Richland Real Estate
Tri-Cities area hub with strong tech and research economy. Waterfront properties and excellent schools make this a desirable market.
Market Analysis
Market Forecast
Strong market with continued growth expected due to expanding tech sector and stable employment base.
What Drives Property Values
Proximity to Columbia River
Waterfront and near-water properties command significant premiums, especially with views and access.
Quality Schools
Richland School District is highly rated, with Meadow Springs area schools particularly sought after.
Tech and Research Employment
Pacific Northwest National Laboratory and growing tech sector provide stable, high-paying jobs.
Low Crime Rates
Richland consistently ranks as one of Washington's safest cities, attracting families.
Energy-Efficient Features
Smart homes and energy-efficient features are highly valued by tech-savvy buyers.
Sought-After Amenities & ROI Impact
interior Amenities
Modern Designs
high demandUpdated Kitchens
high demandlocation Amenities
Waterfront Properties
high demandProximity to Parks and Trails
medium demandtechnology Amenities
Energy-Efficient Homes
high demandSmart Home Technology
high demandLocation Factors
Economy
Major Employers
- •Pacific Northwest National Laboratory
- •Hanford Site contractors
- •Kadlec Regional Medical Center
- •Richland School District
- •Energy Northwest
- •Battelle Memorial Institute
Industries
Economic Stability: Very stable economy driven by federal research facilities and growing tech sector. High median income supports strong housing demand.
Commute & Transportation
Average Commute Time
10-15 minutes locally, 20-30 minutes to Tri-Cities
Transportation Options
- •Ben Franklin Transit (public transit)
- •Highway access (I-182, US-395)
- •Pasco Airport (15 minutes)
- •Easy access to Kennewick and Pasco
Proximity: 3 hours to Seattle, 2.5 hours to Spokane
Schools
District Rating
A ratingNotable Schools
- •Richland High School (top-rated)
- •Hanford High School
- •Meadow Springs Elementary
- •Jason Lee Elementary
Higher Education
- •Columbia Basin College (15 minutes)
- •Washington State University Tri-Cities (20 minutes)
Demographics
Population
60,000+
Median Age
39 years
Lifestyle
Professional community with strong emphasis on education, outdoor recreation, and family-friendly environment
Neighborhood Insights
Meadow Springs
Upscale area with golf course, luxury homes, and excellent schools.
Characteristics
- •Golf course community
- •Luxury homes
- •Top-rated schools
- •Mature landscaping
- •Gated communities available
Price Range
$500,000 - $1,200,000
Lifestyle: Premium living with country club amenities
North Richland
Family-friendly area with established neighborhoods and good schools.
Characteristics
- •Family-oriented
- •Established community
- •Good schools
- •Parks and trails
- •Moderate prices
Price Range
$350,000 - $600,000
Lifestyle: Ideal for families seeking quality schools and community
South Richland
Growing area with newer developments and river proximity.
Characteristics
- •Newer developments
- •River proximity
- •Growing area
- •Modern homes
- •Good value
Price Range
$400,000 - $700,000
Lifestyle: Modern living with river access
Investment Opportunities
Rental Market
Average Rent
$1,500 - $2,200/month
Rental Yield
4.0-5.0%
Demand
high demandAppreciation Potential
Potential
high potentialHistorical Rate
5-6% annually
Strong appreciation expected with tech sector growth and limited inventory
Equity Statistics
High Equity Homes
65.43%
Homes with over 50% equity
Fully Paid Off
7,616 properties
Strong equity position with 65.43% of homes having over 50% equity
Investment Strategy
Focus on properties near PNNL and tech employers. Waterfront properties offer highest appreciation potential. Rental demand is strong from professionals.
Ready to Buy or Sell in Richland?
Get expert guidance on the Richland real estate market. Whether you're buying or selling, I'll help you navigate the market with confidence.
Schedule a time that works for you
This calendar connects directly to my availability. Pick a slot for a buyer consultation, seller consultation, or quick cash offer discussion.
Google Calendar is loading