How much do homeowners pay a month in the Village of Richfield Springs, NY?

Name: Homeowner costs in the Village of Richfield Springs, NY, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

Homeowners with a mortgage in the Village of Richfield Springs, NY pay a median of $1,003 (±$140) a month in selected owner costs (2020–2024 American Community Survey).

Owners without a mortgage pay $520 (±$73).

36.6% of owned homes carry a mortgage.

In the Village of Richfield Springs, the median monthly cost with a mortgage went from $1,188 in 2015–2019 to $1,003 in 2020–2024 (−15.6%).

Prices (CPI-U) rose 22.7% over the same years, so it fell after inflation as well.

Figures last updated on November 12, 2026.

With a mortgage: $1,003 (±$140)
Without a mortgage: $520 (±$73)
Owned with a mortgage: 36.6%

Monthly owner costs in the Village of Richfield Springs

Median selected monthly owner costs, estimate (90% margin of error)
	Village of Richfield Springs	Otsego County	New York	United States
With a mortgage	$1,003 (±$140)	$1,568 (±$51)	$2,555 (±$9)	$1,963
Without a mortgage	$520 (±$73)	$571 (±$17)	$958 (±$5)	$638
Owned homes with a mortgage	36.6% (±13.4 points)	49.4% (±1.7 points)	57.8% (±0.2 points)	60.6%
Median real estate taxes (a year)	$2,045 (±$441)	$3,041 (±$129)	$6,582 (±$21)	$3,119

Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.

In the Village of Richfield Springs, the median cost with a mortgage is lower than in Otsego County ($1,568).

It is also lower than in New York ($2,555).

It is lower than the national figure ($1,963).

In Otsego County, the Village of Richfield Springs ranks 8 of 8 places with a published estimate, from highest to lowest median monthly cost with a mortgage.

Statewide, it ranks 518 of 528.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How owner costs in the Village of Richfield Springs have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median owner cost with a mortgage	$1,188 (±$73)	$1,003 (±$140)	−15.6%	Down after inflation
Median real estate taxes	$2,603 (±$811)	$2,045 (±$441)	−21.4%	Down after inflation
Median home value	$108,100 (±$18,106)	$132,400 (±$16,205)	+22.5%	No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median monthly cost with a mortgage in places near the Village of Richfield Springs

Nearest places with a published estimate, compared with the Village of Richfield Springs
Place	Distance	Median monthly cost with a mortgage	Compared with this place
Village of Richfield Springs	—	$1,003 (±$140)	—
Town of Richfield	3.1 mi	$1,352 (±$498)	Not measurably different
Town of Warren	4.0 mi	$1,675 (±$302)	Higher
Town of Exeter	6.0 mi	$1,829 (±$58)	Higher
Town of Columbia	6.0 mi	$1,647 (±$349)	Higher
Town of Springfield	6.2 mi	$1,625 (±$910)	Not measurably different
Town of Otsego	6.6 mi	$1,805 (±$239)	Higher
Town of German Flatts	9.0 mi	$1,100 (±$90)	Not measurably different
Town of Winfield	9.6 mi	$1,220 (±$104)	Higher

Nearby places with a measurably higher figure: Town of Warren, NY ($1,675), Town of Exeter, NY ($1,829), Town of Columbia, NY ($1,647).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median monthly cost with a mortgage across Otsego County, place by place

Rank	Place	Median monthly cost with a mortgage
2	Village of Cherry Valley	$1,768 (±$380)
3	Village of Otego	$1,520 (±$218)
4	Village of Milford	$1,469 (±$137)
5	Village of Gilbertsville	$1,384 (±$211)
6	Village of Unadilla	$1,314 (±$126)
7	Village of Laurens	$1,149 (±$65)
8	Village of Richfield Springs	$1,003 (±$140)

Showing 7 of 8 places in Otsego County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Village of Richfield Springs

What is the average mortgage payment in the Village of Richfield Springs?

The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in the Village of Richfield Springs, NY is $1,003 (±$140) a month, including taxes, insurance and utilities.

How much does it cost to own a paid-off home in the Village of Richfield Springs?

Owners without a mortgage in the Village of Richfield Springs pay a median of $520 (±$73) a month in taxes, insurance, utilities and fees.

Has the cost of owning a home in the Village of Richfield Springs gone up?

In the Village of Richfield Springs, the median monthly cost with a mortgage went from $1,188 in 2015–2019 to $1,003 in 2020–2024 (−15.6%).

Prices (CPI-U) rose 22.7% over the same years, so it fell after inflation as well.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Richfield Springs village, New York (place:61489, in state:36).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.