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Richland County, SC

RANK #544 / 996  ·  POP 416,161  ·  SC

PROJECTED GROWTH: +0.5%

Richland County shows below-average economic momentum. Growth signals are flat or softening.

[01] Why Richland County?

Richland County, South Carolina, is defined by its central location in the state and its county seat, Columbia, which serves as the state capital. The county is bisected by Interstates 20, 26, and 77, facilitating commutes within the region and to nearby areas. The Broad and Saluda rivers converge here to form the Congaree River, contributing to the area's natural landscape. Outdoor enthusiasts can explore Congaree National Park, known for its old-growth bottomland hardwood forest, along with Harbison State Forest and Sesquicentennial State Park. The community offers a mix of urban amenities in Columbia and more rural settings in towns like Blythewood and Eastover.

Life in Richland County attracts a mix of families and young professionals, with public schools generally performing above average. Commute options include personal vehicles and public transit provided by The COMET, which operates bus routes throughout Richland and parts of Lexington counties. The economy is experiencing growth, with recent investments in commercial and residential development, as well as the manufacturing and energy sectors. The presence of the University of South Carolina and Fort Jackson, a major U.S. Army training base, also contribute to the local economy and community.

[02] Market Snapshot

Housing Ratio
2.9x

Undervalued relative to economy

GDP Growth
+4.4%

Well above national median

Home Prices
+1.3%

Below national median

Climate & Terrain
0.6

Moderate climate & terrain

Price/Rent
11x

Strong rental yield

Housing looks undervalued at 2.9x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Richland County U.S. National

The Numbers

DEMOGRAPHICS
Population
416,161
+0.35% YoY
Median Household Income
$59,850
Median Home Value
$201,200
+1.27% 12mo
Median Rent
$1,142
Average Annual Pay
$62,784
+3.8% YoY
Employment
227,771
+1.7% YoY
Income-to-Home-Value
0.2975
More affordable than average
Migration Inflow
5.17%
of pop. from another state

Market Activity

REAL ESTATE
Building Permits (2024)
3,469
Single-Family Permits
2,154

[05] Capital Investment

$2,962M
TOTAL
PROJECT AMOUNT STATUS
Scout Motors Manufacturing Plant
Scout Motors
$2,000M Planned
Project West Manufacturing Facility
Undisclosed (Project West)
$400M Proposed
Cirba Solutions Lithium-ion Battery Recycling and Materials Campus
Cirba Solutions
$300M Under Construction
Pontiac Solar Farm
Pontiac Solar LLC
$112M Planned
Eastover Solar Farm
Eastover Solar (Community Energy)
$80M Operating
Affordable Housing Communities (Oak Grove at Hunt Club & Willowbrook)
Columbia Housing Authority
$70M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +4.4% 77 percentile
Population Growth +0.3% 45 percentile
Income Growth +6.6% 14 percentile
Vacancy Rate 1.6% 20 percentile
Home Price Change +1.3% 49 percentile
Rent Growth +3.3% 55 percentile
Price/Rent 11x 80 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Richland County, SC a good place to move to?

Richland County has a Boom Town Index score of 45/100, ranking #544 among 996 U.S. counties. With job growth at +1.7% and a median household income of $59,850, it faces some economic headwinds compared to faster-growing counties.

Is Richland County affordable?

The median home value in Richland County is $201,200 with median rent at $1,142/month. The income-to-home-value ratio is 0.2975, which is more affordable than the national average.

Is Richland County growing or shrinking?

Population growth: +0.3% year-over-year. Job growth: +1.7%. Home values changed +1.3% in the past 12 months.

Are people moving to Richland County?

Yes — 5.17% of Richland County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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