Richfield Springs, NY—13439
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Richfield Springs, NY
As of Oct '25, the median home price in Richfield Springs, NY is $213,000, with a year-over-year change of -0.9%. This indicates that home prices in Richfield Springs, NY are flat. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $213,000 | -0.9% |
| Single Family | $214,000 | -0.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $221,000 | 1.4% |
3 Bed | $212,000 | -1.4% |
4 Bed | $226,000 | 0.0% |
| 5 Bed | $267,000 | 2.7% |
% of Housing Stock
Rental Trends — Richfield Springs, NY
Richfield Springs, NY lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $3,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $3,000 | $3,000 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Richfield Springs, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Richfield Springs, NY is 60. This is a increase of 39.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $325,000 | 34.0% |
Listing Count | 38 | 31.0% |
| Listings as % of Homes | 0.7% | 31.0% |
Days on Market | 60 | 39.0% |
Demographics — Richfield Springs, NY
As of the latest ACS Survey released in 2023, Richfield Springs, NY has a population of 3,670, which has increased by 4.2% over the past 5 years. Richfield Springs, NY is a moderately popular place for families, as children make up 22.2% of the population. The area has a moderately educated workforce, with 29.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,670 | 4.2% |
% Under 18 | 22.2% | 18.7% |
% Seniors | 19.0% | -1.0% |
% WFH | 11.8% | 110.7% |
% w/ College Degree | 29.9% | 54.9% |
As of the latest ACS Survey released in 2023, Richfield Springs, NY is a predominantly white area, with 95.2% of the population identifying as white. The white population has shrunk by 2.3% in the last 5 years. The second most common race or ethnicity in Richfield Springs, NY is hispanic, making up 1.9% of the population. Foreign-born residents account for 1.9% of the population in Richfield Springs, NY, and this percentage has decreased by 20.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 95.2% | -2.3% |
% Black | 0.4% | -50.0% |
% Hispanic | 1.9% | 90.0% |
% Asian | 0.7% | 0.0% |
% Foreign Born | 1.9% | -20.8% |
Mortgage and Risk — Richfield Springs, NY
According to HUD data as of 2023, there were 23 mortgage originations in Richfield Springs, NY, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Richfield Springs, NY. Investor activity is low, as 0.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 23 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 0.0% |
% Second Loans | 9.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Richfield Springs, NY
Richfield Springs, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 30 |
Total Units Section 8 | 30 |
% Rentals under Section 8 | 11.0% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $830 |
| 2 Bedroom | N/A | N/A | $1,030 |
| 3 Bedroom | -$1,760 | $3,000 | $1,240 |
| 4 Bedroom | N/A | N/A | $1,390 |
Affordability — Richfield Springs, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $213,000 |
| Median Household Income | $63,700 |