The housing market in Richland, IN is doing very well compared to the national average. The median value of a house in Richland is $144,200, which is significantly lower than the US House Median Value of $338,100. On top of that, it has seen a 16.17% appreciation rate over the last year, which is more than double the US 1 year House Appreciation rate of 8.27%. This demonstrates how quickly and robustly the housing market in Richland is growing, making it an attractive investment opportunity for potential buyers.
The median home cost in Richland is $144,200. Home appreciation the last 10 years has been 71.9%. Home Appreciation in Richland is up 16.1%.
Average Age of Homes
- The median age of Richland real estate is 64 years old
The Rental Market in Richland
- Renters make up 7.3% 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.