The housing in Richland, IA is quite affordable compared to the national average. The current median value of a house in Richland sits at $128,200, significantly lower than the US house median value of $338,100. However, this doesn't mean that house values aren't appreciating in Richland - in fact, the one year house appreciation rate is 11.61%, higher than the national one year appreciation rate of 8.27%. This may be an indication of a strong housing market in Richland and could be worth looking into for potential homeowners.
The median home cost in Richland is $128,200. Home appreciation the last 10 years has been 63.9%. Home Appreciation in Richland is up 15.1%.
Average Age of Homes
- The median age of Richland real estate is 73 years old
The Rental Market in Richland
- Renters make up 17.4% of the Richland population
- 0.0% of houses and apartments in Richland, 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.