What percentage of people rent in the Village of Richfield Springs, NY?
28.2% (±11.0 points) of the occupied homes in the Village of Richfield Springs, NY are rented (2020–2024 American Community Survey).
That is 119 renting households against 303 that own their home.
In the Village of Richfield Springs, the share of households that rent went from 41.8% in 2015–2019 to 28.2% in 2020–2024 (−13.6 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 28.2% (±11.0 points)
- Renting households
- 119 (±57)
- Median renter income
- $21,202 (±$13,543)
Who rents and who owns in the Village of Richfield Springs
| Village of Richfield Springs | Otsego County | New York | United States | |
|---|---|---|---|---|
| Renter-occupied share | 28.2% (±11.0 points) | 26.1% (±2.0 points) | 45.7% (±0.2 points) | 34.8% |
| Renting households | 119 (±57) | 6,060 (±519) | 3,525,661 (±12,362) | 45,017,354 |
| Owning households | 303 (±76) | 17,129 (±444) | 4,196,985 (±19,607) | 84,210,142 |
| Average renter household size | 2.4 (±1.2) | 1.9 (±0.1) | 2.3 (±0.0) | 2.3 |
| Average owner household size | 2.7 (±0.5) | 2.5 (±0.1) | 2.7 (±0.0) | 2.6 |
| Median renter household income | $21,202 (±$13,543) | $46,448 (±$5,635) | $57,803 (±$395) | $52,966 |
| Median owner household income | $65,875 (±$21,110) | $81,969 (±$2,506) | $114,563 (±$568) | $100,009 |
In the Village of Richfield Springs, the renter share is not measurably different from Otsego County (26.1%).
It is also lower than in New York (45.7%).
It is not measurably different from the national figure (34.8%).
In Otsego County, the Village of Richfield Springs ranks 6 of 9 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 303 of 532.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in the Village of Richfield Springs has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 41.8% (±12.8 points) | 28.2% (±11.0 points) | −13.6 percentage points | Not a measurable change |
| Median gross rent | $670 (±$68) | $756 (±$86) | +12.8% | No measurable change after inflation |
| Median household income | $40,764 (±$9,641) | $55,750 (±$16,330) | +36.8% | 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.
Households that rent in places near the Village of Richfield Springs
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Village of Richfield Springs | — | 28.2% (±11.0 points) | — |
| Town of Richfield | 3.1 mi | 28.3% (±7.9 points) | Not measurably different |
| Town of Warren | 4.0 mi | 21.6% (±10.1 points) | Not measurably different |
| Town of Exeter | 6.0 mi | 2.3% (±2.3 points) | Lower |
| Town of Columbia | 6.0 mi | 12.7% (±5.7 points) | Lower |
| Town of Springfield | 6.2 mi | 19.0% (±7.6 points) | Not measurably different |
| Town of Otsego | 6.6 mi | 29.6% (±5.8 points) | Not measurably different |
| Town of German Flatts | 9.0 mi | 29.2% (±4.6 points) | Not measurably different |
| Town of Winfield | 9.6 mi | 19.8% (±5.8 points) | Not measurably different |
Nearby places with a measurably lower figure: Town of Exeter, NY (2.3%), Town of Columbia, NY (12.7%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Otsego County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 1 | Village of Cooperstown | 40.6% (±8.4 points) |
| 2 | Village of Morris | 34.1% (±14.9 points) |
| 3 | Village of Milford | 31.4% (±13.7 points) |
| 4 | Village of Laurens | 31.2% (±19.5 points) |
| 5 | Village of Otego | 29.8% (±9.5 points) |
| 6 (tie) | Village of Richfield Springs | 28.2% (±11.0 points) |
| 6 (tie) | Village of Unadilla | 28.2% (±9.1 points) |
| 8 | Village of Gilbertsville | 12.3% (±9.5 points) |
| 9 | Village of Cherry Valley | 5.7% (±5.1 points) |
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
How many renters are there in the Village of Richfield Springs?
The Village of Richfield Springs has an estimated 119 (±57) renting households, 28.2% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in the Village of Richfield Springs?
In the Village of Richfield Springs, the share of households that rent went from 41.8% in 2015–2019 to 28.2% in 2020–2024 (−13.6 percentage points), not a measurable change.
How big are renting households in the Village of Richfield Springs?
A renting household in the Village of Richfield Springs has 2.4 people on average, against 2.7 in an owned home.
How much do renters earn in the Village of Richfield Springs?
The median renting household in the Village of Richfield Springs, NY has an income of $21,202 (±$13,543) a year, against $65,875 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Richfield Springs village, New York
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Richfield Springs village, New York
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Richfield Springs village, New York
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Richfield Springs village, New York
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Richfield Springs village, New York
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
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 DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
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.
Figures last updated on .
Related
- Housing in the Village of Richfield Springs at a glance
- Median rent in the Village of Richfield Springs
- Rent burden in the Village of Richfield Springs
- Income and affordability in the Village of Richfield Springs
- Home values in the Village of Richfield Springs
- Homeowner costs in the Village of Richfield Springs
- Property taxes in the Village of Richfield Springs
- Types of homes in the Village of Richfield Springs
- Bedrooms in the Village of Richfield Springs
- Age of homes in the Village of Richfield Springs
- Heating fuel in the Village of Richfield Springs
- Commute and cars in the Village of Richfield Springs
- Population growth in the Village of Richfield Springs
- New York landlord and tenant rules
- Housing across Otsego County
- New York places ranked by share of renters
- Housing data for every place in New York