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City · 5,171 residents · Tazewell County, Virginia

Richlands , Virginia

In Richlands, a typical home is worth $111,000 and typical rent is $804 a month. Compared with all of Tazewell County, typical household income is 21% lower, the typical home value is 6% lower, and the share of households that own their home is 11 points lower.

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  • Typical home value

    $111,000

    6% below the county

    71% below Virginia

    • Richlands
    • Tazewell
    • Virginia

  • Typical rent

    $804a month

    About the same as the county

    49% below Virginia

    • Richlands
    • Tazewell
    • Virginia

  • Typical household income

    $37,154a year

    21% below the county

    60% below Virginia

    • Richlands
    • Tazewell
    • Virginia

  • Households that own their home

    64%

    11 points below the county

    4 points below Virginia

    • Richlands
    • Tazewell
    • Virginia

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

Market now, with Zillow data

Zillow data
Typical home value
$113,335
2.5% more than 12 months ago

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

Richlands is in Tazewell 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 Tazewell County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Richlands apart

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

  1. Richlands has the lowest typical household income of the 160 cities in Virginia with more than 5,000 people: $37,154.

  2. Richlands has the lowest typical home value of the 157 cities in Virginia with more than 5,000 people: $111,000.

  3. Richlands has the 7th lowest typical rent of the 157 cities in Virginia with more than 5,000 people ($804).

  4. 64% of households in Richlands own their home, against 74% in Tazewell County.

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

The homes here

Housing in Richlands

What homes there are in Richlands, 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 Richlands (56%), but less so than in Tazewell County (69%).

There are more mobile homes here than in Tazewell County: 28% of homes, against 22%.

Year built

The typical year built in Richlands is 1974, about the same as in Tazewell County (1975).

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

At least 100% of owner-occupied homes in Richlands are worth less than $500,000, below the FHA loan limit for Tazewell County ($541,287).

Monthly rent with utilities

With a mortgage

$1,189 a month

Tazewell County: $1,159 a month

Without a mortgage

$466 a month

Tazewell County: $395 a month

Owners with a mortgage

32%

Tazewell County: 35%

Owning costs about the same in Richlands as in Tazewell County: with a mortgage, $1,189 a month; without one, $466.

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

The typical home value in Richlands rose 31% since 2015–2019, more than in Tazewell County (19%).

Rents in Richlands rose at about the same pace as in Tazewell County: 21% since 2015–2019, against 21%.

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

MeasureRichlandsTazewell CountyVirginiaUnited States
Rental vacancy Unreliable estimateUnreliable estimate4.8%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.8%0.9%
More than one person per room Unreliable estimateUnreliable estimate2.1%3.4%
People per household 2.252.332.522.53
Drive alone 79%81%68%69%
Carpool Unreliable estimate8%8%9%
Public transit Unreliable estimateUnreliable estimate2%3%
Walk or bike Unreliable estimateUnreliable estimate2%3%
Work from home Unreliable estimate7%18%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute Unreliable estimateUnreliable estimate20 to 29 minutes20 to 29 minutes

A household in Richlands has 2.25 people on average, about the same as in Tazewell County (2.33).

To get to work, 79% of workers in Richlands drive alone; in Tazewell County, 81%.

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 Richlands?

A typical home is tight for the typical income

We start with a typical home in Richlands, worth $111,000, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 29% of the typical household income in Richlands, which is $37,154 a year. For that payment to be 28% of income, a household would need to earn about $38,583 a year.

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

Your numbers

Local data
$

Starts at the typical home value in Richlands. 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 $3,885 (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

$900

at 7.18% · 30 years

Loan amount
$108,990
Total interest
$156,810
Paid off in
November 2056

Includes $1,875 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $867 a month

  • Tight

    $867 to $1,115 a month

    Your payment · 29%

  • Hard

    more than $1,115 a month

Compared with the typical household income in Richlands ($37,154 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$900
Principal & interest$738
Property tax$67
Home insurance$46
FHA mortgage insurance (MIP)$49

You need at least $3,885 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

Richlands and Tazewell County

Richlands is in Tazewell County, Virginia. 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).

Richlands's own numbers

Typical home value
$111,000
Typical monthly rent
$804
Typical yearly household income
$37,154
Households that own their home
64%
Effective property tax rate
0.72%

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

Numbers for all of Tazewell County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$943
Price change over 5 years (FHFA)
+35%
Homes in a high flood-risk zone
1.9%

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 Tazewell County.

Everything about Tazewell County

Buying

Buying a home in Richlands

A typical home in Richlands is worth $111,000: 6% below the county and 71% below Virginia. With the typical household income in Richlands ($37,154 a year), a typical home costs 3.0 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.

  • Richlands 3.0 years
  • Tazewell 2.5 years
  • Virginia 4.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Tazewell County

According to FHFA’s house price index, home prices in Tazewell County rose 45% in the 10 years through 2025.

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

Period County Virginia U.S.
Last year (2025) +6.9% +3.7% +2.9%
5 years (2020–2025) +35% +49% +47%
10 years (2015–2025) +45% +75% +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

Richlands next to Tazewell County, Virginia and the U.S.

