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

Tenure, estimate (90% margin of error)
Village of Richfield SpringsOtsego CountyNew YorkUnited States
Renter-occupied share28.2% (±11.0 points)26.1% (±2.0 points)45.7% (±0.2 points)34.8%
Renting households119 (±57)6,060 (±519)3,525,661 (±12,362)45,017,354
Owning households303 (±76)17,129 (±444)4,196,985 (±19,607)84,210,142
Average renter household size2.4 (±1.2)1.9 (±0.1)2.3 (±0.0)2.3
Average owner household size2.7 (±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 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Households that rent41.8% (±12.8 points)28.2% (±11.0 points)−13.6 percentage pointsNot 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

Nearest places with a published estimate, compared with the Village of Richfield Springs
PlaceDistanceHouseholds that rentCompared with this place
Village of Richfield Springs—28.2% (±11.0 points)—
Town of Richfield3.1 mi28.3% (±7.9 points)Not measurably different
Town of Warren4.0 mi21.6% (±10.1 points)Not measurably different
Town of Exeter6.0 mi2.3% (±2.3 points)Lower
Town of Columbia6.0 mi12.7% (±5.7 points)Lower
Town of Springfield6.2 mi19.0% (±7.6 points)Not measurably different
Town of Otsego6.6 mi29.6% (±5.8 points)Not measurably different
Town of German Flatts9.0 mi29.2% (±4.6 points)Not measurably different
Town of Winfield9.6 mi19.8% (±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

RankPlaceHouseholds that rent
1Village of Cooperstown40.6% (±8.4 points)
2Village of Morris34.1% (±14.9 points)
3Village of Milford31.4% (±13.7 points)
4Village of Laurens31.2% (±19.5 points)
5Village of Otego29.8% (±9.5 points)
6 (tie)Village of Richfield Springs28.2% (±11.0 points)
6 (tie)Village of Unadilla28.2% (±9.1 points)
8Village of Gilbertsville12.3% (±9.5 points)
9Village of Cherry Valley5.7% (±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

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.

Request a Census API 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 .

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