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

$88,300

  • 4.7% 1-year change
  • 2.4% 1-year forecast

The median home value in Richland County is $88,300. Richland County home values have gone up 4.7% over the past year and Zillow predicts they will rise 2.4% within the next year. The median list price per square foot in Richland County is None. 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 3.5

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 5.5%, which is lower than the national value of 6.0%. 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 22.4%.

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Relative ZHVI
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Richland County Market Overview

Data through May 31, 2015
  • $88,300 ZHVI
  • 2.4% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (May 31, 2016)
  • No data Median listing price
  • $86,596 Median sale price (Apr 30, 2015)
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Richland County Market Health

Data through May 31, 2015
  • No recent data
  • No data Average days on Zillow
  • 22.4% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 5.5% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)
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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 Apr 30, 2015
  • No recent data Median list price / sq ft
  • $63 Median sale price / sq ft
  • No data Listings with price cut
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Richland County Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $904 Richland County
    $904 Mansfield Metro
    $1,367 United States

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

  • 1.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $495 Rent list price
  • $0.58 Rent list price / sq ft
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