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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 $261,126, lower than the Tennessee average of $315,131.
The average cost of rent is $924/mo in Richland, primarily driven by the current value of real estate in the Richland area. In Richland, 18.56% of households rent, and 54.50% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Richland is $5,313 per month. Households that rent pay about 17.39% of their income on rent here. Richland’s most expensive areas are in the western regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Blaine, TN: higher priced homes
- Perrin Hollow, TN: less expensive homes
- Friends Station, TN: less expensive homes
- Mascot, TN: less expensive homes
- Mill Spring, TN: less expensive homes
- Strawberry Plains, TN: less expensive homes
- New Market, TN: less expensive homes
- Powder Springs, TN: less expensive homes
- Plainview, TN: less expensive homes
- Luttrell, TN: less expensive homes
Cities with Similar Populations
- Old Glory, TX: less expensive homes
- Roseburg, IN: less expensive homes
- Rose, KS: less expensive homes
- Rose Bay, NC: less expensive homes
- Roscoe, KY: less expensive homes
- Roper, KS: less expensive homes
- Romine, KY: less expensive homes
- Riverview, TN: less expensive homes
- Oldtown, IL: less expensive homes
- Rosefield, LA: less expensive homes
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