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

$87,800

  • 11.4% 1-year change
  • 2.0% 1-year forecast

The median home value in Richland County is $87,800. Richland County home values have gone up 11.4% over the past year and Zillow predicts they will rise 2.0% within the next year. 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 $89,900 while the median price of homes that sold is $94,085.

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 4.5

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 4.0%, 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 County homeowners underwater on their mortgage is 22.8%.

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Relative ZHVI
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Richland County Market Overview

Data through Oct 31, 2014
  • $87,800 ZHVI
  • 2.0% 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
    (Oct 31, 2015)
  • $89,900 Median listing price
  • $94,085 Median sale price
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Richland County Market Health

Data through Oct 31, 2014
  • 6.1/10 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
  • 22.8% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 4.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Cities in Richland County

Name Median ZHVI
Bellville $124,500
Lucas $115,300
Butler $112,700
Name Median ZHVI
Lexington $110,300
Ontario $106,900
Shiloh $95,100
Name Median ZHVI
Shelby $86,200
Plymouth $78,000
Mansfield $56,500

Listings & Sales

Data through Oct 31, 2014
  • $62 Median list price / sq ft
  • $65 Median sale price / sq ft
  • 38.7% Listings with price cut
29.5%
Sold below listing
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Richland County Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $777 Richland County
    $777 Mansfield Metro
    $1,337 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)
  • No data Rent list price
  • $0.52 Rent list price / sq ft
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