Richland, MI housing market
The median sale price was $475,000 in May 2026.
Home values, sales, trends and how Richland compares with the towns next door — updated as new data is published.
Richland at a glance
Only 1 sale in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Home prices up 52% in 5 years
The federal house price index for the ZIP code around Richland rose 52% over the past 5 years, about the same as across Michigan. Last year prices rose 2.5%. Carrying the Census median home value forward with that index puts the typical Richland home at roughly $466,000 today.
Show as a table
| Year | Change that year | Since 2000 | Michigan since 2000 |
|---|---|---|---|
| 2025 | +2.5% | +123% | +97% |
| 2024 | +9.6% | +117% | +88% |
| 2023 | +2.5% | +98% | +76% |
| 2022 | +18% | +93% | +64% |
| 2021 | +12% | +64% | +45% |
| 2020 | +0.1% | +46% | +30% |
| 2019 | +5.9% | +46% | +26% |
| 2018 | +5.2% | +38% | +20% |
| 2017 | +5% | +31% | +12% |
| 2016 | +3.6% | +25% | +5.3% |
| 2015 | +4.4% | +21% | 0% |
| 2014 | +0.9% | +15% | −4.7% |
| 2013 | +3.2% | +14% | −12% |
| 2012 | +2.7% | +11% | −16% |
| 2011 | −5.6% | +8% | −16% |
| 2010 | −3% | +14% | −12% |
| 2009 | −5.6% | +18% | −5% |
| 2008 | −1.1% | +25% | +3.5% |
| 2007 | −1.6% | +26% | +11% |
| 2006 | +2.7% | +28% | +16% |
| 2005 | +4.5% | +25% | +18% |
| 2004 | +5.3% | +20% | +14% |
| 2003 | +2.1% | +14% | +10% |
| 2002 | +3.2% | +11% | +8.3% |
| 2001 | +7.9% | +7.9% | +5% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 49083, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
4 new homes permitted in 2025
Builders were permitted 4 new homes in Richland in 2025, all single-family houses, worth about $1.6 million to build. That's 3.6 per 1,000 residents, faster than across Michigan (2.3). Over the past 10 years, Richland has permitted 37 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Richland gained 195 residents while 45 new homes were permitted: about 4.3 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across Michigan: 1.2 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 0 | 0 | 0 | — |
| 2025 | 4 | 4 | 0 | $1.6 million |
| 2024 | 0 | 0 | 0 | — |
| 2023 | 3 | 3 | 0 | $639,000 |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 9 | 9 | 0 | $2.4 million |
| 2018 | 21 | 21 | 0 | $5.4 million |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 6 | 6 | 0 | $1.8 million |
| 2014 | 5 | 5 | 0 | $1.5 million |
| 2013 | 2 | 2 | 0 | $615,000 |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 2 | 2 | 0 | $360,000 |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 3 | 3 | 0 | $490,000 |
| 2007 | 5 | 5 | 0 | $1.3 million |
| 2006 | 12 | 12 | 0 | $2.5 million |
| 2005 | 6 | 6 | 0 | $1.1 million |
| 2004 | 15 | 15 | 0 | $2.8 million |
| 2003 | 18 | 14 | 4 | $3.9 million |
| 2002 | 15 | 15 | 0 | $3 million |
| 2001 | 18 | 18 | 0 | $2.3 million |
| 2000 | 14 | 14 | 0 | $2.2 million |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
3 years of income
The typical Richland home costs about 3 years of the town's median household income, less than across Michigan (3.7 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,070
HUD's Fair Market Rent for a two-bedroom in Richland is $1,070 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Richland pay a median of $1,375. A two-bedroom takes about 14% of the town's median household income.
Studio $750 · 4 bedrooms $1,510
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (49083; Barry County, MI HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.