Richardson Home Prices: $459K, Down 2.6% — 3 ZIPs Analyzed (2026)
Prices dropped for the tenth straight month in Richardson. The typical home here now costs $458,860 — down 2.6% from a year ago. That slide has been gradual, not dramatic, but the direction is clear.
Quick answer: The average home price in Richardson, TX is $458,860 as of February 2026, down 2.6% year over year according to Zillow.
Current Home Prices in Richardson
Richardson sits in the Dallas-Fort Worth-Arlington metro, one of the largest housing markets in Texas. Here’s where prices stand right now.
| Metric | Value |
|---|---|
| Median Home Price | $458,860 |
| Year-over-Year Change | -2.6% |
| Lowest Price (ZIP 75081) | $385,227 |
| Highest Price (ZIP 75082) | $545,882 |
| Number of ZIP Codes | 3 |
| Data as of | February 2026 |
The $458,860 median puts Richardson above the typical Texas city but well within range for the DFW metro. That 2.6% annual decline translates to roughly $12,000 off the price tag compared to a year ago.
The gap between the cheapest and most expensive ZIP codes is $160,655. That’s a wide spread for a city with only three ZIP codes, meaning your neighborhood choice matters a lot here. A buyer in 75081 pays 29% less than one in 75082 for a home in the same city.
Richardson Home Prices by Neighborhood
All three Richardson ZIP codes and their current home values:
| ZIP Code | Median Home Value | Monthly Rent |
|---|---|---|
| 75080 | $445,471 | $1,737 |
| 75081 | $385,227 | $1,617 |
| 75082 | $545,882 | $1,686 |
Most Expensive
75082 tops the list at $545,882 — nearly 19% above the city average. Despite having the highest home prices, rents here ($1,686) actually run lower than in 75080, which suggests stronger owner-occupancy rates.
Most Affordable
75081 is the entry point into Richardson at $385,227, about 16% below the citywide median. It also has the lowest rents at $1,617/month, making it the most budget-friendly ZIP code whether you’re buying or renting.
The middle ground is 75080 at $445,471. It carries the highest rents of the three at $1,737/month — an odd inversion that may reflect rental demand in that particular area outpacing home values.
Rent vs Buy in Richardson
The rent-or-buy math in Richardson tilts heavily toward renting right now.
The average rent across Richardson’s three ZIP codes is approximately $1,680 per month. A mortgage on the median-priced home tells a different story.
| Cost Component | Monthly Amount |
|---|---|
| Average Rent | ~$1,680 |
| Mortgage (20% down, 7%, 30-yr) | ~$2,442 |
| Difference | ~$762 |
Put 20% down on a $458,860 home and finance the remaining $367,088 at 7%. Your principal and interest payment alone runs about $2,442 per month. That’s before property taxes, insurance, and maintenance.
Texas has no state income tax but property taxes are among the highest in the country. Add roughly 2% in property tax and your total monthly housing cost as an owner could exceed $3,200.
At $762 per month cheaper before taxes, renting gives you room to invest the difference. Buying makes more sense if you plan to stay five-plus years and expect prices to recover — or if you value the stability of a fixed payment.
Population Growth and Migration
Richardson is losing residents, slowly.
| Year | Population |
|---|---|
| 2020 | 119,308 |
| 2021 | 118,134 |
| 2022 | 119,192 |
| 2023 | 118,626 |
| 2024 | 118,221 |
The city’s population fell 0.9% over four years, from 119,308 to 118,221. That’s a net loss of about 1,087 people. The trend isn’t a straight line — 2022 saw a rebound to 119,192 — but the overall direction is down.
Compare that to other Texas cities:
| City | 2024 Population | 4-Year Growth |
|---|---|---|
| Fort Worth | 1,008,106 | +9.1% |
| San Antonio | 1,526,656 | +6.1% |
| Lubbock | 272,086 | +5.4% |
| Houston | 2,390,125 | +4.0% |
| Austin | 993,588 | +2.9% |
| Richardson | 118,221 | -0.9% |
Every major Texas city on this list is growing. Richardson is the outlier. As a mature, built-out suburb, it doesn’t have the vacant land for large-scale development. That limits population growth but also constrains new housing supply — a factor that could put a floor under prices.
