The housing in Richardson, TX is very expensive with a median value of $410,400 compared to the US House Median Value of $338,100. The 1 year house appreciation in Richardson, TX is also higher at 15.66% than the US House Appreciation rate of 8.27%. This shows that there is a high demand for houses in this area and that they are increasing in value more rapidly than the national average. It is clear that if you are looking for an investment property, Richardson should be on your radar!
The median home cost in Richardson is $410,400. Home appreciation the last 10 years has been 159.8%. Home Appreciation in Richardson is up 23.4%.
Average Age of Homes
- The median age of Richardson real estate is 38 years old
The Rental Market in Richardson
- Renters make up 37.4% of the Richardson population
- 3.2% of houses and apartments in Richardson, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.