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 $133, which is higher than the Kennewick Metro average of $122. The median price of homes currently listed in Richland is $269,900 while the median price of homes that sold is $232,839. The median rent price in Richland is $995, which is lower than the Kennewick Metro median of $1,100.

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 3.1%, which is lower than the national value of 6.9%. 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 11.4%.

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Relative ZHVI
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Richland Market Overview

Data through Aug 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $269,900 Median listing price
  • $232,839 Median sale price
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Richland Market Health

Data through Aug 31, 2014
  • No recent data
  • No data Average days on Zillow
  • 11.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 3.1% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Burbank $212,800 Pasco $161,400 Hermiston $161,300
Stanfield $126,300 Grandview $125,200 Umatilla $122,400
Mattawa $121,300 Connell $121,100 Mesa $118,100

Listings & Sales

Data through Aug 31, 2014
  • $133 Median list price / sq ft
  • $127 Median sale price / sq ft
  • 36.5% Listings with price cut
8.3%
Sold below listing
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Richland Rentals

Data through Aug 31, 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
$1,377 Richland
$1,243 Kennewick Metro
$1,328 United States
  • No data Breakeven horizon
  • $995 Rent list price
  • $0.93 Rent list price / sq ft
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