Richardson appreciation rates and housing market information

Richardson housing market information

With 91,635 people, 36,362 houses or apartments, and a median cost of homes of $206,106, Richardson real estate is some of the most expensive in Texas, although Richardson home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Richardson, accounting for 67.20% of the city's housing units. Other types of housing that are prevalent in Richardson include large apartment complexes or high rise apartments (24.53%), duplexes, homes converted to apartments, or other small apartment buildings (5.26%), and a few row houses and other attached homes (2.84%).

The most prevalent building size and type in Richardson are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 62.19% owning, and 34.17% renting.

There is a lot of housing in Richardson built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Richardson built from 1940-1969 (34.04%). A lesser amount of the housing stock also hails from 1995 and later (17.57%), and some were built from 1939 and earlier (17.57%).

Richardson home appreciation rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Richardson, where house values have increased just 33.15%, which is an average annual increase of 3.31%. NeighborhoodScout's data show that in the latest quarter, Richardson house values appreciated 0.33%, which is an annualized rate of 1.32%. This rate is lower than the appreciation rate found in 50% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, Richardson home appreciation rates, at 0.90%, have been at or slightly above the national average. In the latest quarter, Richardson's appreciation rate has been 0.33%, which annualizes to a rate of 1.32%.

Relative to Texas, our data show that Richardson's latest annual appreciation rate is higher than 11% of the other cities and towns in Texas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Richardson differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Richardson - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Richardson real estate investment or home purchase decisions.