Similar to other places in this area, it is a bit more expensive compared to the US as a whole. However compared to the city of Dallas, it's a lot more expensive.
Home prices
The median home price in Richardson is $274,200. Compared to the surrounding areas it is roughly $7,680 (2%) lower.It is roughly $56,700 (26%) higher in comparison to the rest of the country, and compared to the city of Dallas it is approximately $86,100 (45%) higher.
Rents
Richardson's median monthly rent is $1,403. In comparison to its surrounding areas it is roughly $99 (6%) lower.In comparison to the rest of the country it is about $341 (32%) higher, and is about $351 (33%) higher in comparison to the city of Dallas.
Nearby places
Garland
Garland is Richardson's neighbor to the southeast. Its real estate prices are a lot less expensive. The median home in Garland costs $160,800, which is $113,400 (70%) lower than Richardson. The rent there is a bit less expensive. The median rent in Garland is $1,133 a month, which works out to $270 (23%) lower than Richardson.
Murphy
Murphy is Richardson's neighbor to the northeast. Its housing prices are a little more expensive. The median home in Murphy costs $351,400, which comes out to $77,200 (21%) higher than Richardson. Its rents are a lot more expensive. In Murphy the median monthly rent is $2,119, which comes out to $716 (33%) higher than Richardson.
Plano
Plano is Richardson's neighbor to the north. Real estate prices there are somewhat more expensive. The median home in Plano costs $320,100, which works out to $45,900 (14%) higher than Richardson. Rent there is fairly similar. Plano's median rent is $1,418 a month, which comes out to $15 (1%) higher than Richardson.
Sachse
Sachse is Richardson's neighbor to the east. Housing prices there are a bit less expensive. The value of the median home in Sachse is $241,800, which comes out to $32,400 (13%) lower than Richardson. The rent there is somewhat more expensive. Sachse's median monthly rent is $1,486, which works out to $83 (5%) higher than Richardson.
Addison
Addison is about 6 miles west from Richardson. Its housing prices are a bit more expensive. The median home in Addison costs $335,300, which is $61,100 (18%) higher than Richardson. Rent there is fairly similar. The median rent in Addison is $1,354 a month, which works out to $49 (3%) lower than Richardson.
