Richwood, TX is a great place to buy a house due to its relatively low median housing value in comparison to the US. The median value of homes in Richwood is $239,800, which is significantly lower than the nationwide median of $338,100. Furthermore, Richwood has seen stronger appreciation over the past year at 12.95% compared to the US average of 8.27%. This makes Richwood an attractive option for those looking for good value as well as potential growth in their housing investments.
The median home cost in Richwood is $239,800. Home appreciation the last 10 years has been 111.3%. Home Appreciation in Richwood is up 15.9%.
Average Age of Homes
- The median age of Richwood real estate is 29 years old
The Rental Market in Richwood
- Renters make up 32.9% of the Richwood population
- 8.8% of houses and apartments in Richwood, 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.