HomeMichiganMacomb CountyRichmond city
Richmond city, Michigan: commercial real estate data.
Richmond city is a Census city of 5,855 people across 2.89 square miles of land, lying across Macomb County and St. Clair County. Median household income is $64,719, 76.6 percent of occupied homes are owned, and the SBA record carries 18 7(a) approvals to borrowers here worth $3.4 m.
80 sourced place values · tier FULL · 9 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Richmond
What Richmond is
- Census place typecity
- Land area2.89 sq mi
- Water area0.03 sq mi
- Population per square mile of land2,026
- County holding the largest share of its areaMacomb County, 91.5 percent
- Counties this place lies inMacomb County 91.5 percent, St. Clair County 8.5 percent
Richmond city crosses a county line. The split above is measured from the Census boundary of the place against the county boundaries, by area, so it says where the ground is and not where the town hall is.
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Richmond
How many people live in Richmond
- Population5,855
- Median age39.7
- Population under 181,334 plus or minus 289
- Share under 1822.8 percent plus or minus 4.9
- Population 65 and over1,001 plus or minus 216
- Share 65 and over17.1 percent plus or minus 3.7
- Households2,456
- Family households1,505
- Share of households that are families61.3 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Richmond
Income and work in Richmond
- Median household income$64,719
- Per capita income$34,492
- Civilian labor force2,839
- Employed2,512
- Unemployed327 plus or minus 281
- Unemployment rate11.5 percent plus or minus 9.8
- Adults 25 and over4,211
- Adults 25 and over with a high school diploma or higher89.3 percent
- Adults 25 and over with a bachelor degree or higher25.1 percent plus or minus 6.8
- Adults 25 and over with a graduate degree10.1 percent plus or minus 4.8
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Richmond
Housing in Richmond
- Housing units2,514
- Occupied units2,456
- Vacant units58 plus or minus 89
- Vacancy rate2.3 percent plus or minus 3.5
- Owner occupied1,881
- Renter occupied575 plus or minus 285
- Ownership rate76.6 percent
- Median owner-occupied home value$237,700
- Median gross rent, monthly$864
- Annual rent as a share of median income16.0 percent
- Single family units1,939
- Share single family77.1 percent
- Units in buildings of two or more561 plus or minus 305
- Share in buildings of two or more22.3 percent plus or minus 11.9
- Mobile homes14 plus or minus 23
- Median year structure built1980
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Richmond
How Richmond gets to work
- Workers 16 and over who commute2,316
- Commuting under 15 minutes794 plus or minus 295
- Share commuting under 15 minutes34.3 percent plus or minus 11.5
- Commuting 30 minutes or more1,051 plus or minus 329
- Share commuting 30 minutes or more45.4 percent plus or minus 12.2
- Drove alone81.5 percent
- Carpooled8.5 percent plus or minus 5.2
- Public transport0.4 percent plus or minus 0.8
- Walked0.0 percent
- Worked from home6.3 percent plus or minus 3.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Richmond
SBA loans in Richmond (7(a))
- Approvals18
- Gross approval$3,417,200
- Average approval$189,844
- Median approval$150,000
- Ninetieth percentile approval$650,000
- Largest approval$699,000
- Jobs supported129
- Jobs per approval7.2
- Loans with a final outcome3
- Paid in full3
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more22.2 percent
- Share to franchises22.2 percent
- Distinct lenders6
- Distinct industries by NAICS12
A charge-off rate is not published here. only 3 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Richmond
SBA loans in Richmond (504)
- Approvals3
- Gross approval$2,507,000
- Average approval$835,667
- Median approval$288,000
- Largest approval$2,109,000
- Jobs supported20
- Loans with a final outcome1
- Charged off0
- Median term240 months
- Distinct CDCs1
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Richmond
Flood risk in Richmond
- Listed NFIP communities3
- Of those, participating2
- NFIP community number261025
This community carries no Community Rating System class, so no CRS premium discount applies to it.
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Macomb County, not Richmond
Macomb County context, not Richmond figures
These are Macomb County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Richmond measurements.
- Establishments in Macomb County19,593
- Employment at those establishments, Macomb County328,741
- Covered employment, Macomb County336,295
- Average annual pay, Macomb County$71,046
- Average weekly wage, Macomb County$1,366
- Housing units permitted, Macomb County1,317
- Of those, single family, Macomb County1,080
- County product, 2024, Macomb County$54,177,053,000
- County product change over the prior year, Macomb County3.5 percent
- Average income of an arriving household, Macomb County$54,393
Every figure in this section is published for Macomb County as a whole and is not a measurement of Richmond. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Richmond questions, answered from the record.
How many people live in Richmond, Michigan?
5,855, in 2,456 households. Richmond city covers 2.89 square miles of land, which is 2,026 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Richmond in?
Richmond lies in more than one. By area it is 91.5 percent in Macomb County, 8.5 percent in St. Clair County. This page sits under Macomb County because that county holds the largest share. The split is measured from the Census boundary of the place against the county boundaries.
What is the median household income in Richmond?
$64,719. The median owner-occupied home is valued at $237,700. Median gross rent is $864 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Richmond businesses?
18 7(a) approvals totalling $3.4 m, across 6 lenders, median approval $150,000, plus 3 504 approvals worth $2.5 m. These count approvals to borrowers whose address is in Richmond, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Richmond borrowers get paid back?
No rate is published for Richmond. only 3 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Is Richmond in the National Flood Insurance Program?
Yes. Richmond appears in the FEMA Community Status Book as community 261025, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Richmond figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Macomb County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Richmond.
Is zoning published for Richmond?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.