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 a population of 17,795, 5,250 total housing units (homes and apartments), and a median house value of $556,820, real estate costs in West Richland are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Washington communities.
Single-family detached homes are the single most common housing type in West Richland, accounting for 81.63% of the city's housing units. Other types of housing that are prevalent in West Richland include mobile homes or trailers ( 12.60%), large apartment complexes or high rise apartments ( 3.88%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.53%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in West Richland. Owner-occupied housing accounts for 85.14% of West Richland's homes, and 78.48% have either three or four bedrooms, which is average sized relative to America.
West Richland homes and real estate are some of the newest in America. 48.85% of West Richland's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the West Richland real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 42.05%), and between 1940-1969 ( 7.79%). There's also some housing in West Richland built before 1939 ( 1.32%).
Appreciation rates for homes in West Richland have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 114.90%, which ranks in the top 30% nationwide. This equates to an annual average West Richland house appreciation rate of 7.95%.
Over the last year, West Richland appreciation rates have trailed the rest of the nation. In the last twelve months, West Richland's appreciation rate has been 2.96%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in West Richland were at 0.16%, which equates to an annual appreciation rate of 0.66%.
Notably, West Richland's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Washington, our data show that West Richland's latest annual appreciation rate is higher than 50% of the other cities and towns in Washington.
$556,820
for Washington
for nation
5,250
$2,579 / per month