Real Estate Investing in Richfield Springs, New York

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 3,667 • Herkimer County

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Should you buy in Richfield Springs, NY? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (60/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
2 flags
  • High vacancy: 38.2% of homes vacant — above national norms.
  • Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.

What’s happening in Richfield Springs, NY?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

5.4% 5yr CAGR

1.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $225,209
Avg Monthly Rent $963
ZIP Codes 1

Investing in Richfield Springs Real Estate

Richfield Springs in New York is one of the markets where the numbers warn before they reward — 1 ZIPs, a sizable population, and a rating that reflects material risk.

Richfield Springs is the kind of market where the cap rate on paper and the cap rate realized tend to diverge. unambiguously out-of-state investors should be especially careful with the assumptions they carry in.

Market conditions in Richfield Springs are thin. Days-on-market has stretched, rent growth has stalled, and the 0.0% 5-year CAGR understates how uneven the underlying ZIPs really are.

Demographics in Richfield Springs show real pressure — median income of $N/AK is subdued relative to rents, and the 0% renter share includes significant cost-burdened households.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Utica-Rome, NY

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Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$225,209
Avg Monthly Rent
$963
1% Rule
✗ Below
Landlord Friendly (NY)

ZIP Codes in Richfield Springs, NY

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Filter Richfield Springs’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Richfield Springs, NY

How does Richfield Springs, NY rate as a rental market?

Our data puts Richfield Springs, NY at 3.0/5 for investability. Home prices of $225K and rents around $963/mo create a solid backdrop for investor activity.

What is the average monthly rent in Richfield Springs, NY?

Investors in Richfield Springs, NY typically see rents near $963/mo per month against $225K home values - a solid setup for rental cash flow.

How deep is the rental pool in Richfield Springs, NY?

Richfield Springs, NY draws a stable base of working renters. Demand at the $963/mo rent level is reasonable for standard single-family and small multi rentals.

Are there empty rentals in Richfield Springs, NY?

Vacancy risk in Richfield Springs, NY is elevated. That supports stable cash flow for typical rental holds.

What price range are homes in Richfield Springs, NY?

In Richfield Springs, NY the median home value sits at $225K. Against the broader NY market, that reads as reasonable for most investors.

Community Ratings

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