Richlands, VA housing market
The typical Richlands home is worth about $113,000, up 0.7% in a year, 73% below the Virginia typical home.
Home values, sales, trends and how Richlands compares with the towns next door — updated as new data is published.
Richlands at a glance
Only 4 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Richlands | Virginia |
|---|---|---|
| 2017 | $79,000 | $253,000 |
| 2018 | $77,000 | $263,000 |
| 2019 | $76,000 | $271,000 |
| 2020 | $78,000 | $284,000 |
| 2021 | $89,000 | $311,000 |
| 2022 | $98,000 | $345,000 |
| 2023 | $104,000 | $367,000 |
| 2024 | $112,000 | $386,000 |
| 2025 | $118,000 | $405,000 |
| 2026 | $110,000 | $411,000 |
| August 2026 | $113,000 | $415,000 |
Richlands and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Richlands | $113K | +0.7% | $960 | $37,154 |
| Raven | $94K | +2.3% | $910 | $52,619 |
| Cedar Bluff | $193K | +4.2% | $930 | $37,170 |
3 years of income
The typical Richlands home costs about 3 years of the town's median household income, less than across Virginia (4.5 years).
How Richlands ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $960
HUD's Fair Market Rent for a two-bedroom in Richlands is $960 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Richlands pay a median of $804, so moving in tends to cost more than staying put. A two-bedroom takes about 31% of the town's median household income, above the 30% guideline for affordable housing.
Studio $760 · 4 bedrooms $1,320
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (24609, 24612, 24641; Tazewell County, VA), 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, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.