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Investment Properties for Sale in Richmond, Utah
Richmond is a small farming town in northern Cache Valley, tucked up against the Idaho border about 20 minutes north of Logan. For investors, that location does a lot of work: you get small-town pricing and lower property taxes than Salt Lake County, but you're still inside the commute shed for Utah State University, Logan Regional Hospital, the Pepperidge Farm bakery, and the dairies and cheese plants that anchor the local economy. The housing stock is a mix — turn-of-the-century brick homes on deep village lots, 1970s–90s ranchers, and newer builds on the south and west edges of town — which means investors can target everything from a low-basis fixer to a rent-ready single-family on a half acre.
The rental thesis in Richmond is steady, not flashy. Tenants here tend to stay put: USU faculty who want quiet, families tied to ag and food-processing jobs, and folks who specifically want acreage, a shop, or room for animals. Short-term rental demand is thin compared to Park City or Moab, so most local investors run long-term leases and underwrite for low vacancy rather than peak nightly rates. Winters are cold and snowy, summers are mild for Utah, and the Wellsville and Bear River ranges frame almost every property in town. Browse the active Richmond listings below to see which homes pencil out for your strategy, and reach out if you want help running numbers on a specific address.
June 2026 · Richmond market
Live from the Utah MLS — what's actually happening in Richmond right now.
Median sale
$427,000
3 closed in June 2026
Median DOM
396 days
listing → contract
Sale-to-list
97.9%
of final list price
Unsold inventory
9
active + pending
2 matching · page 1 of 1
Active listings
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Common questions
About investment properties in Richmond.
What kind of rental demand does Richmond actually have? ▾
Richmond sits about 15 minutes north of Logan, so the renter pool leans toward Utah State University staff, grad students who want a quieter commute, young families priced out of Logan proper, and ag workers tied to the dairies and Pepperidge Farm plant. Long-term rentals dominate — short-term vacation demand is minimal compared to Cache Valley's tourist towns.
Are short-term rentals (Airbnb) allowed in Richmond? ▾
Richmond City currently does not have a robust STR-friendly framework, and Cache County rules vary by zone. Most investors here run 12-month leases rather than nightly rentals. Always confirm the current ordinance with Richmond City offices before underwriting an STR strategy.
What price range should I expect for a rental-grade single-family home? ▾
Most rental-suitable single-family homes in Richmond trade in the $350K–$500K range, with older homes on larger lots sometimes coming in lower. Duplexes and small multi-family are rare on the MLS here — when they do list, they move quickly.
Do properties with acreage or outbuildings make sense as investments? ▾
They can. Richmond's ag character means horse properties, homes with shops, and parcels with irrigation rights rent at a premium to tenants who can't find that in Logan or Smithfield. Cash flow on a pure dollar basis is tighter, but vacancy tends to be very low and tenant tenure long.
How does Richmond compare to Logan or Smithfield for cash flow? ▾
Purchase prices in Richmond are typically a bit lower than Smithfield and noticeably lower than newer Logan neighborhoods, while rents track within roughly 10–15%. That math usually favors Richmond on gross yield, though the trade-off is a smaller tenant pool and slower turnover when a unit does go vacant.
What should I check before closing on an older home here? ▾
Many Richmond homes date to the early 1900s, so look closely at the foundation, knob-and-tube or aluminum wiring, sewer laterals, and whether the home is on culinary or shares irrigation. Water shares and ditch rights matter on larger lots and should be confirmed in writing during due diligence.