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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 $331,951, lower than the Utah average of $525,914.
The average cost of rent is $822/mo in Richfield, primarily driven by the current value of real estate in the Richfield area. In Richfield, 32.47% of households rent, and 39.38% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Richfield is $6,379 per month. Households that rent pay about 12.89% of their income on rent here. Richfield’s most expensive areas are in the southwestern 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
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Cities with Similar Populations
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