Richfield, NC—28137
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Richfield, NC
As of Oct '25, the median home price in Richfield, NC is $310,000, with a year-over-year change of 0.1%. This indicates that home prices in Richfield, NC are flat. According to Zillow, the 1-year price projection is 3.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $310,000 | 0.1% |
| Single Family | $310,000 | 0.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $230,000 | 1.3% |
3 Bed | $316,000 | 1.0% |
4 Bed | $449,000 | 2.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Richfield, NC
Richfield, NC lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,750 | $1,750 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,750 | $1,750 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Richfield, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Richfield, NC is 113. This is a increase of 27.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $378,000 | -31.0% |
Listing Count | 13 | 100.0% |
| Listings as % of Homes | 0.4% | 100.0% |
Days on Market | 113 | 27.0% |
Demographics — Richfield, NC
As of the latest ACS Survey released in 2023, Richfield, NC has a population of 2,620, which has decreased by -19.4% over the past 5 years. Richfield, NC is a moderately popular place for families, as children make up 23.9% of the population. The area has a poorly educated workforce, with 22.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,620 | -19.4% |
% Under 18 | 23.9% | 18.9% |
% Seniors | 17.6% | -3.8% |
% WFH | 7.3% | 21.7% |
% w/ College Degree | 22.7% | 29.7% |
As of the latest ACS Survey released in 2023, Richfield, NC is a predominantly white area, with 92.6% of the population identifying as white. The white population has grown by 8.9% in the last 5 years. The second most common race or ethnicity in Richfield, NC is black, making up 2.5% of the population. Foreign-born residents account for 0.8% of the population in Richfield, NC, and this percentage has decreased by 76.5% 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 | 92.6% | 8.9% |
% Black | 2.5% | -45.7% |
% Hispanic | 2.4% | -27.3% |
% Asian | 2.1% | -67.7% |
% Foreign Born | 0.8% | -76.5% |
Mortgage and Risk — Richfield, NC
According to HUD data as of 2023, there were 87 mortgage originations in Richfield, NC, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Richfield, NC. Investor activity is low, as 0.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 87 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Richfield, NC
Richfield, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $940 |
| 2 Bedroom | N/A | N/A | $1,210 |
| 3 Bedroom | -$110 | $1,750 | $1,640 |
| 4 Bedroom | N/A | N/A | $2,010 |
Affordability — Richfield, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $310,000 |
| Median Household Income | $71,900 |