The housing market in Richland, OR is booming, with the median value of homes at $312,600. This is lower than the U.S. housing median of $338,100, however it has seen a larger appreciation rate over the past year at 12.74%, compared to 8.27% nationally. This could be due to an influx of new residents or investors seeking out real estate opportunities in Richland. It's definitely an exciting time for people living and working in this area and those looking to buy or sell a home should take advantage of the current market conditions.
The median home cost in Richland is $312,600. Home appreciation the last 10 years has been 105.4%. Home Appreciation in Richland is up 15.2%.
Average Age of Homes
- The median age of Richland real estate is 78 years old
The Rental Market in Richland
- Renters make up 25.5% 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.