The housing market in Richfield, ID has been booming recently with a median house value of $238,600. This is significantly lower than the US median house value of $338,100, making Richfield an attractive option for those looking to purchase a home. Over the past year, house values in Richfield have appreciated by 13.72%, much higher than the average US appreciation rate of 8.27%. With this combination of a lower cost of living and rapid appreciation potential, Richfield is quickly becoming an ideal destination for those looking to buy a home.
The median home cost in Richfield is $238,600. Home appreciation the last 10 years has been 167.8%. Home Appreciation in Richfield is up 21.1%.
Average Age of Homes
- The median age of Richfield real estate is 45 years old
The Rental Market in Richfield
- Renters make up 18.0% of the Richfield population
- 2.2% of houses and apartments in Richfield, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.