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Richfield Springs, NY

Full City Profile · New York · Montgomery County County

3.1 /5.0
B Good
1,096 Population 1,085/sq mi density
$55,417 Median Income $29,420 per capita
$132,500 Home Value $197,941 Zillow
$759 Median Rent 35.3% income on rent
43°F Avg Temperature 246 sunny days/yr
185 Violent Crime/100K 2,503 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.4 / 5.0
$55,417 median income, 0.7% unemployment
A+
Affordability
5.0 / 5.0
$132,500 home value, $759/mo rent
F
Safety
1.0 / 5.0
185 violent crimes/100K
C+
Education
2.9 / 5.0
23.4% bachelor's degree or higher

Housing Overview

Median Home Value
$132,500
53% below
US avg: $281,900
Median Rent
$759/mo
35% below
US avg: $1,163/mo
Homeownership Rate
69.9%
7% above US avg (65.4%)
Total Housing Units
496
Median year built: 1938

Home Value by Source

Census Median
$132,500
Zillow (ZHVI)
$197,941
Median Sale Price
$87,500
Median List Price
$69,900
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

69.9%
Owner-Occupied
30.1%
Renter-Occupied
70%
30%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$1,215/mo
1 Bedroom
$1,315/mo
2 Bedroom
$1,579/mo
3 Bedroom
$1,976/mo
4 Bedroom
$2,193/mo
Census median rent: $759/mo

Market Indicators (Redfin)

Median Days on Market
175 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
1
Price Drops
40.0%
of listings with price reduction
Price Per Sq Ft
$114
Active Inventory
5
homes for sale

Affordability & Housing Stock

Rent Burden
35.3%
of renters spending 30%+ of income on housing
14% above US avg (31.0%)
Median Year Built
1938
Average age of housing stock: 88 years
Homeownership Rate
69.9%

Complete Housing Data

Home Values

Census Median Value$132,500
Zillow Home Value (ZHVI)$197,941
Median Sale Price$87,500
Median List Price$69,900
Price Per Sq Ft$114

Rent

Census Median Rent$759
FMR Studio$1,215
FMR 1-Bedroom$1,315
FMR 2-Bedroom$1,579
FMR 3-Bedroom$1,976
FMR 4-Bedroom$2,193

Market

Days on Market175
Sale-to-List Ratio1.0%
Price Drops40.0%
Homes Sold1
Active Inventory5
Price Per Sq Ft$114

Ownership & Stock

Owner-Occupied69.9%
Renter-Occupied30.1%
Homeownership Rate69.9%
Total Housing Units496
Median Year Built1938
Rent Burden35.3%