The housing market in Richland, MS is on the rise. According to recent data, the median value of houses in Richland is $193,500, which is significantly lower than the US median house value of $338,100. However, the one year appreciation rate for houses in Richland is 7.64%, which is slightly lower than the national average of 8.27%. This indicates that overall house values are increasing in Richland and could provide a great opportunity for potential homeowners and real estate investors alike.
The median home cost in Richland is $193,500. Home appreciation the last 10 years has been 33.0%. Home Appreciation in Richland is up 5.6%.
Average Age of Homes
- The median age of Richland real estate is 24 years old
The Rental Market in Richland
- Renters make up 35.1% of the Richland population
- 0.8% 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.