Housing in Richland, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — December 2025Median Sale Price
$285,000
Median List Price
N/A
Price Per Sq Ft
$144
Days on Market
74
Active Inventory
4
Months of Supply
1.3
Seller's market
Zillow Home Value
$363,816
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
33.3%
Off Market in 2 Weeks
100.0%
Sale-to-List Ratio
98.1%
Buyer's market
Market Activity
Source: RedfinHomes Sold
3
Pending Sales
1
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$144
Richland vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Richland is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$248,400
Median Rent
$1,292
Total Housing Units
385
Vacancy Rate
1.8%
Owner Occupied
79.1%
Renter Occupied
20.9%
Median Property Tax
$3,724
per year
Monthly Cost (w/ Mortgage)
$1,179
Housing Types
The current median sale price in Richland, MI is $285,000 according to Redfin data. Homes spend a median of 74 days on the market. 33.3% of homes sold above asking price. The market has 1.3 months of supply. The median price per square foot is $144. The median rent is $1,292 per month (Census ACS). About 79.1% of housing units are owner-occupied. The median year homes were built is 1992. There are 385 total housing units.