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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 $208,365, lower than the South Dakota average of $268,202.
The average cost of rent is $1,009/mo in Richland, primarily driven by the current value of real estate in the Richland area. In Richland, 2.81% of households rent, and 37.15% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Richland is $12,091 per month. Households that rent pay about 8.35% of their income on rent here. Richland’s most expensive areas are in the northern 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
- Akron, IA: less expensive homes
- Akron, SD: higher priced homes
- Westfield, IA: higher priced homes
- Junction City, SD: equally priced homes
- Spink, SD: higher priced homes
- Elk Point, SD: higher priced homes
- Nora, SD: higher priced homes
- Burbank, SD: higher priced homes
- Chatsworth, IA: equally priced homes
- Ruble, IA: equally priced homes
Cities with Similar Populations
- Otselic, NY: less expensive homes
- Riverton, AL: less expensive homes
- Rio Blanco, CO: higher priced homes
- Patricia, SD: less expensive homes
- Paschall, NC: less expensive homes
- Paint Bank, VA: less expensive homes
- Painesville on the Lake, OH: less expensive homes
- Otter, MT: equally priced homes
- Otter Lake, NY: higher priced homes
- Roby, IL: equally priced homes
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