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These days, finding an affordable place to live in the Richfield area can be challenging. Home prices in Richfield are now at a median cost of $464,361, higher than the Ohio average of $236,816.
The average cost of rent is $1,562/mo in Richfield, primarily driven by the current value of real estate in the Richfield area. In Richfield, 9.86% of households rent, and 43.77% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Richfield is $10,161 per month. Households that rent pay about 15.37% of their income on rent here. Richfield’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- West Richfield, OH: higher priced homes
- Everett, OH: less expensive homes
- Hinckley, OH: equally priced homes
- Brecksville, OH: less expensive homes
- Montrose-Ghent, OH: higher priced homes
- Peninsula, OH: less expensive homes
- Broadview Heights, OH: less expensive homes
- Boston Heights, OH: equally priced homes
- Granger, OH: equally priced homes
- Fairlawn, OH: less expensive homes
Cities with Similar Populations
- Oronoco, MN: higher priced homes
- Paris, AR: less expensive homes
- Pardeeville, WI: less expensive homes
- Paradise, TX: less expensive homes
- Paintsville, KY: less expensive homes
- Oxford, ME: less expensive homes
- Oxford, FL: equally priced homes
- Owings, MD: higher priced homes
- Ovilla, TX: less expensive homes
- Ottawa Hills, OH: less expensive homes
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