Richlands, VA is a great place to live for those looking for affordable housing. The median value of housing in Richlands is $97,400, which is significantly lower than the US House Median Value of $338,100. Despite the lower pricing, house appreciation in Richlands has been higher with an increase of 13.65% within one year compared to the US 1 year House Appreciation of 8.27%. This means that investing in housing in Richlands can be a great opportunity for those looking to get into the real estate market without spending too much money.
The median home cost in Richlands is $97,400. Home appreciation the last 10 years has been 57.2%. Home Appreciation in Richlands is up 16.2%.
Average Age of Homes
- The median age of Richlands real estate is 45 years old
The Rental Market in Richlands
- Renters make up 30.9% of the Richlands population
- 4.0% of houses and apartments in Richlands, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.