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These days, finding an affordable place to live in the Richfield Center area can be challenging. Home prices in Richfield Center are now at a median cost of $233,919, lower than the Michigan average of $250,415.
The average cost of rent is $1,202/mo in Richfield Center, primarily driven by the current value of real estate in the Richfield Center area. In Richfield Center, 10.35% of households rent, and 40.74% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Richfield Center is $6,908 per month. Households that rent pay about 17.39% of their income on rent here. Richfield Center’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Russellville, MI: less expensive homes
- Davison, MI: equally priced homes
- Otisville, MI: less expensive homes
- Genesee, MI: less expensive homes
- Columbiaville, MI: equally priced homes
- Lapeer, MI: equally priced homes
- Thetford Center, MI: less expensive homes
- Burton, MI: less expensive homes
- Otter Lake, MI: less expensive homes
- Mount Morris, MI: less expensive homes
Cities with Similar Populations
- Appleton, MN: less expensive homes
- Bay City, OR: higher priced homes
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- Blackduck, MN: less expensive homes
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- Blossom, TX: less expensive homes
- Carson, VA: higher priced homes
- Clear Lake, SD: less expensive homes
- Sherwood, OH: less expensive homes
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