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City · 7,346 residents · Rankin County, Mississippi

Richland , Mississippi

In Richland, a typical home is worth $125,800 and typical rent is $1,185 a month. Compared with all of Rankin County, the typical home value is 47% lower and typical household income is 16% lower.

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  • Typical home value

    $125,800

    47% below the county

    26% below Mississippi

    • Richland
    • Rankin
    • Mississippi

  • Typical rent

    $1,185a month

    7% below the county

    24% above Mississippi

    • Richland
    • Rankin
    • Mississippi

  • Typical household income

    $66,558a year

    16% below the county

    18% above Mississippi

    • Richland
    • Rankin
    • Mississippi

  • Households that own their home

    73%

    4 points below the county

    3 points above Mississippi

    • Richland
    • Rankin
    • Mississippi

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$222,688
4.7% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Richland is in Rankin County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Rankin County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Richland apart

What this place has that others do not, from public data, most unusual first.

  1. The typical home in Richland is worth $125,800, 47% less than in Rankin County as a whole ($237,400).

  2. The typical household income in Richland is $66,558, 16% less than in Rankin County as a whole ($79,357).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Richland

What homes there are in Richland, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Detached houses are the majority in Richland (57%), but less so than in Rankin County (73%).

Mobile homes are 28% of homes in Richland, more than in Rankin County (12%).

Year built

In Richland, half of the homes were built before 1993; in Rankin County, before 1995.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,182 a month

Rankin County: $1,575 a month

Without a mortgage

$373 a month

Rankin County: $467 a month

Owners with a mortgage

56%

Rankin County: 61%

In Richland, 56% of owners have a mortgage, and their typical cost is $1,182 a month, against $1,575 in Rankin County. Without one it drops to $373.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Since 2015–2019, home values in Richland moved so little that the Census cannot say whether they rose or fell.

The typical rent in Richland rose 23% over the same time; in Rankin County, it rose 29%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureRichlandRankin CountyMississippiUnited States
Rental vacancy Unreliable estimate5.8%8.2%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.8%0.9%
More than one person per room Unreliable estimate1.2%2.2%3.4%
People per household 2.562.562.492.53
Drive alone 73%82%82%69%
Carpool 20%9%9%9%
Public transit Unreliable estimateUnreliable estimate0%3%
Walk or bike Unreliable estimate1%1%3%
Work from home Unreliable estimate7%6%15%
Other means Unreliable estimate1%1%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

By size, households in Richland look like those in Rankin County: 2.56 people on average.

In Richland, 20% of workers share a car to get to work; in Rankin County, 9%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Richland?

A typical home is within reach of the typical income

We start with a typical home in Richland, worth $125,800, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 18% of the typical household income in Richland, which is $66,558 a year.

The calculator's FHA and conventional loan limits are those of all of Rankin County.

Your numbers

Local data
$

Starts at the typical home value in Richland. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $4,403 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,022

at 7.18% · 30 years

Loan amount
$123,521
Total interest
$177,718
Paid off in
November 2056

Includes $2,124 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,553 a month

    Your payment · 18%

  • Tight

    $1,553 to $1,997 a month

  • Hard

    more than $1,997 a month

Compared with the typical household income in Richland ($66,558 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,022
Principal & interest$837
Property tax$78
Home insurance$52
FHA mortgage insurance (MIP)$56

You need at least $4,403 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Richland and Rankin County

Richland is in Rankin County, Mississippi. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Richland's own numbers

Typical home value
$125,800
Typical monthly rent
$1,185
Typical yearly household income
$66,558
Households that own their home
73%
Effective property tax rate
0.74%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Rankin County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,289
Price change over 5 years (FHFA)
+39%
Homes in a high flood-risk zone
4.5%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Rankin County.

Everything about Rankin County

Buying

Buying a home in Richland

A typical home in Richland is worth $125,800: 47% below the county and 26% below Mississippi. With the typical household income in Richland ($66,558 a year), a typical home costs 1.9 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Richland 1.9 years
  • Rankin 3.0 years
  • Mississippi 3.0 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Rankin County

According to FHFA’s house price index, home prices in Rankin County rose 56% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Rankin County.

Period County Mississippi U.S.
Last year (2025) +2.3% +3.5% +2.9%
5 years (2020–2025) +39% +42% +47%
10 years (2015–2025) +56% +62% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Richland next to Rankin County, Mississippi and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Richland $125,800
  • Rankin $237,400
  • Mississippi $169,800
  • United States $332,700
Typical monthly rent
  • Richland $1,185
  • Rankin $1,270
  • Mississippi $954
  • United States $1,413
Typical yearly household income
  • Richland $66,558
  • Rankin $79,357
  • Mississippi $56,447
  • United States $80,734
See the full table
Richland next to Rankin County and Mississippi
Measure Richland Rankin County Mississippi U.S.
Typical home value $125,800 $237,400 $169,800 $332,700
Typical monthly rent $1,185 $1,270 $954 $1,413
Typical yearly household income $66,558 $79,357 $56,447 $80,734
Households that own their home 73% 77% 70% 65%
Typical yearly property tax $926 $1,428 $1,215 $3,119
Effective property tax rate 0.74% 0.6% 0.72% 0.94%
Renters with high rent for their income 59% 50% 51% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Rankin County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Richland

For a typical $125,800 home in Richland, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Richland's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,022a month

    Least cash to close
    Down payment
    $4,403
    Cash to close
    $8,177
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $56

  • Conventional, 5% down $999a month

    Down payment
    $6,290
    Cash to close
    $10,064
    Rate
    7.18%
    Mortgage insurance
    PMI · $60

  • Conventional, 20% down, no PMI $812a month

    Down payment
    $25,160
    Cash to close
    $28,934
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $928a month

    Down payment
    $18,870
    Cash to close
    $22,644
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Richland and for Rankin County.

