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Richardson

Learn about the people, housing, costs and businesses in Richardson, Texas

Median Home$437,348
Median Rent$1,963/month
Population119,063
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services16% arts, food & hospitality
Home Value Growth+9.3% over 2 years
Young Adults41% of residentstop 2% nationally
Homeowners51% of occupied units
NotableAmenity Score80/100 · highly walkable area
NotableHighly Educated34% bachelor's · 18% graduate · top 4% nationally
Richardson
TX

Frequently Asked Questions

What are today's mortgage rates in Richardson?

As of today, the 30-year fixed mortgage rate for Richardson is approximately 6.859% (6.894% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Richardson?

The median home value in Richardson is $437k. The median monthly rent is $1,963. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Richardson?

Home values in Richardson have increased 9.3% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Richardson?

Based on a typical all-in ownership cost of $1,891/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $81k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Richardson is $110k/year.

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What industries drive the economy in Richardson?

The largest employment sectors in Richardson are public administration (22%) and healthcare (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.