The story of this market
The typical home in ZIP 64085 sells for about $243,000, or $158 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $733 a month.
ZIP 64085 — Richmond
The 64085 housing market shows steady, modest growth with a median price of $243,000. While inventory remains tight, the market is characterized by balanced activity and a lack of rapid appreciation compared to urban centers. Buyers should expect a stable environment with limited price volatility.
This ZIP is well-suited for families and local workers seeking affordable housing options and a small-town lifestyle within commuting distance of the Kansas City metro.
Median prices moved up 2.1% year over year.
Homes spend a median of 62 days on market with 4.2 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.7% · poverty 14.8% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 64085, Ray County MO
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in Richmond are generally lower than the national average, with property crime being the most frequently reported incident type.
The area is served by the Richmond R-XVI School District, which maintains a moderate academic standing within the region.
The region faces standard Midwestern risks, including severe thunderstorms and occasional tornado activity; flood risk is localized to areas near the Missouri River.
Economic momentum is driven by local manufacturing and agricultural support services, with steady but modest residential development.
Property taxes are assessed at the county level by the Ray County Assessor, with rates determined by local school district and municipal levies.
Commuters typically drive to the Kansas City metropolitan area, with travel times averaging 45-55 minutes via Highway 13 and Highway 210.
Local amenities include Richmond City Park, nearby golf courses, and access to outdoor activities along the Missouri River corridor.
The rental market is characterized by moderate vacancy pressure and a limited supply of modern multi-family units, with demand driven by local workforce needs.
The local economy is anchored by manufacturing, healthcare, and public sector employment, with strong ties to the broader Kansas City labor market.
Transportation is primarily automobile-dependent, with Highway 13 serving as the main arterial route for regional access.
Development is currently focused on small-scale residential expansion and infrastructure maintenance along major transit corridors.
The Ray County Assessor manages property valuations, with assessments typically updated on a biennial cycle.
Parcels are subject to school district levies, county taxes, and local municipal assessments.
Property insurance premiums are influenced by regional weather patterns, with standard coverage available for wind and hail damage.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Provides local green space, playgrounds, and community event facilities.
Highlights local history and regional heritage.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.