmond Township sell for?
No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Richmond township, McHenry County, Illinois
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Richmond township, McHenry County, Illinois
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Richmond township, McHenry County, Illinois
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Richmond township, McHenry County, Illinois
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Richmond township, McHenry County, Illinois (county subdivision:63654, in state:17 county:111).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.
The API needs a free key.
DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Richmond Township at a glance
- Median rent in Richmond Township
- Rent by bedrooms in Richmond Township
- Rent burden in Richmond Township
- Renters and owners in Richmond Township
- Income and affordability in Richmond Township
- Homeowner costs in Richmond Township
- Property taxes in Richmond Township
- Types of homes in Richmond Township
- Bedrooms in Richmond Township
- Age of homes in Richmond Township
- Heating fuel in Richmond Township
- Commute and cars in Richmond Township
- Population growth in Richmond Township
- How long people stay in Richmond Township
- Crowding and facilities in Richmond Township
- Fair Market Rent in Richmond Township
- Illinois landlord and tenant rules
- Housing across McHenry County
- Illinois places ranked by median home value
- Housing data for every place in Illinois