The median value of housing in Richland, SD is quite high compared to the national average, with it standing at $257,300. Not only is the house median value higher than the national average, but the 1 year house appreciation rate in Richland is also much higher, coming in at 12.74%, compared to 8.27% nationally. This suggests that Richland has an incredibly strong housing market and there are likely to be more opportunities for growth and investment in this area.
The median home cost in Richland is $257,300. Home appreciation the last 10 years has been 95.0%. Home Appreciation in Richland is up 18.1%.
Average Age of Homes
- The median age of Richland real estate is 75 years old
The Rental Market in Richland
- Renters make up 13.9% 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.