Home Values

Richland 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

$232,100

  • 18.8% 1-year change
  • 10.1% 1-year forecast

The median home value in Richland is $232,100. Richland home values have gone up 18.8% over the past year and Zillow predicts they will rise 10.1% within the next year. The median list price per square foot in Richland is $135, which is higher than the Kennewick Metro average of $122. The median price of homes currently listed in Richland is $274,900 while the median price of homes that sold is $242,781. The median rent price in Richland is $975, which is the same as the Kennewick Metro median of $975.

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 4.2

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 2.6%, which is lower than the national value of 6.4%. 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 13.1%.

Read more
Relative ZHVI
- +

Richland Market Overview

Data through Nov 30, 2014
  • $232,100 ZHVI
  • 10.1% 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
    (Nov 30, 2015)
  • $274,900 Median listing price
  • $242,781 Median sale price
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Richland Market Health

Data through Nov 30, 2014
  • 10.0/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 13.1% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 2.6% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Nearby Cities

Name Median ZHVI
West Richland $230,500
Burbank $213,600
Kennewick $198,500
Name Median ZHVI
Prosser $177,000
Hermiston $159,500
Pasco $158,800
Name Median ZHVI
Benton City $153,700
Umatilla $121,900
Mesa $108,300

Listings & Sales

Data through Nov 30, 2014
  • $135 Median list price / sq ft
  • $144 Median sale price / sq ft
  • No data Listings with price cut
8.3%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Richland Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,363 Richland
    $1,243 Kennewick Metro
    $1,342 United States

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

  • No data Breakeven horizon
  • $975 Rent list price
  • $0.83 Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading