Richardson, TX—75081
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 $381,000, with a year-over-year change of -5.4%. This indicates that home prices in Richardson, TX are decreasing. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $381,000 | -5.4% |
| Single Family | $383,000 | -5.4% |
| Condos | $186,000 | -10.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $259,000 | -6.5% |
3 Bed | $359,000 | -5.8% |
4 Bed | $423,000 | -4.7% |
| 5 Bed | $524,000 | -4.0% |
% of Housing Stock
Rental Trends — Richardson, TX
As of July '25, Rentcast reports the average rent in Richardson, TX is $2,220, with a year-over-year rent change of 20.0%. Per bedroom, the median rent as of July '25 in Richardson, TX is studios: $1,360, 1-bedrooms: $1,420, 2-bedrooms: $2,000, 3-bedrooms: $2,750, 4-bedrooms: $2,780. The most common rental property sizes in Richardson, TX are 2-bedroom and 1-bedroom, accounting for 35.0% and 32.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,220 |
| Studio Rent | $1,330 | $1,360 |
| 1 Bed Rent | $1,480 | $1,420 |
| 2 Bed Rent | $1,970 | $2,000 |
| 3 Bed Rent | $2,600 | $2,750 |
| 4 Bed Rent | $2,600 | $2,780 |
% 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 47. This is a increase of 11.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $425,000 | -5.0% |
Listing Count | 146 | 24.0% |
| Listings as % of Homes | 0.5% | 24.0% |
Days on Market | 47 | 11.0% |
Demographics — Richardson, TX
As of the latest ACS Survey released in 2023, Richardson, TX has a population of 36,100, which has decreased by -8.3% over the past 5 years. Richardson, TX is a moderately popular place for families, as children make up 22.8% of the population. The area has a moderately educated workforce, with 44.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,100 | -8.3% |
% Under 18 | 22.8% | 3.2% |
% Seniors | 14.2% | -5.3% |
% WFH | 20.1% | 209.2% |
% w/ College Degree | 44.9% | 0.2% |
As of the latest ACS Survey released in 2023, Richardson, TX is a predominantly white area, with 46.3% of the population identifying as white. The white population has shrunk by 2.1% in the last 5 years. The second most common race or ethnicity in Richardson, TX is black, making up 20.9% of the population. Foreign-born residents account for 27.8% of the population in Richardson, TX, and this percentage has increased by 12.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 46.3% | -2.1% |
% Black | 20.9% | 46.2% |
% Hispanic | 18.3% | 28.9% |
% Asian | 11.5% | -41.9% |
% Foreign Born | 27.8% | 12.6% |
Mortgage and Risk — Richardson, TX
According to HUD data as of 2023, there were 47 mortgage originations in Richardson, TX, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Richardson, TX. Investor activity is low, as 4.0% of loans were by investors. 23.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 47 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 23.0% |
Loan Activity
Rentals and Section 8 — Richardson, TX
As of 2024, the percent of homes in Richardson, TX under the Section 8 program is 4.3%. 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. In Richardson, TX, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 321 |
Total Units Section 8 | 273 |
% Rentals under Section 8 | 4.3% |
% Occupied Section 8 | 75.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $320 | $1,480 | $1,800 |
| 2 Bedroom | $140 | $1,970 | $2,110 |
| 3 Bedroom | $40 | $2,600 | $2,640 |
| 4 Bedroom | $800 | $2,600 | $3,400 |
Affordability — Richardson, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $381,000 |
| Median Household Income | $91,000 |