The typical owner-occupied home in Richburg is worth about $71,400, 83% below the New York median of $423,800 and 79% below the national median of $332,700. Owners pay a median $2,710 a year in property taxes, about 3.80% of their home's value, higher than the New York rate of 1.55%. The median household earns $47,083 a year, so the median home costs 1.5 times the median income (4.9 times for New York). 66% of occupied homes here are lived in by their owners, and 31% of those owners still have a mortgage.
Richburg at a glance
| Richburg | New York | U.S. | |
|---|---|---|---|
| Median home value | $71,400 | $423,800 | $332,700 |
| Median property tax paid per year | $2,710 | $6,582 | $3,119 |
| Property tax as a share of value | 3.80% | 1.55% | 0.94% |
| Median household income | $47,083 | $85,974 | $80,734 |
| Homes lived in by their owners | 66% | 54% | 65% |
| Owner homes with a mortgage | 31% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,063 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 24.4% | 22.5% | 21.0% |
| Median rent | $931 | $1,621 | $1,413 |
| Rent as a share of renters' income | 33.8% | 31.2% | 30.6% |
| Median year homes were built | 1938 | 1959 | 1980 |
| Vacant homes | 9.1% | 10.0% | 10.1% |
| Population | 650 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Richburg
At this week's average 30-year rate of 7.11%, buying the median Richburg home of $71,400 with 20% down costs about $640 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $759, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $27,433 for the 20%-down payment. That payment is 16% of the median Richburg household income of $47,083; at that income and 20% down, the 28% guideline points to a home of about $123,000.
The median rent here is $931 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $14,280 |
|---|---|
| Loan amount | $57,120 |
| Principal and interest | $384 |
| Property taxes (3.80% a year) | $226 |
| Homeowners insurance (our estimate, 0.5% a year) | $30 |
| PMI | $0 |
| Total per month | $640 |
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| Down payment | $2,499 |
|---|---|
| Loan amount | $70,107 |
| Principal and interest | $472 |
| Property taxes (3.80% a year) | $226 |
| Homeowners insurance (our estimate, 0.5% a year) | $30 |
| FHA mortgage insurance | $32 |
| Total per month | $759 |
Change the numbers in the calculator
Questions about home buying in Richburg
What is the median home value in Richburg?
About $71,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Richburg?
Homeowners pay a median $2,710 a year, which is about 3.80% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Richburg?
For the median home with 20% down at 7.11%, the payment is about $640 a month. Keeping that under 28% of gross income takes about $27,433 a year.
More about Richburg
- Mortgage Refinance in Richburg
- Debt Relief in Richburg
- Home Equity Loans in Richburg
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data