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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 $440,301, lower than the Washington average of $621,115.
The average cost of rent is $1,678/mo in Richland, primarily driven by the current value of real estate in the Richland area. In Richland, 35.73% of households rent, and 37.78% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Richland is $9,451 per month. Households that rent pay about 17.75% of their income on rent here. Richland’s most expensive areas are in the southern 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
- West Richland, WA: equally priced homes
- Pasco, WA: less expensive homes
- Kennewick, WA: equally priced homes
- Benton City, WA: equally priced homes
- Kiona, WA: higher priced homes
- Finley, WA: less expensive homes
- Burbank, WA: equally priced homes
- Eltopia, WA: equally priced homes
- Whitstran, WA: less expensive homes
- Wallula Junction, WA: less expensive homes
Cities with Similar Populations
- Brentwood, NY: higher priced homes
- Brentwood, TN: higher priced homes
- Bristol, CT: less expensive homes
- Chesterfield, VA: less expensive homes
- Coeur d'Alene, ID: higher priced homes
- Davenport, FL: less expensive homes
- Ithaca, NY: less expensive homes
- Irvington, NJ: less expensive homes
- Revere, MA: higher priced homes
- Petersburg, VA: less expensive homes
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