Market Overview
Home Prices in Richland, OR
The median home value in Richland, OR is $372,217 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.2% compared to a year ago and up 1.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Richland are priced9% below average.
Price History
Richland Home Price Trend
2022
$342,512
$343K
—
2023
$332,308
$332K
-3.0%
2024
$343,723
$344K
+3.4%
2025
$347,334
$347K
+1.1%
2026
$372,217
$372K
+7.2%
City Comparison
Richland vs. National Median
🏠 Richland
$372,217
National Median
$410,000
At $372,217, homes in Richland cost 9% below the national median of $410,000. This makes Richland a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Richland?
20% Down Payment
$74,443
on $372,217
Monthly P&I
$1,941/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,465/mo
incl. taxes & insurance
Income Needed
$98,600
gross annual (30% rule)
10% Down Option
$37,222
+ PMI applies
Loan Amount (20% dn)
$297,774
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Richland, OR?
The median home value in Richland is $372,217 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.2% year-over-year.
How much have home prices changed in Richland?
Over the past year, home values in Richland have increased by 7.2%.
How much do I need to earn to buy a home in Richland?
To comfortably afford the median home price of $372,217 with a 20% down payment ($74,443) at today's rates (6.8%), you'd need a gross annual income of approximately $98,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Richland compare to the national average home price?
The national median home value is approximately $410,000. At $372,217, homes in Richland are 9% below the national average.