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Real Estate Prices & Overview

Richland Southwest median real estate price is $733,859, which is more expensive than 72.8% of the neighborhoods in Washington and 85.8% of the neighborhoods in the U.S.

The average rental price in Richland Southwest is currently $2,398, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 58.5% of Washington neighborhoods.

Richland Southwest is a suburban neighborhood (based on population density) located in Richland, Washington.

Richland Southwest real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Richland Southwest neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Real estate vacancies in Richland Southwest are 4.3%, which is lower than one will find in 72.8% of American neighborhoods. Demand for real estate in Richland Southwest is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

People

A majority of the adults in the Richland Southwest neighborhood are wealthy and educated executives. They own stately homes that tend to maintain high real estate appreciation rates. Their upper-level careers keep them busy, but allow them to live comfortably. If you're an executive and want to keep similar company, consider settling in this neighborhood, rated as an executive lifestyle "best choice" neighborhood for Washington by NeighborhoodScout's analysis, which rated it as better for executive lifestyles than 99.4% of the neighborhoods in Washington. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for families with school-aged children, urban sophisticates and active retirees.

In addition, if you come to know the people here, you will recognize that you're in the company of one of the wealthiest communities in the nation. In fact, a mere 2.1% of America's neighborhoods are wealthier than the Richland Southwest neighborhood. Real estate here is exceedingly well-maintained, and similarly, tends to maintain its value over time. The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and Lexus. If the public schools aren't up to snuff, the residents of this neighborhood preferentially send their children to private preparatory schools. Vacation to Disney? Yes, but equally popular are summers in Europe.

Also, priests and therapists would like to think they know the secrets to a truly successful marriage, but according to NeighborhoodScout's research, the folks of the Richland Southwest neighborhood may actually hold the key. 67.7% of its residents are married, which is a higher percentage than is found in 96.2% of the neighborhoods in America.

Real Estate

Owner-occupied real estate dominates the Richland Southwest neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 97.6% of neighborhoods in America.

In addition, if you like the look and ambience of new homes and newly built neighborhoods, you will love the Richland Southwest neighborhood. A whopping 71.6% of the homes and other residential real estate here were built after 1999, which is a higher proportion of new homes then you will find in 96.4% of the neighborhoods in the U.S. Everything here just feels new.

Furthermore, one way that the Richland Southwest neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 95.3% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.

Diversity

Did you know that the Richland Southwest neighborhood has more Danish and Swiss ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.2% of this neighborhood's residents have Danish ancestry and 2.0% have Swiss ancestry.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Richland Southwest neighborhood in Richland are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 97.9% of the neighborhoods in America. In addition, 0.4% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 80.2% of America's neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Richland Southwest neighborhood, 64.1% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 16.5% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (11.0%), and 8.2% in government jobs, whether they are in local, state, or federal positions.

Languages

The most common language spoken in the Richland Southwest neighborhood is English, spoken by 83.2% of households. Some people also speak Langs. of India (2.4%).

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Richland Southwest neighborhood in Richland, WA, residents most commonly identify their ethnicity or ancestry as German (19.2%). There are also a number of people of English ancestry (14.0%), and residents who report Asian roots (13.4%), and some of the residents are also of Irish ancestry (12.8%), along with some Italian ancestry residents (5.0%), among others. In addition, 13.9% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Richland Southwest neighborhood spend between 15 and 30 minutes commuting one-way to work (47.1% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (83.4%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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