Richardson Housing Market Trends
Here’s how the median home price has moved over the past twelve months:
| Month | Median Price | Low (ZIP) | High (ZIP) |
|---|---|---|---|
| Mar 2025 | $470,888 | $395,610 | $569,555 |
| Apr 2025 | $467,970 | $392,425 | $566,798 |
| May 2025 | $464,746 | $388,930 | $563,271 |
| Jun 2025 | $461,528 | $385,883 | $559,227 |
| Jul 2025 | $458,701 | $383,487 | $554,894 |
| Aug 2025 | $457,130 | $382,255 | $552,255 |
| Sep 2025 | $456,942 | $382,106 | $551,364 |
| Oct 2025 | $457,477 | $382,601 | $551,071 |
| Nov 2025 | $458,201 | $383,611 | $550,170 |
| Dec 2025 | $459,028 | $384,833 | $549,196 |
| Jan 2026 | $459,255 | $385,479 | $547,637 |
| Feb 2026 | $458,860 | $385,227 | $545,882 |
The story splits into two halves. From March through September 2025, prices fell steadily — dropping about $14,000 in six months. Then something shifted. October through January showed a mild rebound, with the median ticking up from $456,942 to $459,255. February dipped slightly again.
The high-end ZIP (75082) has declined every single month in this data set, falling from $569,555 to $545,882. The affordable end (75081) bottomed out around September 2025 and has been roughly flat since.
Is Richardson a Good Place to Buy in 2026?
The numbers point to a buyer-friendly market — with caveats.
Prices are down 2.6% year over year. The decline has moderated in recent months, but sellers are still making concessions compared to early 2025. If you’ve been priced out before, your dollar goes further now.
Richardson has real structural advantages. It’s home to the Telecom Corridor, a major employment center. The Richardson ISD is well-regarded. UTD sits just north. These factors create consistent demand.
The risk: prices haven’t found a clear bottom yet. The February dip after a brief rebound suggests the market is still searching for equilibrium. If you’re buying to live in for seven or more years, the current dip looks like a reasonable entry point. If you’re looking for a quick flip, the data doesn’t support that bet.
Richardson Housing Market Outlook for 2026-2027
The three-month trend from December 2025 through February 2026 shows prices essentially flat — moving less than $400 in either direction. That sideways motion suggests the steep declines of mid-2025 are over.
If the current pace continues, expect Richardson home prices to hover in the $455,000 to $462,000 range through summer 2026. The high-end ZIP 75082 may continue to soften, while 75081 appears to have stabilized.
The wildcard is mortgage rates. Any meaningful drop below 7% could reignite demand in a market where buyers are clearly waiting on the sidelines. Without that catalyst, Richardson is likely in for a year of flat-to-slightly-declining prices.
Similar Markets in TX
If you’re considering Richardson, these Texas markets are worth comparing:
- Dallas — Richardson’s immediate neighbor and the core of the metro. Offers more variety in price ranges.
- Katy — A popular Houston suburb with strong schools, similar suburban appeal at different price points.
- Sugar Land — Another well-regarded Texas suburb with a comparable buyer profile.
- Grand Prairie — Located between Dallas and Fort Worth, typically more affordable than Richardson.
- Spring — North Houston suburb that attracts families looking for newer construction.
Frequently Asked Questions
What is the average home price in Richardson?
The average home price in Richardson is $458,860 as of February 2026. That figure represents the citywide median across three ZIP codes. Prices range from $385,227 in the most affordable ZIP (75081) to $545,882 in the most expensive (75082).
Are home prices going up or down in Richardson?
Down. Richardson home prices have fallen 2.6% year over year. The decline started in early 2025, with prices dropping from $470,888 in March 2025 to $458,860 by February 2026. The rate of decline has slowed in recent months.
Is it cheaper to rent or buy in Richardson?
Renting is cheaper by a significant margin. The average rent in Richardson is about $1,680 per month. A mortgage on the median-priced home with 20% down at 7% interest costs approximately $2,442 per month in principal and interest alone — before property taxes, insurance, and maintenance.
What is the most affordable neighborhood in Richardson?
ZIP code 75081 has the lowest home prices at $385,227, which is 16% below the city median. It also has the lowest average rent at $1,617 per month. This is the most accessible entry point for buyers looking to get into Richardson.
Methodology
Home values are based on the Zillow Home Value Index (ZHVI), a smoothed measure of typical home values in the 35th to 65th percentile range. Rent estimates use the Zillow Observed Rent Index (ZORI). Population figures come from the U.S. Census Bureau Population Estimates Program (2020-2024 vintage). All datasets are publicly available. Housing data updated 2026-02-28.