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Richlands, NC—28574

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$277,000
4.5% YoY Growth
Household Income
$66,600
35.1% YoY Growth
Days on Market
44
0.0% Longer YoY
Home Price Forecast
2.0%
Median Rent
$1,650
0.0% YoY Growth
1-Bed Rent
$995
N/A
2-Bed Rent
$1,100
7.7% YoY Growth
3-Bed Rent
$1,700
3.8% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Richlands, NC

As of May '26, the median home price in Richlands, NC is $277,000, with a year-over-year change of 4.5%. This indicates that home prices in Richlands, NC are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$277,0004.5%
Single Family $277,0004.1%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$176,0006.7%
    3 Bed
    		$275,0004.2%
    4 Bed
    		$329,0003.8%
    5 Bed $387,1824.2%
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    % of Housing Stock

    Studio
    0.7%
    1 Bedroom
    0.9%
    2 Bedrooms
    11.8%
    3 Bedrooms
    66.2%
    4 Bedrooms
    18.1%
    5+ Bedrooms
    2.2%

    Rental Trends — Richlands, NC

    As of July '25, Rentcast reports the average rent in Richlands, NC is $1,560, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Richlands, NC is 1-bedrooms: $995, 2-bedrooms: $1,120, 3-bedrooms: $1,650, 4-bedrooms: $2,000. The most common rental property sizes in Richlands, NC are 3-bedroom and 2-bedroom, accounting for 62.8% and 21.0% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,650$1,560
    Studio Rent N/AN/A
    1 Bed Rent $995$995
    2 Bed Rent $1,100$1,120
    3 Bed Rent $1,700$1,650
    4 Bed Rent $1,950$2,000
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    % of Rental Stock

    1 Bedroom
    1.7%
    2 Bedrooms
    21.0%
    3 Bedrooms
    62.8%
    4 Bedrooms
    14.5%

    Property Listings — Richlands, NC

    As of May '26, Realtor.com reports that the median days on market for a home in Richlands, NC is 44. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$312,0002.0%
    Listing Count
    		1610.0%
    Listings as % of Homes1.2%0.0%
    Days on Market
    		440.0%
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    Demographics — Richlands, NC

    As of the latest ACS Survey released in 2023, Richlands, NC has a population of 20,600, which has increased by 13.9% over the past 5 years. Richlands, NC is a popular place for families, as children make up 33.8% of the population. The area has a poorly educated workforce, with 19.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.0% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		20,60013.9%
    % Under 18
    		33.8%15.4%
    % Seniors
    		8.2%-12.8%
    % WFH
    		7.0%62.8%
    % w/ College Degree
    		19.6%43.1%
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    As of the latest ACS Survey released in 2023, Richlands, NC is a predominantly white area, with 73.9% of the population identifying as white. The white population has shrunk by 1.9% in the last 5 years. The second most common race or ethnicity in Richlands, NC is hispanic, making up 8.5% of the population. Foreign-born residents account for 2.2% of the population in Richlands, NC, and this percentage has decreased by 15.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		73.9%-1.9%
    % Black
    		7.0%-32.7%
    % Hispanic
    		8.5%-14.1%
    % Asian
    		1.0%11.1%
    % Foreign Born
    		2.2%-15.4%
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    Mortgage and Risk — Richlands, NC

    According to HUD data as of 2023, there were 627 mortgage originations in Richlands, NC, of which 30.0% of loans were conventional mortgages. The average loan-to-value was 83.0%, with 61.0% above 90% LTV (very high). This implies large mortgage risk in Richlands, NC. Investor activity is low, as 1.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		627
    % Conventional Loans
    		30.0%
    % Government Loans
    		70.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		15.0%
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    Rentals and Section 8 — Richlands, NC

    As of 2024, the percent of homes in Richlands, NC under the Section 8 program is 1.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Richlands, NC, because HUD payments exceed market rent, while 1-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		32
    Total Units Section 8
    		32
    % Rentals under Section 8
    		1.2%
    % Occupied Section 8
    		60.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$15$995$980
    2 Bedroom$110$1,100$1,210
    3 Bedroom$10$1,700$1,710
    4 Bedroom$100$1,950$2,050

    Affordability — Richlands, NC

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.5
    Median Home Price$277,000
    Median Household Income$66,600

    Richlands, NC — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Chinquapin, NC

    28521

    Jacksonville, NC

    28540

    Beulaville, NC

    28518

    Paradise Park

    28542

    Pink Hill, NC

    28572

    Frequently Asked Questions