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

Typical home value
  • Richlands $111,000
  • Tazewell $118,300
  • Virginia $383,700
  • United States $332,700
Typical monthly rent
  • Richlands $804
  • Tazewell $795
  • Virginia $1,579
  • United States $1,413
Typical yearly household income
  • Richlands $37,154
  • Tazewell $47,313
  • Virginia $93,170
  • United States $80,734
See the full table
Richlands next to Tazewell County and Virginia
Measure Richlands Tazewell County Virginia U.S.
Typical home value $111,000 $118,300 $383,700 $332,700
Typical monthly rent $804 $795 $1,579 $1,413
Typical yearly household income $37,154 $47,313 $93,170 $80,734
Households that own their home 64% 74% 67% 65%
Typical yearly property tax $796 $728 $2,790 $3,119
Effective property tax rate 0.72% 0.62% 0.73% 0.94%
Renters with high rent for their income 55% 43% 49% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Tazewell 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 Richlands

For a typical $111,000 home in Richlands, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Richlands's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $900a month

    Least cash to close
    Down payment
    $3,885
    Cash to close
    $7,215
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $49

  • Conventional, 5% down $880a month

    Down payment
    $5,550
    Cash to close
    $8,880
    Rate
    7.18%
    Mortgage insurance
    PMI · $53

  • Conventional, 20% down, no PMI $714a month

    Down payment
    $22,200
    Cash to close
    $25,530
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $817a month

    Down payment
    $16,650
    Cash to close
    $19,980
    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 Richlands and for Tazewell County.

Property tax

Effective rate in Richlands

0.72%of the home’s value each year

$796 a year for the typical owner in Richlands.

  • Richlands 0.72%
  • Tazewell 0.62%
  • Virginia 0.73%

What Virginia publishes Local exemption or deferral for people 65 and older or with disabilities (Virginia General Assembly (Code of Virginia))

Exemptions and deadlines in Virginia

Flood risk in Tazewell County

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

Homes in the high-risk zone
1.9%
370
Of those, with NFIP insurance
32%
County Virginia U.S.
Homes in the high-risk zone 1.9% 1.5% 3.5%
Of those, with NFIP insurance 32% 100% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Richlands

Typical rent in Richlands is $804 a month: about the same as the county. In Richlands, 55% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Tazewell County, by unit size. To pay the 2-bedroom one ($943 a month) without spending more than 30% of your income, you would need to earn $18.13 an hour working full time.

HUD fair market rent for all of Tazewell 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 $794 $15.27 $31,760
1 bedroom $798 $15.35 $31,920
2 bedrooms $943 $18.13 $37,720
3 bedrooms $1,154 $22.19 $46,160
4 bedrooms $1,266 $24.35 $50,640

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 Richlands

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Richlands is in ZIP code 24641.

For 2 bedrooms it is $990: $47 more than the fair market rent for Tazewell County ($943).

  • 24641 $990$1,210

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Richlands 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 Richlands

HUD lists 3 buildings with rents for lower incomes in Richlands. These are the largest.

  • Centennial Heights 212 Fairfax Ave, Richlands 24641 309 low-income homes · Run by Cumberland Plateau Regional Housing Authority · Average payment: $317 a month · Average wait: 9 months (276) 889-4910
  • Oxford Square 100 Oxford Sq, Richlands 24641 87 low-income homes · 1 bd: 31 · 2 bd: 56 · In service since 2007 · For families
  • Hunter's Ridge 100 Hunters Rdg, Richlands 24641 48 low-income homes · In service since 2009 · For families

See all 8 buildings in Tazewell County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Richlands

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 Tazewell County. The nearest ones are below; many serve by phone or online.

Two women and a girl laugh together at the bus stop.

HUD counseling is free or low-cost

Assistance programs in Richlands

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

Which programs do I qualify for? All programs in Virginia

  • Down Payment Assistance Grant

    Statewide in Virginia

    Virginia state agency down payment grant that you do not repay; for first-time buyers, or any buyer in economic opportunity zones, with a Virginia Housing mortgage. Offered by Virginia Housing (Virginia Housing Development Authority).

    Grant

    See the program Official page

  • Virginia Housing Plus Second Mortgage

    Statewide in Virginia

    Virginia Housing 30-year fixed-rate second mortgage of up to 5% of the price for the down payment (and part of the closing costs with a credit score of 680 or higher); for first-time buyers and for people who have owned a home before. Offered by Virginia Housing (Virginia Housing Development Authority).

    Type not stated

    See the program Official page

  • Closing Cost Assistance Grant

    Statewide in Virginia

    Virginia Housing grant that you do not repay, of up to 2% of the price, for the closing costs of buyers with a Virginia Housing RD (Rural Development) or VA loan. Offered by Virginia Housing (Virginia Housing Development Authority).

    Grant

    See the program Official page

Housing counselors near Richlands

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

  • People Incorporated of Virginia

    1173 W Main St, Abingdon · 29 miles away · Spanish

    • Mortgage delinquency and default
    • Homelessness services
    • and 3 more
    (276) 623-9000

  • Helping Overcome Poverty's Existence, Inc., (formerly Mountain Shelter, Inc.)

    680 W Main St, Wytheville · 41 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 9 more
    (276) 228-6280

  • Commonwealth Catholic Charities

    507 Park Avenue SW, Norton · 46 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 11 more
    (804) 285-5986

All counseling agencies in Virginia

Help in Spanish near Richlands

1 of the 3 agencies on this list says it serves 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 Richlands

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

All housing agencies in Virginia Source: HUD

Cities

Nearby cities

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

Everything about Tazewell County Housing in Virginia

Neighboring counties

If Tazewell 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 Richlands.

All guides
Three women of one family lean in together to stir the pan.

Questions

Housing questions about Richlands

Short answers with the numbers for Richlands and all of Tazewell 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 Richlands?

The typical home value in Richlands is $111,000, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Tazewell County it is $118,300.

How much does it cost to rent in Richlands?

Typical rent in Richlands is $804 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Tazewell County is $943.

What is the FHA loan limit in Richlands?

Richlands uses the FHA limit for all of Tazewell 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 Richlands?

The typical homeowner in Richlands pays $796 a year, according to the U.S. Census Bureau. That is 0.72% of the home’s value; in Tazewell County, the rate is 0.62%.

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

We found no HUD-approved counseling agencies with an office in Tazewell 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).