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Housing in Richfield

A typical Richfield home is worth roughly $322,000

Typical home value
$322K
IL $298K
Estimate
2-bedroom rent
$950
a month, utilities in · HUD
Median tax bill
$3,923
IL $5,298

What kind of housing town is Richfield?

Read from the numbers below. The page puts what stands out first.

★ What stands out · The homes

100% of Richfield households own their home

Half of Richfield’s homes were built before 1968.

Owners and renters
Own 100%

Illinois: 67% own.

1968
typical home built · IL 1971
$3,923
median property tax bill · IL $5,298
33%
of homes are seasonal or vacation homes

U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.

Affordability

What it takes to buy in Richfield

Try your own numbers below.

You could afford about
$280,000
Typical Richfield home $322K

That’s $42K short of a typical Richfield home.

The typical home, each month
$2,230
Loan $1,590Tax $540Insurance $90

A two-bedroom rents for about $950 a month here, $1,280 less than owning.

Where your budget reaches nearby

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the Illinois typical property tax (2.01% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $950

Fair Market Rent a month, utilities included

Studio$650
1 bedroom$720
2 bedrooms$950
3 bedrooms$1,180
4 bedrooms$1,360
0%
of households rent · IL 33%

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Adams County, IL): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Next door

Richfield vs. its neighbors

Richfield is the priciest of 4 neighboring towns. Tap one to see its housing page.

Compare more
TownTypical value1-yr change2-bed rentNew homes 2025Median income
Richfield$322K*—$950—$126,786
Barry$91K+12.1%$920—$76,696
Payson$170K−0.3%$1,0100$62,041
Liberty$251K+23.1%$1,010—$93,452

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Richfield buyers, sellers and renters are saying.

Town Square →
Weigh in
Is Richfield still affordable for young families?

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Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.

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