Home Values

Richfield Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$250,300

  • -1.6% 1-year change
  • 1.6% 1-year forecast

The median home value in Richfield is $250,300. Richfield home values have declined -1.6% over the past year and Zillow predicts they will rise 1.6% within the next year.

Foreclosures will be a factor impacting home values in the next several years. In Richfield 3.5 homes are foreclosed (per 10,000). This is lower than the Akron Metro value of 4.2 and also the same as the national value of 3.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Richfield is 7.2%, which is higher than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Richfield homeowners underwater on their mortgage is 6.7%, which is lower than Akron Metro at 17.0%.

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Relative ZHVI
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Richfield Market Overview

Data through May 31, 2015
  • $250,300 ZHVI
  • 1.6% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (May 31, 2016)
  • No data Median listing price
  • No recent data Median sale price
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Richfield Market Health

Data through May 31, 2015
  • No recent data Healthy
  • No data Average days on Zillow
  • 6.7% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 7.2% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

4 Richfield
4 Akron Metro
4 United States
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Nearby Cities

Name Median ZHVI
Boston Heights $296,400
Montrose-Ghent $279,600
Brecksville $222,600
Name Median ZHVI
Hinckley $218,400
Independence $194,300
Broadview Heights $191,700
Name Median ZHVI
North Royalton $170,100
Northfield $158,900
Fairlawn $158,400

Listings & Sales

  • No data
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Richfield Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,832 Richfield
    $1,093 Akron Metro
    $1,367 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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