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These days, finding an affordable place to live in the Richardson area can be challenging. Home prices in Richardson are now at a median cost of $115,128, lower than the North Carolina average of $323,314.
The average cost of rent is $749/mo in Richardson, primarily driven by the current value of real estate in the Richardson area. In Richardson, 19.03% of households rent, and 65.41% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Richardson is $5,162 per month. Households that rent pay about 14.51% of their income on rent here. Richardson’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Bladenboro, NC: equally priced homes
- Butters, NC: higher priced homes
- Abbottsburg, NC: equally priced homes
- Dublin, NC: less expensive homes
- Evergreen, NC: higher priced homes
- Hestertown, NC: less expensive homes
- Wootens Crossroads, NC: higher priced homes
- Boardman, NC: higher priced homes
- Clarkton, NC: higher priced homes
- Elizabethtown, NC: higher priced homes
Cities with Similar Populations
- Leisure, MI: higher priced homes
- Whitt, TX: higher priced homes
- Wilburn, AR: higher priced homes
- Wilcox, MO: higher priced homes
- Wildflower, CA: higher priced homes
- Yeaddiss, KY: less expensive homes
- Yelvington, KY: higher priced homes
- Letcher, KY: less expensive homes
- Youngs, OH: less expensive homes
- Lemon Grove, FL: higher priced homes
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