Area Insights of Richland, WA

Stay ahead with market trends and local insights that matter.

Demand Insights

The market shows moderate activity with a price ratio of 2%, reflecting steady buyer interest. A total of 29 homes were sold with 11 properties undergoing price cuts. Leverage these insights to assess market conditions and plan your next move.

Location

Richland, WA

Date

04-09-2023

Price Ratio

101%

Schools

Choosing the right school is crucial for your child's education. Compare ratings, distance, and academic offerings across elementary, middle and high schools to make a well-informed decision.

Elementary School

Christ the King School

PK to 8

Sagebrush Elementary School

1 to 6

Sagebrush Montessori School

PK to KG

Children's Garden Montessori

PK to 3

Middle School

Carmichael Middle School

6 to 8

Ratings

D+

Chief Joseph Middle School

6 to 8

Ratings

C-

High School

Twin Rivers Group Home

9 to 12

Rivers Edge High School

9 to 12

Ratings

D

Hanford High School

9 to 12

Ratings

B+

Richland High School

9 to 12

Ratings

B+

Climate

Weather plays a crucial role in real estate decisions. Consider environmental factors like flood risks, wildfire hazards, extreme heat, and other climate conditions for a well-informed choice.

Weather Indices
Scaled to National average of 100 for each category.
Temperature

Demographics

Population dynamics, income levels, and employment patterns are key indicators of real estate demand and future growth. Use these insights to make well-informed decisions.

Population

With a steadily growing population, the area offers a vibrant community atmosphere. Current data indicates a population increase of 19% since 2010, reflecting rising demand for housing and local amenities. This trend highlights the area's potential for continued development and long-term residential appeal.

Population (59,643)
30,221 Male
29,422 Female
Education
17% High School
10% Associate
26% Bachelor
19% Graduate
Age

Average Age is 37 Years

Household Details

The area's household landscape is diverse, with 63% owner-occupied homes and 37% renter-occupied properties. Family households represent 65% of the population, indicating a strong community focus on family living. The average home value stands at $470,791, which suggests ample demand for multi-bedroom properties.

Total Households
24,966
Average home value
$470,791
Owned
63%
Rented
37%
Vacant
5%
Families
65%
Married
48%
With children
31%

Racial Diversity

The area's community showcases a dynamic blend of cultures, contributing to a rich and inclusive environment. Demographic data highlights a diverse composition, with 6% Asian, 2% Black, and 1% Native residents, alongside 75% White and 14% Hispanic/Other populations. This multicultural landscape offers residents a vibrant and culturally enriched living experience.

Income

The area reflects a well-distributed income pattern with approximately 43% of households earning over $100,000 annually, while 30% fall within the $50,000 to $100,000 range. The median income stands at $75,000, signalling a financially stable community with growth potential.

Employment

The area has a diverse workforce with employment spanning across sectors like technology, healthcare, education, and retail. Below is the percentage of residents employed across various industries, highlighting the region's balanced and dynamic economic landscape.

% of People are working in various industries.

Arts
2%
Healthcare
13%
Professional
16%
Education
9%
Services
22%
Labor
16%
Retail
10%
Other
12%
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