Richland, MS—39218
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Richland, MS
As of Oct '25, the median home price in Richland, MS is $215,000, with a year-over-year change of 3.0%. This indicates that home prices in Richland, MS are increasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $215,000 | 3.0% |
| Single Family | $214,000 | 2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $139,000 | 4.5% |
3 Bed | $210,000 | 3.4% |
4 Bed | $310,000 | 3.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Richland, MS
As of July '25, Rentcast reports the average rent in Richland, MS is $1,370, with a year-over-year rent change of -2.1%. Per bedroom, the median rent as of July '25 in Richland, MS is 1-bedrooms: $1,230, 2-bedrooms: $1,390, 3-bedrooms: $1,630. The most common rental property sizes in Richland, MS are 2-bedroom and 3-bedroom, accounting for 59.5% and 36.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,420 | $1,370 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,230 |
| 2 Bed Rent | $1,420 | $1,390 |
| 3 Bed Rent | $1,630 | $1,630 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Richland, MS
As of Oct '25, Realtor.com reports that the median days on market for a home in Richland, MS is 25. This is a decrease of -25.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 59.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $250,000 | 7.0% |
Listing Count | 17 | -30.0% |
| Listings as % of Homes | 0.5% | -30.0% |
Days on Market | 25 | -25.0% |
Demographics — Richland, MS
As of the latest ACS Survey released in 2023, Richland, MS has a population of 6,790, which has decreased by -4.0% over the past 5 years. Richland, MS is a moderately popular place for families, as children make up 24.3% of the population. The area has a moderately educated workforce, with 26.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,790 | -4.0% |
% Under 18 | 24.3% | -12.6% |
% Seniors | 17.3% | 45.4% |
% WFH | 2.6% | 271.4% |
% w/ College Degree | 26.0% | 79.3% |
As of the latest ACS Survey released in 2023, Richland, MS is a predominantly white area, with 70.4% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Richland, MS is black, making up 18.2% of the population. Foreign-born residents account for 4.2% of the population in Richland, MS, and this percentage has decreased by 46.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 70.4% | -2.9% |
% Black | 18.2% | 20.5% |
% Hispanic | 4.3% | -58.3% |
% Asian | 1.8% | 80.0% |
% Foreign Born | 4.2% | -46.8% |
Mortgage and Risk — Richland, MS
According to HUD data as of 2023, there were 170 mortgage originations in Richland, MS, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Richland, MS. 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
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 170 |
% Conventional Loans | 60.0% |
% Government Loans | 40.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Richland, MS
Richland, MS lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 66 |
Total Units Section 8 | 66 |
% Rentals under Section 8 | 6.7% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$120 | $1,200 | $1,080 |
| 2 Bedroom | -$160 | $1,420 | $1,260 |
| 3 Bedroom | -$110 | $1,630 | $1,520 |
| 4 Bedroom | N/A | N/A | $1,670 |
Affordability — Richland, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $215,000 |
| Median Household Income | $63,100 |