The housing market in Richfield, NY is thriving. The median value of a house in the town is $173,500, which is much lower than the US median of $338,100. In the past year, the appreciation rate for houses in Richfield has been at 11.97%, which is higher than the national average of 8.27%. This demonstrates that Richfield is a desirable place to own property and an attractive option for potential homebuyers. With its relatively low housing prices and high appreciation rate, Richfield could be an excellent investment opportunity for those looking to buy a home.
The median home cost in Richfield is $173,500. Home appreciation the last 10 years has been 74.7%. Home Appreciation in Richfield is up 15.8%.
Average Age of Homes
- The median age of Richfield real estate is 78 years old
The Rental Market in Richfield
- Renters make up 17.8% of the Richfield population
- 1.0% 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.