Market Overview
Home Prices in Richland, PA
The median home value in Richland, PA is $317,134 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.5% compared to a year ago and up 4.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Richland are priced23% below average. Richland is part of the Reading, PA metro area.
Over the past five years, Richland home values have risen by approximately33.0%, reflecting strong long-term appreciation in this market.
Price History
Richland Home Price Trend
City Comparison
Richland vs. National Median
At $317,134, homes in Richland cost 23% 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
$63,427
on $317,134
Monthly P&I
$1,654/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,101/mo
incl. taxes & insurance
Income Needed
$84,040
gross annual (30% rule)
10% Down Option
$31,713
+ PMI applies
Loan Amount (20% dn)
$253,707
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, PA?
The median home value in Richland is $317,134 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.5% year-over-year.
How much have home prices changed in Richland?
Over the past year, home values in Richland have increased by 4.5%. Over five years, prices have risen approximately 33.0%.
How much do I need to earn to buy a home in Richland?
To comfortably afford the median home price of $317,134 with a 20% down payment ($63,427) at today's rates (6.8%), you'd need a gross annual income of approximately $84,040. 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 $317,134, homes in Richland are 23% below the national average.
What metro area is Richland part of?
Richland is part of the Reading, PA metropolitan area. Home prices and market conditions can vary across the broader metro region.