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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 $113,820, lower than the Missouri average of $246,641.
The average cost of rent is $828/mo in Richland, primarily driven by the current value of real estate in the Richland area. In Richland, 21.69% of households rent, and 51.09% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Richland is $3,831 per month. Households that rent pay about 21.60% of their income on rent here. Richland’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Ozark Springs, MO: higher priced homes
- Hillhouse Addition, MO: equally priced homes
- Stillhouse Springs, MO: higher priced homes
- Hazelgreen, MO: higher priced homes
- Stoutland, MO: equally priced homes
- Laquey, MO: higher priced homes
- Wet Glaize, MO: higher priced homes
- Crocker, MO: higher priced homes
- Shady Grove, MO: higher priced homes
- Waynesville, MO: higher priced homes
Cities with Similar Populations
- Brackenridge, PA: equally priced homes
- Greentown, PA: higher priced homes
- Good Hope, AL: higher priced homes
- Rock Tavern, NY: higher priced homes
- Frankston, TX: higher priced homes
- Eden, GA: higher priced homes
- Deep Run, NC: equally priced homes
- Cold Spring Harbor, NY: higher priced homes
- Greenleaf, WI: higher priced homes
- Spry, PA: higher priced homes
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