Market Overview
Home Prices in Richwood, TX
The median home value in Richwood, TX is $273,108 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.7% compared to a year ago and up 1.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Richwood are priced33% below average. Richwood is part of the Houston-The Woodlands-Sugar Land, TX metro area.
Over the past five years, Richwood home values have risen by approximately14.9%, reflecting steady appreciation in this market.
Price History
Richwood Home Price Trend
City Comparison
Richwood vs. National Median
At $273,108, homes in Richwood cost 33% below the national median of $410,000. This makes Richwood a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Richwood?
20% Down Payment
$54,622
on $273,108
Monthly P&I
$1,424/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,808/mo
incl. taxes & insurance
Income Needed
$72,320
gross annual (30% rule)
10% Down Option
$27,311
+ PMI applies
Loan Amount (20% dn)
$218,486
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 Richwood, TX?
The median home value in Richwood is $273,108 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.7% year-over-year.
How much have home prices changed in Richwood?
Over the past year, home values in Richwood have increased by 0.7%. Over five years, prices have risen approximately 14.9%.
How much do I need to earn to buy a home in Richwood?
To comfortably afford the median home price of $273,108 with a 20% down payment ($54,622) at today's rates (6.8%), you'd need a gross annual income of approximately $72,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Richwood compare to the national average home price?
The national median home value is approximately $410,000. At $273,108, homes in Richwood are 33% below the national average.
What metro area is Richwood part of?
Richwood is part of the Houston-The Woodlands-Sugar Land, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.