Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 70,663 people, 26,932 houses or apartments, and a median cost of homes of $380,281, North Richland Hills real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in North Richland Hills, accounting for 67.58% of the city's housing units. Other types of housing that are prevalent in North Richland Hills include large apartment complexes or high rise apartments ( 22.55%), duplexes, homes converted to apartments or other small apartment buildings ( 4.57%), and a few row houses and other attached homes ( 3.94%).
The most prevalent building size and type in North Richland Hills are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.33% owning and 35.67% renting.
There is a lot of housing in North Richland Hills built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in North Richland Hills built between 2000 and later ( 25.89%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.41%).
In the last 10 years, North Richland Hills has experienced some of the highest home appreciation rates of any community in the nation. North Richland Hills real estate appreciated 137.85% over the last ten years, which is an average annual home appreciation rate of 9.05%, putting North Richland Hills in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, North Richland Hills definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, North Richland Hills appreciation rates have trailed the rest of the nation. In the last twelve months, North Richland Hills's appreciation rate has been 2.00%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in North Richland Hills were at 1.89%, which equates to an annual appreciation rate of 7.76%.
Relative to Texas, our data show that North Richland Hills's latest annual appreciation rate is lower than 80% of the other cities and towns in Texas.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within North Richland Hills differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in North Richland Hills - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best North Richland Hills real estate investment or home purchase decisions.
$380,281
for Texas
for nation
26,932
$2,323 / per month