Property tax

Effective rate in Richland

0.74%of the home’s value each year

$926 a year for the typical owner in Richland.

  • Richland 0.74%
  • Rankin 0.6%
  • Mississippi 0.72%

What Mississippi publishes Regular homestead exemption (Tier 1) (Mississippi Department of Revenue)

Exemptions and deadlines in Mississippi

Flood risk in Rankin County

FEMA does not publish these numbers by city: they are for all of Rankin County.

Homes in the high-risk zone
4.5%
2,338
Of those, with NFIP insurance
33%
County Mississippi U.S.
Homes in the high-risk zone 4.5% 7.6% 3.5%
Of those, with NFIP insurance 33% 33% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Richland

Typical rent in Richland is $1,185 a month: 7% below the county. In Richland, 59% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Rankin County, by unit size. To pay the 2-bedroom one ($1,289 a month) without spending more than 30% of your income, you would need to earn $24.79 an hour working full time.

HUD fair market rent for all of Rankin County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,099 $21.13 $43,960
1 bedroom $1,105 $21.25 $44,200
2 bedrooms $1,289 $24.79 $51,560
3 bedrooms $1,536 $29.54 $61,440
4 bedrooms $1,694 $32.58 $67,760

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Richland

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Richland is in ZIP code 39218.

For 2 bedrooms it is $1,330: $41 more than the fair market rent for Rankin County ($1,289).

  • 39218 $1,330$1,580

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Richland when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Richland

HUD lists 2 buildings with rents for lower incomes in Richland. These are the largest.

  • Chapelridge of Richland 100 Chapelridge DR, Richland 39218 136 homes, 135 low-income · 1 bd: 16 · 2 bd: 72 · 3 bd: 48 · In service since 2004 · For families
  • Richland Apts 615 Industrial Dr, Richland 39218 48 low-income homes · 2 bd: 48 · In service since 1994 · For families

See all 18 buildings in Rankin County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Richland

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Rankin County. The nearest ones are below; many serve by phone or online.

A man smiles on a bench outside his apartment building.

HUD counseling is free or low-cost

Assistance programs in Richland

No down payment, repair or rent-help program on our list is for Richland or Rankin County. The ones below are statewide in Mississippi: they work in Richland the same as in the rest of the state.

Which programs do I qualify for? All programs in Mississippi

  • Smart7 Mortgage Program

    Statewide in Mississippi

    Mississippi state corporation 30-year mortgage with $7,000 for the down payment or closing costs as a 0% second mortgage, repaid when you sell, refinance, stop living in the home or pay off the mortgage; no first-time buyer requirement. Offered by Mississippi Home Corporation (MHC).

    Deferred

    See the program Official page

  • Easy8

    Statewide in Mississippi

    Mississippi state corporation 30-year mortgage with $8,000 at 0% as a second mortgage for the down payment, closing costs or prepaid expenses, repaid when you sell, refinance, stop living in the home or pay off the mortgage; for first-time buyers, except in designated areas and for veterans. Offered by Mississippi Home Corporation (MHC).

    Deferred

    See the program Official page

  • Home4All

    Statewide in Mississippi

    Mississippi state corporation forgivable grant, with federal HOME funds, of up to $25,000 for the down payment, closing costs or to reduce the principal; for first-time buyers with incomes under 80% of the area median and a fixed-rate mortgage; if you sell before 5 or 10 years (depending on the amount), you may repay part of it. Offered by Mississippi Home Corporation (MHC).

    Grant

    See the program Official page

Housing counselors near Richland

The HUD-approved agencies closest to the center of Richland, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Voice of Calvary Ministries

    531 W. Capitol St., Jackson · 5 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 7 more
    601-969-3088-17

  • Mississippi Faith Based Coalition for Community Renewal, Inc.

    1750 Ellis Ave Ste 205, Jackson · 5 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    (601) 346-7503

  • Mississippi Housing Partnership, Inc.

    1217 N West St, Jackson · 6 miles away

    • Mortgage delinquency and default
    • Budget and credit workshops
    • and 4 more
    (601) 969-1895

All counseling agencies in Mississippi

Help in Spanish near Richland

None of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Richland

HUD lists no housing authority with an office in Rankin County. One in a neighboring county or the state’s may serve the area.

All housing agencies in Mississippi Source: HUD

Cities

Other cities in Rankin County

These cities are also in Rankin County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Rankin County Housing in Mississippi

Nearby cities

The cities closest to Richland, with the typical home value.

Neighboring counties

If Rankin County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Richland.

All guides
Two girls write and draw together at the living-room table.

Questions

Housing questions about Richland

Short answers with the numbers for Richland and all of Rankin County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Richland?

The typical home value in Richland is $125,800, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Rankin County it is $237,400.

How much does it cost to rent in Richland?

Typical rent in Richland is $1,185 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Rankin County is $1,289.

What is the FHA loan limit in Richland?

Richland uses the FHA limit for all of Rankin County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Richland?

The typical homeowner in Richland pays $926 a year, according to the U.S. Census Bureau. That is 0.74% of the home’s value; in Rankin County, the rate is 0.6%.

Where can I find free help to buy or rent in Richland?

We found no HUD-approved counseling agencies with an office in Rankin County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).