Richmond, ME
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Richmond short-term rental market based on reliable data.
Listings
9 / 32
Reliable / Active
Cap Rate
8%
Middle-Earners Gross Yield
Revenue
$25,561
Middle-Earners Revenue
Occupancy
61%
Middle-Earners Occupancy
Home Value
$312,143
Median Home Sale Price
Top Earners
$49,039
Top-Earners Revenue
Richmond
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Richmond.
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Generally Investor friendly
Richmond Regulations
STRs are allowed citywide with no local licensing or caps, but zoning compliance, building permits (if structural work), shoreland and environmental permits, lodging tax registration, and potential inspections create moderate burden and uncertainty. The lack of explicit rules for non‑owner‑occupied STRs and discretionary enforcement risk makes it investor‑friendly yet not fully open. The state lodging‑tax regime and state land‑use codes (shoreland, subdivisions, plumbing) are the main drivers.
Local STR Agent
STR specialist · Richmond, ME
About Richmond
Richmond is a town in Sagadahoc County, Maine, United States. The population was 3,522 at the 2020 census. It is part of the Portland–South Portland–Biddeford, Maine metropolitan statistical area, situated at the head of Merrymeeting Bay. Richmond is located adjacent to the 2,019 acre state-owned and managed Steve Powell Wildlife Management Area on Swan Island, a wildlife sanctuary and tourist area listed on the National Register of Historic Places. Swan Island is a major wildlife tourist attraction for the town, especially during the summer.Richmond is also known for its collection of Greek Revival homes, unique for the area.