The typical owner-occupied home in Richland is worth about $47,600, 84% below the Georgia median of $303,300 and 86% below the national median of $332,700. Owners pay a median $800 a year in property taxes, about 1.68% of their home's value, higher than the Georgia rate of 0.77%. The median household earns $25,100 a year, so the median home costs 1.9 times the median income (3.9 times for Georgia). 51% of occupied homes here are lived in by their owners, and 15% of those owners still have a mortgage.
Richland at a glance
| Richland | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $47,600 | $303,300 | $332,700 |
| Median property tax paid per year | $800 | $2,341 | $3,119 |
| Property tax as a share of value | 1.68% | 0.77% | 0.94% |
| Median household income | $25,100 | $77,353 | $80,734 |
| Homes lived in by their owners | 51% | 66% | 65% |
| Owner homes with a mortgage | 15% | 63% | 61% |
| Median monthly costs, owners with a mortgage | $987 | $1,783 | $1,963 |
| Those costs as a share of the owners' income | 19.7% | 20.0% | 21.0% |
| Median rent | $611 | $1,393 | $1,413 |
| Rent as a share of renters' income | 33.1% | 31.3% | 30.6% |
| Median year homes were built | 1984 | 1992 | 1980 |
| Vacant homes | 13.4% | 10.3% | 10.1% |
| Population | 1,595 | 10,940,407 | 334,922,499 |
What a typical home costs per month in Richland
At this week's average 30-year rate of 7.11%, buying the median Richland home of $47,600 with 20% down costs about $343 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $422, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $14,685 for the 20%-down payment. That payment is 16% of the median Richland household income of $25,100; at that income and 20% down, the 28% guideline points to a home of about $81,000.
The median rent here is $611 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $9,520 |
|---|---|
| Loan amount | $38,080 |
| Principal and interest | $256 |
| Property taxes (1.68% a year) | $67 |
| Homeowners insurance (our estimate, 0.5% a year) | $20 |
| PMI | $0 |
| Total per month | $343 |
Change the numbers in the calculator
| Down payment | $1,666 |
|---|---|
| Loan amount | $46,738 |
| Principal and interest | $314 |
| Property taxes (1.68% a year) | $67 |
| Homeowners insurance (our estimate, 0.5% a year) | $20 |
| FHA mortgage insurance | $21 |
| Total per month | $422 |
Change the numbers in the calculator
Questions about home buying in Richland
What is the median home value in Richland?
About $47,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Richland?
Homeowners pay a median $800 a year, which is about 1.68% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Richland?
For the median home with 20% down at 7.11%, the payment is about $343 a month. Keeping that under 28% of gross income takes about $14,685 a year.
More about Richland
- Mortgage Refinance in Richland
- Debt Relief in Richland
- Home Equity Loans in Richland
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data