Richardson, TX—75080
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Richardson, TX
As of Oct '25, the median home price in Richardson, TX is $436,000, with a year-over-year change of -2.7%. This indicates that home prices in Richardson, TX are decreasing. 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 | $436,000 | -2.7% |
| Single Family | $451,000 | -2.2% |
| Condos | $189,000 | -6.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $166,000 | -7.8% |
2 Bed | $244,000 | -5.8% |
3 Bed | $389,000 | -3.7% |
4 Bed | $589,000 | -1.2% |
| 5 Bed | $763,000 | -1.3% |
% of Housing Stock
Rental Trends — Richardson, TX
As of July '25, Rentcast reports the average rent in Richardson, TX is $2,080, with a year-over-year rent change of -6.3%. Per bedroom, the median rent as of July '25 in Richardson, TX is studios: $2,320, 1-bedrooms: $1,570, 2-bedrooms: $1,980, 3-bedrooms: $2,690, 4-bedrooms: $3,220. The most common rental property sizes in Richardson, TX are 1-bedroom and 2-bedroom, accounting for 32.5% and 32.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,920 | $2,080 |
| Studio Rent | $1,260 | $2,320 |
| 1 Bed Rent | $1,560 | $1,570 |
| 2 Bed Rent | $1,980 | $1,980 |
| 3 Bed Rent | $2,650 | $2,690 |
| 4 Bed Rent | $3,000 | $3,220 |
% of Rental Stock
Property Listings — Richardson, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Richardson, TX is 52. This is a increase of 24.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 43.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $436,000 | -1.0% |
Listing Count | 176 | 13.0% |
| Listings as % of Homes | 0.4% | 13.0% |
Days on Market | 52 | 24.0% |
Demographics — Richardson, TX
As of the latest ACS Survey released in 2023, Richardson, TX has a population of 52,700, which has increased by 2.0% over the past 5 years. Richardson, TX is a moderately popular place for families, as children make up 21.9% of the population. The area has a highly educated workforce, with 57.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 52,700 | 2.0% |
% Under 18 | 21.9% | -6.0% |
% Seniors | 11.8% | -19.2% |
% WFH | 19.3% | 129.8% |
% w/ College Degree | 57.4% | 2.1% |
As of the latest ACS Survey released in 2023, Richardson, TX is a predominantly white area, with 52.8% of the population identifying as white. The white population has shrunk by 5.4% in the last 5 years. The second most common race or ethnicity in Richardson, TX is hispanic, making up 21.2% of the population. Foreign-born residents account for 17.1% of the population in Richardson, TX, and this percentage has decreased by 24.0% 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 | 52.8% | -5.4% |
% Black | 8.0% | 9.6% |
% Hispanic | 21.2% | -12.4% |
% Asian | 13.8% | 30.2% |
% Foreign Born | 17.1% | -24.0% |
Mortgage and Risk — Richardson, TX
According to HUD data as of 2023, there were 624 mortgage originations in Richardson, TX, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Richardson, TX. Investor activity is low, as 3.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 624 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Richardson, TX
As of 2024, the percent of homes in Richardson, TX under the Section 8 program is 1.1%. 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. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Richardson, TX, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 86 |
Total Units Section 8 | 85 |
% Rentals under Section 8 | 1.1% |
% Occupied Section 8 | 89.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $150 | $1,560 | $1,710 |
| 2 Bedroom | $30 | $1,980 | $2,010 |
| 3 Bedroom | -$130 | $2,650 | $2,520 |
| 4 Bedroom | $240 | $3,000 | $3,240 |
Affordability — Richardson, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $436,000 |
| Median Household Income | $89,800 |