Town in Walworth County, Wisconsin. Data-backed housing guide by Kinan Sawar, MD — REALTOR® at Shorewest, REALTORS®. Figures as of 2026-07-03.
| Typical home value | $446,069 |
|---|---|
| 1-year change | +4.7% |
| 5-year change | +35.9% |
| Typical rent | not published |
The typical home in Richmond, Wisconsin is worth about $446,069 as of 2026-07-03, up 4.7% over the past year and up 35.9% over five years. Source: Zillow Home Value Index, compiled by Sawar Homes.
If you want to know what a typical Walworth County home costs, look at Richmond. The town's typical value — $446,069 as of April 30, 2026 — matches the county median to the dollar, and its rank of 11 of 21 municipalities puts it at the county's midpoint.
The growth numbers are substantial: 4.7% over the past year and 35.9% over five. That five-year figure implies a home typically valued around $328,000 in 2021 carries a typical value near $446,000 today.
Richmond sits about $9,800 below the seven-county Southeast Wisconsin regional median of $455,834 — county-typical pricing, slightly under the broader regional market.
Richmond's neighbors bracket it tightly. Lyons is just below at $441,906. Lake Geneva city is lower at $419,961, while Lafayette ($470,702) and East Troy village ($478,027) run roughly $25,000 to $32,000 higher. Richmond, at $446,069, is the fulcrum — literally the median municipality in a 21-municipality county.
Five-year appreciation of 35.9% is the deeper story. That works out to roughly 6.3% per year compounded, so the most recent year's 4.7% represents a moderation in pace, not a reversal in direction. As always, past appreciation is not a forecast.
| Homes sold (arms-length, single-family) | 38 |
|---|---|
| Median sale price | $340,000 |
| Middle 50% of sales | $226,250 to $574,000 |
| Government-backed financing (FHA/VA/USDA) | 0% |
| Seller-financed | 2.6% |
Over the 12 months ending June 2026, 38 single-family homes sold in Richmond, Wisconsin in arms-length transactions, at a median price of $340,000. Half of those sales fell between $226,250 and $574,000. Source: Wisconsin Department of Revenue real estate transfer returns, compiled by Sawar Homes — every recorded sale, including for-sale-by-owner and builder-direct transactions that never appear in the MLS.
Zillow’s typical-home-value estimate for Richmond is $446,069, while homes that actually changed hands had a median price of $340,000 — a difference of -23.8%. These measure different things, and neither is wrong: the index estimates the value of every home whether or not it sold, while the sale figure reflects only the homes that changed hands, which usually skew toward the more affordable end of the market.
Buyers in Richmond are effectively buying the Walworth County median. That makes cross-shopping straightforward: a typical home in Lake Geneva city runs about $26,000 less, while East Troy village runs about $32,000 more. A budget near $446,000 puts you at the center of the county's price distribution rather than at its extremes.
Sellers hold a market that has gained 35.9% in five years, though the past year's 4.7% pace suggests pricing discipline matters more now than during the steepest part of the run-up. Because Richmond tracks the county median exactly, recent county-wide sale data is unusually relevant here. No pricing strategy guarantees a particular result; the data supports anchoring to recent closings, not to peak asking prices.
Richmond is rolling farm country in the county's northwest, with Lake Lorraine as its main water feature and Richmond Community Park on West Lake Lorraine Road offering a playground, ball diamond and picnic shelter. The town sits midway between Whitewater, Elkhorn and Delavan, and the Kettle Moraine State Forest's Southern Unit and Whitewater Lake lie just beyond the northern town line.
The typical home value is $446,069 as of April 30, 2026 — identical to the Walworth County median.
4.7% over the past year and 35.9% over the past five years, through April 2026. Past increases do not guarantee future gains.
By typical value, yes. The town of Richmond's $446,069 is about $26,000 above Lake Geneva city's $419,961.
It runs about $9,800 below the seven-county regional median of $455,834, while sitting exactly at the Walworth County median.
All Southeast Wisconsin area guides
Kinan Sawar, MD — REALTOR® at Shorewest, REALTORS®, serving Milwaukee and Southeast Wisconsin (Milwaukee, Waukesha, Ozaukee, Washington, Racine, Kenosha, and Walworth counties). Email: [email protected] · Phone: (618) 713-2964.
How to choose a real estate agent in Richmond and Milwaukee — a five-question checklist
Get a free Richmond home valuation · Contact Kinan Sawar
Home values and rents are Zillow ZHVI/ZORI estimates for the named area, as of 2026-07-03; incomes and population are U.S. Census (SAIPE, Population Estimates); migration is IRS Statistics of Income. Area-level statistical estimates for information only — not an appraisal, and not financial, legal, or tax advice.