
Affordable
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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 $867,200, higher than the Washington average of $621,115.
The average cost of rent is $1,180/mo in Richardson, primarily driven by the current value of real estate in the Richardson area. In Richardson, 27.23% of households rent, and 73.27% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Richardson is $5,145 per month. Households that rent pay about 22.93% of their income on rent here. Richardson’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lopez Island, WA: less expensive homes
- Lopez, WA: less expensive homes
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- Dewey, WA: less expensive homes
- Friday Harbor, WA: equally priced homes
- Anacortes, WA: less expensive homes
- Orcas, WA: equally priced homes
Cities with Similar Populations
- Nicut, WV: less expensive homes
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- North Bush, NY: less expensive homes
- Noodle, TX: less expensive homes
- Nirvana, MI: less expensive homes
- Ringo, KS: less expensive homes
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