Home Price Key
Affordable
Average
Expensive
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 $332,751, higher than the Texas average of $235,268.
The average cost of rent is $1,619/mo in Richardson, primarily driven by the current value of real estate in the Richardson area. While nearly 44.03% of residents own their homes outright in Richardson, 42.11% rent.
Housing affordability isn’t just about home prices, though. The average household income in Richardson is $7,750 per month. Households that rent pay about 20.89% of their income on rent here. Richardson's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Plano, TX: higher priced homes
- Garland, TX: less expensive homes
- Addison, TX: equally priced homes
- Murphy, TX: higher priced homes
- Sachse, TX: equally priced homes
- Parker, TX: higher priced homes
- University Park, TX: higher priced homes
- Farmers Branch, TX: equally priced homes
- Carrollton, TX: less expensive homes
- Wylie, TX: less expensive homes
Cities with Similar Populations
- Monroe, LA: less expensive homes
- Milwaukee, WI: less expensive homes
- Mooresville, NC: higher priced homes
- Midlothian, VA: higher priced homes
- Montgomery, AL: less expensive homes
- Minneapolis, MN: equally priced homes
- Missouri City, TX: equally priced homes
- Morgantown, WV: less expensive homes
- Missoula, MT: equally priced homes
- Miramar, FL: higher priced homes
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