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Richfield, OH

Full City Profile · Ohio · Summit County County

4.1 /5.0
A Great
3,711 Population 401/sq mi density
$78,426 Median Income $63,785 per capita
$292,000 Home Value $474,954 Zillow
$1,019 Median Rent 21.3% income on rent
52°F Avg Temperature 275 sunny days/yr
A
Overall
4.1 / 5.0
Strong
A+
Economy
4.6 / 5.0
$78,426 median income, 0.7% unemployment
A+
Affordability
4.6 / 5.0
$292,000 home value, $1,019/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
A+
Education
4.7 / 5.0
45.7% bachelor's degree or higher

Housing Overview

Median Home Value
$292,000
4% above
US avg: $281,900
Median Rent
$1,019/mo
12% below
US avg: $1,163/mo
Homeownership Rate
90.9%
39% above US avg (65.4%)
Total Housing Units
1,636
Median year built: 1972

Home Value by Source

Census Median
$292,000
Zillow (ZHVI)
$474,954
Median Sale Price
$331,650
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

90.9%
Owner-Occupied
9.1%
Renter-Occupied
91%
9%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$816/mo
1 Bedroom
$873/mo
2 Bedroom
$1,092/mo
3 Bedroom
$1,388/mo
4 Bedroom
$1,550/mo
Census median rent: $1,019/mo

Market Indicators (Redfin)

Median Days on Market
26 days
Sale-to-List Ratio
0.0%
Buyers market
Homes Sold
1
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$226
Active Inventory
2
homes for sale

Affordability & Housing Stock

Rent Burden
21.3%
of renters spending 30%+ of income on housing
31% below US avg (31.0%)
Median Year Built
1972
Average age of housing stock: 54 years
Homeownership Rate
90.9%

Complete Housing Data

Home Values

Census Median Value$292,000
Zillow Home Value (ZHVI)$474,954
Median Sale Price$331,650
Price Per Sq Ft$226

Rent

Census Median Rent$1,019
FMR Studio$816
FMR 1-Bedroom$873
FMR 2-Bedroom$1,092
FMR 3-Bedroom$1,388
FMR 4-Bedroom$1,550

Market

Days on Market26
Sale-to-List Ratio0.0%
Price Drops0.0%
Homes Sold1
Active Inventory2
Price Per Sq Ft$226

Ownership & Stock

Owner-Occupied90.9%
Renter-Occupied9.1%
Homeownership Rate90.9%
Total Housing Units1,636
Median Year Built1972
Rent Burden21.3%