Home Values in North Richland Hills, Texas — 2026 Market Report
Updated March 2026 | Balanced Market | +5.8% YoY
The median home value in North Richland Hills, Texas is $295,000 as of March 2026, which is below the national median of $400,000. Home values in North Richland Hills have increased by 5.8% over the past year and 32.6% over the last five years. With a population of 70,250 and a median household income of $68,250, the price-to-income ratio stands at 4.3x, making North Richland Hills affordable for the average household.
North Richland Hills Housing Market Conditions
| Metric | North Richland Hills | National Avg |
|---|---|---|
| Median Home Value | $295,000 | $400,000 |
| YoY Appreciation | +5.8% | +3.8% |
| 5-Year Appreciation | +32.6% | +22.4% |
| Price per Sq Ft | $129 | $222 |
| Days on Market | 37 days | 45 days |
| Months of Supply | 4.6 | 3.5 |
| List-to-Sale Ratio | 100.4% | 98.5% |
| Monthly Homes Sold | 62 | — |
| Foreclosure Rate | 0.65% | 0.3% |
Home Value Trends in North Richland Hills
A homeowner who purchased at the median price of $222,474 five years ago in North Richland Hills would have gained approximately $72,526 in equity, representing a 32.6% return on investment. Over the past year alone, the typical homeowner gained $16,172 in home equity.
Affordability in North Richland Hills, TX
With a median household income of $68,250 and a median home price of $295,000, the price-to-income ratio in North Richland Hills is 4.3x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $2,099 compared to estimated monthly ownership costs of $1,844 gives a rent-vs-buy ratio of 0.88. In North Richland Hills, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in North Richland Hills
The effective property tax rate in Texas is 1.8%. On a home valued at $295,000, the estimated annual property tax bill is $5,310, or approximately $443/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in North Richland Hills is 92.5 (100 = national average), indicating living costs are below the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in North Richland Hills, TX?
The median home value in North Richland Hills, Texas is $295,000 as of March 2026. Home values have changed +5.8% over the past year, with a 5-year appreciation of 32.6%.
Is North Richland Hills a buyer's or seller's market?
North Richland Hills is currently a balanced market with 4.6 months of housing supply. Homes spend an average of 37 days on market, and the list-to-sale price ratio is 100.4%. Supply and demand are relatively balanced.
Are home values going up in North Richland Hills?
Yes, home values in North Richland Hills have increased by 5.8% over the past year. The 5-year appreciation rate is 32.6%, meaning a home worth $222,474 five years ago is now worth $295,000.
Is it better to rent or buy in North Richland Hills?
The average monthly rent in North Richland Hills is $2,099, while estimated monthly homeownership costs are approximately $1,844. The price-to-rent ratio is 11.7. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for North Richland Hills, Texas is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.