Richfield, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Richfield, WI Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Richfield Housing Market Information

With 11,530 people, 4,306 houses or apartments, and a median cost of homes of $368,367, Richfield house prices are not only among the most expensive in Wisconsin, Richfield real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Richfield, accounting for 97.64% of the village's housing units. Other types of housing that are prevalent in Richfield include row houses and other attached homes ( 1.15%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Richfield. Owner-occupied housing accounts for 96.98% of Richfield's homes, and 88.29% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Richfield built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Richfield built between 1940-1969 ( 21.90%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.56%). There's also some housing in Richfield built before 1939 ( 6.95%).

Richfield Home Appreciation Rates

Real estate appreciation rates in Richfield's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.34% during the period.

NeighborhoodScout's data show that during the latest twelve months, Richfield's appreciation rate, at 4.89%, has been at or slightly above the national average. In the latest quarter, Richfield's appreciation rate has been 1.02%, which annualizes to a rate of 4.13%.

Relative to Wisconsin, our data show that Richfield's latest annual appreciation rate is higher than 60% of the other cities and towns in Wisconsin.

Average Home Values

 

Median Home Value:
$368,367

Richfield, WI HOME PRICES

Value Range
> $1,121,000 0.6
$841,001 - $1,121,000 1.7
$561,001 - $841,000 9.4
$448,001 - $561,000 11.4
$336,001 - $448,000 26.5
$224,001 - $336,000 35.3
$112,001 - $224,000 11.8
$56,001 - $112,000 0.5
$0 - $56,000 2.7

Very High for WI
Very High for Nation

Value Relative to Nation Value Relative to State
10.9867572952068 2.6694045174538

Number Of Homes And Apartments:
4,306

Richfield Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WI*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
31.59% 1.60% 6 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,305 / per month

Homeownership Rate

Homeownership
Owners 96.98
Renters 3.02
Vacant 5.03

Housing Market Details

 

Age of Homes

AGE OF Richfield HOMES
2000 or Newer 17.6
1970 - 1999 53.6
1940 - 1969 21.9
1939 or Older 6.9

Types of Homes

TYPE OF Richfield HOMES
Single-Family 97.6
Townhomes 1.1
Small Apt. Buildings 0.7
Apt. Complexes 0.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Richfield HOMES
No Bedroom 0.00
1 Bedroom 1.01
2 Bedrooms 6.26
3 Bedrooms 60.56
4 Bedrooms 27.72
5 or more bedrooms 4.43

Popular Neighborhoods in Richfield

Zip Codes in Richfield, WI