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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 $166,025, lower than the Kentucky average of $219,615.
The average cost of rent is $926/mo in Richland, primarily driven by the current value of real estate in the Richland area. In Richland, 28.69% of households rent, and 74.68% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Richland is $4,431 per month. Households that rent pay about 20.89% of their income on rent here. Richland’s most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Earlington, KY: less expensive homes
- Charleston, KY: less expensive homes
- Madisonville, KY: equally priced homes
- Rabbit Ridge, KY: less expensive homes
- Mortons Gap, KY: less expensive homes
- St. Charles, KY: less expensive homes
- Nebo, KY: less expensive homes
- Dawson Springs, KY: less expensive homes
- Grapevine, KY: higher priced homes
- Oak Hill, KY: less expensive homes
Cities with Similar Populations
- Rhodell, WV: less expensive homes
- Nixville, SC: less expensive homes
- Nod, MS: higher priced homes
- Nodaway, IA: less expensive homes
- Nolo, PA: equally priced homes
- Oak Forest, IN: higher priced homes
- Omar, NY: equally priced homes
- Omega, MS: less expensive homes
- Ramsey, AR: equally priced homes
- Rantowles, SC: higher priced homes
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