What is the median home value in Richfield, OH?

The median value of owner-occupied homes in Richfield, OH is $333,900 (±$84,849), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In Richfield, the median home value went from $240,300 in 2015–2019 to $333,900 in 2020–2024 (+39.0%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on .

Median home value
$333,900 (±$84,849)
Owner-occupied homes
1,342 (±191)
Most common range
$500,000 to $999,999

Home values in Richfield

Owner-occupied homes by value, 2020–2024
ValueRichfieldSummit CountyOhioUnited States
Less than $50,00015.1% (±17.6 points)4.5%6.3%5.3%
$50,000 to $99,9990.8% (±1.3 points)11.7%10.0%6.1%
$100,000 to $149,9990.9% (±1.4 points)14.5%13.4%6.8%
$150,000 to $199,9998.3% (±5.0 points)16.9%16.3%9.0%
$200,000 to $299,99920.1% (±8.3 points)22.9%23.3%17.8%
$300,000 to $499,99921.1% (±8.7 points)21.6%21.8%26.9%
$500,000 to $999,99932.5% (±9.1 points)7.3%7.7%20.9%
$1,000,000 or more1.2% (±1.5 points)0.6%1.2%7.1%

The most common range is $500,000 to $999,999, 32.5% of owned homes.

Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.

Richfield against Summit County, its state and the nation

Estimate (90% margin of error)
RichfieldSummit CountyOhioUnited States
Median home value$333,900 (±$84,849)$208,700 (±$2,983)$214,800 (±$742)$332,700
Owner-occupied homes1,342 (±191)156,137 (±1,656)3,267,904 (±16,882)84,210,142

In Richfield, the median home value is higher than in Summit County ($208,700).

It is also higher than in Ohio ($214,800).

It is not measurably different from the national figure ($332,700).

In Summit County, Richfield ranks 8 of 35 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 195 of 2,341.

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

How home values in Richfield have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Median home value$240,300 (±$15,255)$333,900 (±$84,849)+39.0%No measurable change after inflation
Median owner cost with a mortgage$1,753 (±$138)$1,496 (±$589)−14.7%Down after inflation
Median real estate taxes$3,656 (±$258)$4,147 (±$861)+13.4%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 home value in places near Richfield

Nearest places with a published estimate, compared with Richfield
PlaceDistanceMedian home valueCompared with this place
Richfield—$333,900 (±$84,849)—
Richfield Township (Summit County)0.9 mi$423,300 (±$60,209)Not measurably different
Bath Township (Summit County)3.8 mi$474,200 (±$36,962)Higher
Peninsula4.7 mi$432,700 (±$51,111)Not measurably different
Boston Township4.7 mi$330,500 (±$53,906)Not measurably different
Hinckley Township5.0 mi$443,500 (±$35,806)Higher
Brecksville5.3 mi$371,900 (±$12,206)Not measurably different
Montrose-Ghent5.3 mi$545,500 (±$133,212)Higher
Cuyahoga Falls5.9 mi$183,300 (±$4,796)Lower

Nearby places with a measurably lower figure: Cuyahoga Falls, OH ($183,300).

Nearby places with a measurably higher figure: Bath Township (Summit County), OH ($474,200), Hinckley Township, OH ($443,500), Montrose-Ghent, OH ($545,500).

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

Median home value across Summit County, place by place

RankPlaceMedian home value
2Bath Township (Summit County)$474,200 (±$36,962)
3Hudson$466,500 (±$11,107)
4Peninsula$432,700 (±$51,111)
5Boston Heights$431,800 (±$58,668)
6Richfield Township (Summit County)$423,300 (±$60,209)
7Twinsburg Township$355,100 (±$35,962)
8Richfield$333,900 (±$84,849)
9Reminderville$333,000 (±$40,769)
10Copley Township$332,300 (±$32,858)
11Boston Township$330,500 (±$53,906)
12Silver Lake$319,400 (±$22,067)
13Twinsburg$318,800 (±$19,224)
14Macedonia$308,500 (±$16,548)

Showing 13 of 35 places in Summit 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 Richfield

What is the average home value in Richfield, OH?

The Census Bureau publishes the median: $333,900 (±$84,849) for owner-occupied homes in Richfield (2020–2024 American Community Survey).

Have home values in Richfield gone up?

In Richfield, the median home value went from $240,300 in 2015–2019 to $333,900 in 2020–2024 (+39.0%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Is this what homes in Richfield sell for?

No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.

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) for Richfield village, Ohio (place:66530, in state:39).

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

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

The API needs a free key.

Request a Census API key.

DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM

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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