Market Overview
Home Prices in Richfield, OH
The median home value in Richfield, OH is $509,272 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.7% compared to a year ago and up 2.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Richfield are priced24% above average. Richfield is part of the Akron, OH metro area.
Over the past five years, Richfield home values have risen by approximately26.0%, reflecting strong long-term appreciation in this market.
Price History
Richfield Home Price Trend
City Comparison
Richfield vs. National Median
At $509,272, homes in Richfield cost 24% above the national median of $410,000. Buyers in Richfield should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Richfield?
20% Down Payment
$101,854
on $509,272
Monthly P&I
$2,656/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,373/mo
incl. taxes & insurance
Income Needed
$134,920
gross annual (30% rule)
10% Down Option
$50,927
+ PMI applies
Loan Amount (20% dn)
$407,418
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Richfield, OH?
The median home value in Richfield is $509,272 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.7% year-over-year.
How much have home prices changed in Richfield?
Over the past year, home values in Richfield have increased by 3.7%. Over five years, prices have risen approximately 26.0%.
How much do I need to earn to buy a home in Richfield?
To comfortably afford the median home price of $509,272 with a 20% down payment ($101,854) at today's rates (6.8%), you'd need a gross annual income of approximately $134,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Richfield compare to the national average home price?
The national median home value is approximately $410,000. At $509,272, homes in Richfield are 24% above the national average.
What metro area is Richfield part of?
Richfield is part of the Akron, OH metropolitan area. Home prices and market conditions can vary across the broader metro region.