Richardson House Market is GOOD

richardson real estate mapThe median home value in Richardson is $260,400. Richardson home values have gone up 13.1% over the past year and Zillow predicts they will rise 7.1% within the next year. The median list price per square foot in Richardson is $135, which is higher than the Dallas-Fort Worth Metro average of $121. The median price of homes currently listed in Richardson is $285,900. The median rent price in Richardson is $1,799, which is higher than the Dallas-Fort Worth Metro median of $1,595.

Foreclosures will be a factor impacting home values in the next several years. In Richardson 0.3 homes are foreclosed (per 10,000). This is lower than the Dallas-Fort Worth Metro value of 0.5 and also lower than the national value of 0.9

richardson home market graphMortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Richardson is 0.0%, which is lower than the national value of 0.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Richardson homeowners underwater on their mortgage is 0.0%, which is lower than Dallas-Fort Worth Metro at 0.0%.

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