Richland Home Prices & Values

No data Zillow Home Value Index

  • No data1-year change
  • No data 1-year forecast

The median list price per square foot in Richland is $130, which is higher than the Kennewick Metro average of $121. The median price of homes currently listed in Richland is $267,900 while the median price of homes that sold is $182,205. The median rent price in Richland is $999, which is lower than the Kennewick Metro median of $1,025.

Foreclosures will be a factor impacting home values in the next several years. In Richland 0.4 homes are foreclosed (per 10,000). This is lower than the national value of 4.3

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 is 2.5%, which is lower than the national value of 7.2%. 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 homeowners underwater on their mortgage is 10.9%.

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Relative ZHVI
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Richland Market Overview

Data through Jun 30, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $267,900 Median listing price
  • $182,205 Median sale price
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Richland Market Health

Data through Jun 30, 2014
  • No recent data
  • No data Average of days on Zillow
  • 10.9% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 2.5% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Burbank $214,500 Hermiston $160,200 Pasco $158,400
Stanfield $127,400 Mattawa $126,300 Grandview $124,700
Umatilla $123,300 Connell $121,800 Mesa $120,300

Listings & Sales

Data through Jun 30, 2014
  • $130 Median list price / sq ft
  • $118 Median sale price / sq ft
  • 27.5% Listings with price cut
12.0%
Sold below listing
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Richland Rentals

Data through Jun 30, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,368 Richland
$1,226 Kennewick Metro
$1,310 United States
  • 3.0 Breakeven horizon What's This?  
    Close

    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $999 Rent list price
  • $0.81 Rent list price / sq ft
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