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Richland County

Learn about the people, housing, costs and businesses in Richland County County

Median Home$118,851
Median Rent$774/month
Population15,598
Leading IndustriesFinance & Insurance · Information & Media · Manufacturing8% finance & insurance
Home Value Growth⬆⬆+13.2% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners74% of occupied units
NotableAffordable Market$119k median home · lower cost than 86% of the country
Richland County
IL

Frequently Asked Questions

What are today's mortgage rates in Richland County?

As of today, the 30-year fixed mortgage rate for Richland County is approximately 7.325% (7.365% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Richland County
What is the median home price in Richland County?

The median home value in Richland County is $119k. The median monthly rent is $774. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Richland County?

Home values in Richland County have increased 13.2% over the past two years. This indicates a strong appreciation trend. 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 Richland County?

Based on a typical all-in ownership cost of $735/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Richland County is $63k/year.

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What industries drive the economy in Richland County?

The largest employment sectors in Richland County are public administration (23%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas