Home prices
The median home in Richland is valued at $184,100. In comparison to its surrounding areas this is roughly $12,940 (7%) higher.Compared to the rest of the nation it is approximately $33,400 (15%) lower, and compared to the city of Fort Wayne is approximately $69,000 (59%) higher.
Rents
Richland's median monthly rent is $850. Compared to other places in this area it is roughly $36 (4%) higher.It is approximately $212 (19%) lower compared to the entire nation, and in comparison to the city of Fort Wayne is roughly $86 (11%) higher.
Nearby places
South Gull Lake
South Gull Lake is approximately 2 miles east of Richland. The real estate prices there are significantly more expensive. The value of the median home in South Gull Lake is $418,200, which works out to $234,100 (55%) higher than Richland. Its rents are somewhat more expensive. The median rent in South Gull Lake is $1,086 a month, which comes out to $236 (21%) higher than Richland.
Comstock Northwest
Comstock Northwest is approximately 4 miles southwest from Richland. Its real estate prices are somewhat less expensive. The median home in Comstock Northwest costs $146,900, which works out to $37,200 (25%) lower than Richland. Its rents are a bit less expensive. Comstock Northwest's median monthly rent is $805, which comes out to $45 (5%) lower than Richland.
Augusta
Augusta is about 5 miles southeast of Richland. Its housing prices are a lot less expensive. The median home value in Augusta is $95,400, which is $88,700 (92%) lower than Richland. Rents there are somewhat less expensive. Augusta's median monthly rent is $785, which works out to $65 (8%) lower than Richland.
Parchment
Parchment is about 5 miles southwest from Richland. Its real estate prices are substantially less expensive. The cost of the median home in Parchment is $121,400, which comes out to $62,700 (51%) lower than Richland. Rent there is somewhat less expensive. The median rent in Parchment is $754 a month, which works out to $96 (12%) lower than Richland.
Galesburg
Galesburg is approximately 5 miles south from Richland. The housing prices there are substantially less expensive. The median home in Galesburg is valued at $73,900, which is $110,200 (149%) lower than Richland. Its rents are a lot less expensive. The median rent in Galesburg is $640 a month, which works out to $210 (32%) lower than Richland.
