North Richland Hills, Texas Housing Market Prices
North Richland Hills 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 60% above the Texas median$412,970
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Median rent 21% above the Texas median$1,695
Housing Market Overview
| Metric | North Richland Hills | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $412,970 | $258,873 | $248,835 |
| Price Trend (Annual %) | 18.5% | 9.2% | 7.5% |
| Median Gross Rent | $1,695 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 6.9% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in North Richland Hills is about 60% higher than in Texas. Rent is about 21% higher than the Texas 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 North Richland Hills, up about 18.5% and 6.9% a year respectively. Home prices are changing faster.
Median rent in North Richland Hills rose about 73.0% between 2015 and 2024, from $980 to $1,695. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 4.2 yearly household incomes in North Richland Hills.
Buying the median-priced home in North Richland Hills costs roughly 20.3 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in North Richland Hills. The price-to-rent ratio in Texas is about 15.4.
| Metric | North Richland Hills | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $412,970 | $258,873 | $248,835 |
| Median Household Income | $97,487 | $78,939 | $80,455 |
| Price-to-Income Ratio | 4.2 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in North Richland Hills rose about 278.5%, while median household income rose about 37.8% 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 | North Richland Hills | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.5% | 56.7% | 58.5% |
| Rental Rate | 33.7% | 33.9% | 31.2% |
| Vacancy Rate | 4.8% | 9.4% | 10.2% |
| Median Tenure (years) | 12.0 | 14.0 | 15.0 |
| Median Year Moved In | 2014 | 2012 | 2011 |
North Richland Hills has a homeownership rate of 61.5%, higher than the Texas average of 56.7%. Its housing vacancy rate is 4.8%, compared with 9.4% in Texas.
Housing Stock
| Metric | North Richland Hills | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.57 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1988 | 1990 | 1978 |
| Median Number of Rooms | 5.7 | 5.4 | 5.5 |
The typical housing unit in North Richland Hills was built around 1988. On average, 2.6 people live in a home with about 5.7 rooms, staying for about 12.0 years on average.
North Richland Hills, TX Housing Compared With Nearby Cities
How North Richland Hills, TX compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| North Richland Hills, TX | 71,246 | $412,970 #2/3 | $1,695 #2/3 | 64.6% #2/3 |
| Hurst, TX | 39,545 | $295,190 | $1,386 | 59.5% |
| Keller, TX | 41,093 | $680,517 | $2,085 | 80.8% |
Frequently Asked Questions
Common questions about the housing market in North Richland Hills, Texas.
What is the median home price in North Richland Hills, Texas?
The median home price in North Richland Hills, Texas is $412,970, higher than the Texas average of $258,873.
What is the average home price in North Richland Hills, Texas?
The typical home price in North Richland Hills, Texas, reported as the median sale price, is $412,970. 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 North Richland Hills, Texas?
The median gross rent in North Richland Hills, Texas is $1,695 per month, higher than the Texas average of $1,402.
What was the median gross rent in North Richland Hills in 2020?
In 2020, the median gross rent in North Richland Hills, Texas was $1,207 per month.
What is the price-to-rent ratio in North Richland Hills, Texas?
The price-to-rent ratio in North Richland Hills, Texas is about 20.3, meaning it would take roughly 20.3 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in North Richland Hills.
Are home prices or rent rising faster in North Richland Hills, Texas?
Both home prices and rent are rising in North Richland Hills, up about 18.5% and 6.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in North Richland Hills, Texas?
61.5% of households in North Richland Hills, Texas own their home, higher than the Texas average of 56.7%.
What is the vacancy rate in North Richland Hills, Texas?
The housing vacancy rate in North Richland Hills, Texas is 4.8%, lower than the Texas average of 9.4%.
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