Zip 76118 (Richland Hills, TX) Housing

The housing market in 76118 Richland Hills, TX is thriving. The median value of housing in this area is $304,300, which is significantly lower than the US house median value of $338,100. However, what really sets this area apart from the rest of the country is its 1-year house appreciation rate of 15.58%, which far surpasses the national average of 8.27%. This makes Richland Hills a great investment opportunity for potential homebuyers and investors alike.

The median home cost in Richland Hills (zip 76118) is $304,300. Home appreciation the last 10 years has been 154.4%. Home Appreciation in Richland Hills (zip 76118) is up 22.1%.

Average Age of Homes

- The median age of Richland Hills (zip 76118) real estate is 39 years old

The Rental Market in Richland Hills (zip 76118)

- Renters make up 24.6% of the Richland Hills (zip 76118) population
- 6.9% of houses and apartments in Richland Hills (zip 76118), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Richland Hills, Texas	United States
	6,327.0	139,647,020.0
	43	42
	$304,300	$338,100
	22.1%	16.6%
	71.6%	57.0%
	154.4%	101.1%
	$18.70	$10.98
	$4,060	$2,690
	64.3%	57.4%
	9.3%	11.2%
	26.5%	31.4%
Vacant Housing
	6.9%	1.9%
	0.0%	0.4%
	0.5%	0.7%
	1.7%	0.4%
	0.0%	3.6%
	0.2%	4.1%
Value of Owner-Occupied Housing
	0.8%	2.6%
	0.3%	2.4%
	0.5%	2.8%
	2.3%	3.9%
	4.6%	4.5%
	10.7%	11.3%
	22.8%	13.0%
	42.8%	20.1%
	10.7%	13.6%
	3.4%	8.3%
	0.7%	9.7%
	0.2%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	13.5%	13.6%
	13.5%	13.6%
	13.4%	13.6%
	12.8%	13.2%
	9.2%	14.8%
	13.4%	13.6%
	28.6%	10.0%
	1.6%	4.7%
	0.2%	12.2%

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