Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Richland area can be challenging. Home prices in Richland are now at a median cost of $125,902, lower than the Indiana average of $175,617.
The average cost of rent is $683/mo in Richland, primarily driven by the current value of real estate in the Richland area. While nearly 43.89% of residents own their homes outright in Richland, 13.71% rent.
Housing affordability isn’t just about home prices, though. The average household income in Richland is $4,720 per month. Households that rent pay about 14.47% of their income on rent here. Richland's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Bullocktown, IN: equally priced homes
- Hatfield, IN: equally priced homes
- Eureka, IN: higher priced homes
- Reo, IN: higher priced homes
- Red Bush, IN: higher priced homes
- Silverdale, IN: equally priced homes
- Patronville, IN: equally priced homes
- Yankeetown, IN: higher priced homes
- Rockport, IN: equally priced homes
- Newman, KY: higher priced homes
Cities with Similar Populations
- Rock Port, MO: less expensive homes
- Hope Hull, AL: higher priced homes
- Iron City, TN: equally priced homes
- Abbeville, MS: higher priced homes
- Kearny, AZ: equally priced homes
- Lafayette, OH: higher priced homes
- Lakeland, MN: higher priced homes
- Loysville, PA: higher priced homes
- Lynnville, TN: higher priced homes
- Middleborough, MA: higher priced homes
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