Zip 24641 (Richlands, VA) Housing

Richlands, VA is a small town located in Tazewell County with a population of just over 1,400 people. The median value of housing in Richlands is $102,200, significantly less than the national median value of homes at $338,100. Despite this lower median value however, housing prices in Richlands appreciated 13.65% last year–much more than the national average appreciation rate of 8.27%. Richlands is an affordable option for those looking to purchase a home and provides great opportunities for potential growth in home values over time.

The median home cost in Richlands (zip 24641) is $102,200. Home appreciation the last 10 years has been 57.2%. Home Appreciation in Richlands (zip 24641) is up 16.2%.

Average Age of Homes

- The median age of Richlands (zip 24641) real estate is 45 years old

The Rental Market in Richlands (zip 24641)

- Renters make up 30.1% of the Richlands (zip 24641) population
- 3.9% of houses and apartments in Richlands (zip 24641), 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	Richlands, Virginia	United States
	2,827.0	139,647,020.0
	55	42
	$102,200	$338,100
	16.2%	16.6%
	47.5%	57.0%
	57.2%	101.1%
	$8.07	$10.98
	$756	$2,690
	53.2%	57.4%
	18.0%	11.2%
	28.7%	31.4%
Vacant Housing
	3.9%	1.9%
	0.0%	0.4%
	0.7%	0.7%
	0.5%	0.4%
	0.8%	3.6%
	12.1%	4.1%
Value of Owner-Occupied Housing
	11.6%	2.6%
	4.5%	2.4%
	10.5%	2.8%
	13.6%	3.9%
	21.5%	4.5%
	17.5%	11.3%
	7.5%	13.0%
	9.6%	20.1%
	3.2%	13.6%
	0.3%	8.3%
	0.3%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	2.8%	13.6%
	2.8%	13.6%
	10.3%	13.6%
	6.5%	13.2%
	21.6%	14.8%
	10.3%	13.6%
	15.0%	10.0%
	10.0%	4.7%
	16.0%	12.2%

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