Richardson, TX—75082
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 $546,000, with a year-over-year change of -3.8%. 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 | $546,000 | -3.8% |
| Single Family | $546,000 | -4.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $296,000 | -7.2% |
3 Bed | $449,000 | -3.9% |
4 Bed | $554,000 | -3.7% |
| 5 Bed | $648,000 | -3.6% |
% of Housing Stock
Rental Trends — Richardson, TX
As of July '25, Rentcast reports the average rent in Richardson, TX is $2,040, with a year-over-year rent change of -10.1%. Per bedroom, the median rent as of July '25 in Richardson, TX is studios: $1,420, 1-bedrooms: $1,620, 2-bedrooms: $2,230, 3-bedrooms: $2,980, 4-bedrooms: $3,050. The most common rental property sizes in Richardson, TX are 2-bedroom and 1-bedroom, accounting for 40.7% and 39.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,780 | $2,040 |
| Studio Rent | $1,380 | $1,420 |
| 1 Bed Rent | $1,600 | $1,620 |
| 2 Bed Rent | $2,230 | $2,230 |
| 3 Bed Rent | $2,970 | $2,980 |
| 4 Bed Rent | $2,900 | $3,050 |
% 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 71. This is a increase of 73.0% 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 | $643,000 | 1.0% |
Listing Count | 65 | 6.0% |
| Listings as % of Homes | 0.2% | 6.0% |
Days on Market | 71 | 73.0% |
Demographics — Richardson, TX
As of the latest ACS Survey released in 2023, Richardson, TX has a population of 29,500, which has increased by 24.9% over the past 5 years. Richardson, TX is a moderately popular place for families, as children make up 16.1% of the population. The area has a highly educated workforce, with 67.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 32.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,500 | 24.9% |
% Under 18 | 16.1% | -28.4% |
% Seniors | 12.3% | -12.8% |
% WFH | 32.5% | 231.6% |
% w/ College Degree | 67.5% | 1.8% |
As of the latest ACS Survey released in 2023, Richardson, TX is a predominantly white area, with 48.4% of the population identifying as white. The white population has shrunk by 18.4% in the last 5 years. The second most common race or ethnicity in Richardson, TX is asian, making up 24.9% of the population. Foreign-born residents account for 26.9% of the population in Richardson, TX, and this percentage has increased by 2.7% 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 | 48.4% | -18.4% |
% Black | 11.1% | 65.7% |
% Hispanic | 9.7% | 54.0% |
% Asian | 24.9% | 2.9% |
% Foreign Born | 26.9% | 2.7% |
Mortgage and Risk — Richardson, TX
According to HUD data as of 2023, there were 165 mortgage originations in Richardson, TX, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Richardson, TX. Investor activity is low, as 2.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 165 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Richardson, TX
As of 2024, the percent of homes in Richardson, TX under the Section 8 program is 1.0%. 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 | 63 |
Total Units Section 8 | 63 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | 69.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $510 | $1,600 | $2,110 |
| 2 Bedroom | $250 | $2,230 | $2,480 |
| 3 Bedroom | $140 | $2,970 | $3,110 |
| 4 Bedroom | $1,090 | $2,900 | $3,990 |
Affordability — Richardson, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $546,000 |
| Median Household Income | $108,000 |