Richland, WA landlord and rental property insurance

Richland is home to roughly 64,372 people in Benton County, and about 36% of its 25,216 occupied homes are rented rather than owner-occupied, close to the Washington rate of 36%. That mix shapes who is buying landlord coverage here and what underwriters expect to see.

Richland rental housing by the numbers

Data: Census ACS 5-year estimates for 2020–2024 via Census Reporter, and Census Vintage 2024 population estimates.

Insured value and premium context in Richland

Homes in Richland carry a median value near $436,700 according to the Census, compared with $564,600 statewide. Because land is never rebuilt, many owners find their rebuild estimate differs from that figure in either direction.

For context, the NAIC reported that Washington dwelling-fire policies insuring $400,000 to $449,999 averaged $977 a year in 2023, against a statewide dwelling-fire average of $886. Those are owner-occupied dwelling-form figures, not landlord quotes.

Loss-of-rents planning in Richland

Median gross rent in Richland is about $1,468 a month. A year of lost rent at that level is roughly $17,616 per unit, a useful yardstick when you choose fair rental value coverage.

Older vs. newer rentals in Richland

Half of Richland's homes were built before 1988 and half after. Polybutylene supply lines were installed in some homes from the late 1970s to mid-1990s, and insurers may ask whether they have been replaced.

Types of rental property in Richland

Roughly 67% of Richland homes are single-family, 8% sit in small 2–4 unit buildings, and 22% are in larger apartment buildings. Owners of up to four units can generally use a dwelling fire policy.

Richland next to other Washington rental cities

Nearby Kennewick reports 39% renter households and a $370,700 median home value, so proportionally more renters than Richland. Seattle has a renter share of 56% with homes valued around $938,600 at the median. Nearby Spokane reports 41% renter households and a $363,500 median home value, so proportionally more renters than Richland. Among the 30 largest Washington cities we profile, Richland ranks 24 for renter share. Buildings with five or more units hold about 22% of Richland's homes; those generally need commercial apartment coverage rather than dwelling forms.

Richland weather exposures that affect landlord claims

Typical Washington property risks such as freezing pipes during cold snaps and winter windstorms and heavy rain west of the Cascades affect owners in Richland and the rest of Benton County. Flood and earthquake are excluded from standard dwelling forms and need their own coverage.

Hazard themes reflect FEMA’s National Risk Index and NOAA’s Storm Events Database; check the index for your specific county.

Getting a landlord quote in Richland

• How much liability and lost rent you want covered
• Street address in Richland and number of units
• When the building went up and when the roof was last replaced
• Lease type and whether the unit is ever empty
• Electrical, plumbing, and heating update years
• Prior carrier, expiration date, and five-year loss history
• Who holds the loan, for the mortgagee clause

Request a Richland landlord quote

Richland landlord insurance questions

Other Washington cities

• Kennewick
• Seattle
• Spokane
• Tacoma
• Vancouver
• Bellevue
• Kent
• Everett

Landlord insurance in Washington · Cost by state

Last updated October 15, 2026. Sources and method: how we research.