Home Values

Richland County Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

None

  • None 1-year change
  • None 1-year forecast

The median list price per square foot in Richland County is $62, which is the same as the Mansfield Metro average of $62. The median price of homes currently listed in Richland County is $87,500 while the median price of homes that sold is $97,378. The median rent price in Richland County is $495, which is the same as the Mansfield Metro median of $495.

Foreclosures will be a factor impacting home values in the next several years. In Richland County 0.2 homes are foreclosed (per 10,000). This is lower than the national value of 3.9

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Richland County is 4.8%, which is lower than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Richland County homeowners underwater on their mortgage is 24.5%.

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Relative ZHVI
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Richland County Market Overview

Data through Feb 28, 2015
  • No data ZHVI
  • No data 1-yr forecast
  • $87,500 Median listing price
  • $97,378 Median sale price
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Richland County Market Health

Data through Feb 28, 2015
  • No recent data
  • No data Average days on Zillow
  • 24.5% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 4.8% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)
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Cities in Richland County

Name Median ZHVI
Bellville $114,200
Lucas $111,800
Lexington $111,300
Name Median ZHVI
Butler $108,200
Ontario $98,000
Shelby $79,500
Name Median ZHVI
Shiloh $79,300
Mansfield $57,400
 

Listings & Sales

Data through Feb 28, 2015
  • $62 Median list price / sq ft
  • $57 Median sale price / sq ft
  • 10.1% Listings with price cut
21.8%
Sold below listing
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Richland County Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $866 Richland County
    $866 Mansfield Metro
    $1,355 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $495 Rent list price
  • $0.59 Rent list price / sq ft
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