Richland County, South Carolina Housing Market Prices
Richland County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 23% below the South Carolina median$184,903
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Median rent 4% above the South Carolina median More expensive than 82% of counties in South Carolina$1,227
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Richland County | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $184,903 | $239,609 | $248,835 |
| Price Trend (Annual %) | 6.1% | 8.9% | 7.5% |
| Median Gross Rent | $1,227 | $1,179 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 4.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Richland County is about 23% lower than in South Carolina. Rent is about 4% higher than the South Carolina average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Richland County, up about 6.1% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Richland County rose about 40.4% between 2015 and 2024, from $874 to $1,227. Over the same span, rent in South Carolina rose about 49.3%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in Richland County.
Buying the median-priced home in Richland County costs roughly 12.6 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Richland County. The price-to-rent ratio in South Carolina is about 16.9.
| Metric | Richland County | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $184,903 | $239,609 | $248,835 |
| Median Household Income | $64,219 | $69,383 | $80,455 |
| Price-to-Income Ratio | 2.9 | 3.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Richland County rose about 41.0%, while median household income rose about 32.4% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Richland County | South Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.0% | 62.3% | 58.5% |
| Rental Rate | 35.6% | 24.4% | 31.2% |
| Vacancy Rate | 10.5% | 13.3% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Richland County has a homeownership rate of 54.0%, lower than the South Carolina average of 62.3%. Its housing vacancy rate is 10.5%, compared with 13.3% in South Carolina.
Housing Stock
| Metric | Richland County | South Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.35 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1986 | 1990 | 1978 |
| Median Number of Rooms | 5.7 | 5.7 | 5.5 |
The typical housing unit in Richland County was built around 1986. On average, 2.4 people live in a home with about 5.7 rooms, staying for about 14.0 years on average.
Richland County, SC Housing Compared With Nearby Counties
How Richland County, SC compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Richland County, SC | 422,111 | $184,903 #3/3 | $1,227 #1/3 | 60.3% #3/3 |
| Lexington County, SC | 304,957 | $260,113 | $1,177 | 77.4% |
| Sumter County, SC | 104,715 | $216,121 | $1,057 | 68.1% |
Frequently Asked Questions
Common questions about the housing market in Richland County, South Carolina.
What is the median home price in Richland County, South Carolina?
The median home price in Richland County, South Carolina is $184,903, lower than the South Carolina average of $239,609.
What is the average home price in Richland County, South Carolina?
The typical home price in Richland County, South Carolina, reported as the median sale price, is $184,903. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Richland County, South Carolina?
The median gross rent in Richland County, South Carolina is $1,227 per month, higher than the South Carolina average of $1,179.
What was the median gross rent in Richland County in 2020?
In 2020, the median gross rent in Richland County, South Carolina was $997 per month.
What is the price-to-rent ratio in Richland County, South Carolina?
The price-to-rent ratio in Richland County, South Carolina is about 12.6, meaning it would take roughly 12.6 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Richland County.
Are home prices or rent rising faster in Richland County, South Carolina?
Both home prices and rent are rising in Richland County, up about 6.1% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Richland County, South Carolina?
54.0% of households in Richland County, South Carolina own their home, lower than the South Carolina average of 62.3%.
What is the vacancy rate in Richland County, South Carolina?
The housing vacancy rate in Richland County, South Carolina is 10.5%, lower than the South Carolina average of 13.3%.
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