Richland County, Wisconsin 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 51% below the Wisconsin median Cheaper than 90% of counties in Wisconsin$83,333
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Median rent 29% below the Wisconsin median Cheaper than 87% of counties in Wisconsin$771
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Richland County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $83,333 | $170,479 | $248,835 |
| Price Trend (Annual %) | 1.0% | 4.2% | 7.5% |
| Median Gross Rent | $771 | $1,087 | $1,407 |
| Rent Trend (Annual %) | 2.7% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Richland County is about 51% lower than in Wisconsin. Rent is about 29% lower than the Wisconsin 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 1.0% and 2.7% a year respectively. Rent is changing faster.
Median rent in Richland County rose about 31.0% between 2015 and 2024, from $588 to $771. Over the same span, rent in Wisconsin rose about 40.2%.
Affordability
On average, housing unit costs 1.3 yearly household incomes in Richland County.
Buying the median-priced home in Richland County costs roughly 9.0 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 Wisconsin is about 13.1.
| Metric | Richland County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $83,333 | $170,479 | $248,835 |
| Median Household Income | $65,744 | $77,698 | $80,455 |
| Price-to-Income Ratio | 1.3 | 2.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Richland County fell about 37.3%, while median household income rose about 39.4% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Richland County | Wisconsin Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.8% | 60.5% | 58.5% |
| Rental Rate | 22.2% | 28.7% | 31.2% |
| Vacancy Rate | 15.0% | 10.8% | 10.2% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Richland County has a homeownership rate of 62.8%, higher than the Wisconsin average of 60.5%. Its housing vacancy rate is 15.0%, compared with 10.8% in Wisconsin.
Housing Stock
| Metric | Richland County | Wisconsin Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.32 people | 2.33 people | 2.53 people |
| Median Structure Built Year | 1971 | 1974 | 1978 |
| Median Number of Rooms | 5.9 | 5.6 | 5.5 |
The typical housing unit in Richland County was built around 1971. On average, 2.3 people live in a home with about 5.9 rooms, staying for about 18.0 years on average.
Richland County, WI Housing Compared With Nearby Counties
Richland County, WI is the smallest of the 4 counties compared here, 17,205 residents against a local median of 51,770. Richland County, WI's median home price, at $83,333, runs 47% below the $156,793 typical of the counties around it.
Median rent tells the same story from another angle: $771 against a local median of $954, 19% below it. The counties themselves spread $221,703 on median home price, so Richland County, WI sits at one end of an already wide local range rather than apart from it. Richland County, WI has the 4th highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Richland County, WI | 17,205 | $83,333 #4/4 | $771 #4/4 | 73.9% #2/4 |
| Iowa County, WI | 23,867 | $156,793 | $954 | 77.4% |
| Sauk County, WI | 66,009 | $332,258 | $1,018 | 72.4% |
| Grant County, WI | 51,770 | $110,555 | $813 | 69.8% |
Frequently Asked Questions
Common questions about the housing market in Richland County, Wisconsin.
What is the median home price in Richland County, Wisconsin?
The median home price in Richland County, Wisconsin is $83,333, lower than the Wisconsin average of $170,479.
What is the average home price in Richland County, Wisconsin?
The typical home price in Richland County, Wisconsin, reported as the median sale price, is $83,333. 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, Wisconsin?
The median gross rent in Richland County, Wisconsin is $771 per month, lower than the Wisconsin average of $1,087.
What was the median gross rent in Richland County in 2020?
In 2020, the median gross rent in Richland County, Wisconsin was $687 per month.
What is the price-to-rent ratio in Richland County, Wisconsin?
The price-to-rent ratio in Richland County, Wisconsin is about 9.0, meaning it would take roughly 9.0 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, Wisconsin?
Both home prices and rent are rising in Richland County, up about 1.0% and 2.7% a year respectively. Rent is changing faster.
What is the homeownership rate in Richland County, Wisconsin?
62.8% of households in Richland County, Wisconsin own their home, higher than the Wisconsin average of 60.5%.
What is the vacancy rate in Richland County, Wisconsin?
The housing vacancy rate in Richland County, Wisconsin is 15.0%, higher than the Wisconsin average of 10.8%.
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