Richards, TX—77873
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Richards, TX
As of Oct '25, the median home price in Richards, TX is $424,000, with a year-over-year change of 1.4%. This indicates that home prices in Richards, TX are increasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $424,000 | 1.4% |
| Single Family | $425,000 | 1.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Richards, TX
As of July '25, Rentcast reports the average rent in Richards, TX is $2,900, with a year-over-year rent change of 36.8%. Per bedroom, the median rent as of July '25 in Richards, TX is 4-bedrooms: $2,900. The most common rental property sizes in Richards, TX are 2-bedroom and studio, accounting for 100.0% and 0.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,900 | $2,900 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $2,900 | $2,900 |
% of Rental Stock
Property Listings — Richards, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Richards, TX is 50. This is a decrease of -59.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $602,000 | -23.0% |
Listing Count | 7 | 78.0% |
| Listings as % of Homes | 0.3% | 78.0% |
Days on Market | 50 | -59.0% |
Demographics — Richards, TX
As of the latest ACS Survey released in 2023, Richards, TX has a population of 1,180, which has decreased by -8.2% over the past 5 years. Richards, TX is a moderately popular place for families, as children make up 23.8% of the population. The area has a moderately educated workforce, with 30.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,180 | -8.2% |
% Under 18 | 23.8% | -5.2% |
% Seniors | 17.0% | -8.1% |
% WFH | 3.6% | -36.8% |
% w/ College Degree | 30.0% | 21.0% |
As of the latest ACS Survey released in 2023, Richards, TX is a predominantly white area, with 88.3% of the population identifying as white. The white population has grown by 26.0% in the last 5 years. The second most common race or ethnicity in Richards, TX is black, making up 3.1% of the population. Foreign-born residents account for 0.0% of the population in Richards, TX, and this percentage has decreased by 100.0% 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 | 88.3% | 26.0% |
% Black | 3.1% | -83.2% |
% Hispanic | 3.1% | -48.3% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Richards, TX
Richards, TX lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Richards, TX
Richards, TX lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,030 |
| 2 Bedroom | N/A | N/A | $1,230 |
| 3 Bedroom | N/A | N/A | $1,560 |
| 4 Bedroom | -$910 | $2,900 | $1,990 |
Affordability — Richards, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $424,000 |
| Median Household Income | $78,000 |