The typical owner-occupied home in Richville is worth about $92,500, 78% below the New York median of $423,800 and 72% below the national median of $332,700. Owners pay a median $1,311 a year in property taxes, about 1.42% of their home's value, lower than the New York rate of 1.55%. The median household earns $55,000 a year, so the median home costs 1.7 times the median income (4.9 times for New York). 76% of occupied homes here are lived in by their owners, and 45% of those owners still have a mortgage.
Richville at a glance
| Richville | New York | U.S. | |
|---|---|---|---|
| Median home value | $92,500 | $423,800 | $332,700 |
| Median property tax paid per year | $1,311 | $6,582 | $3,119 |
| Property tax as a share of value | 1.42% | 1.55% | 0.94% |
| Median household income | $55,000 | $85,974 | $80,734 |
| Homes lived in by their owners | 76% | 54% | 65% |
| Owner homes with a mortgage | 45% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,000 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 26.3% | 22.5% | 21.0% |
| Median rent | $958 | $1,621 | $1,413 |
| Rent as a share of renters' income | 42.5% | 31.2% | 30.6% |
| Median year homes were built | 1938 | 1959 | 1980 |
| Vacant homes | 17.4% | 10.0% | 10.1% |
| Population | 311 | 19,852,366 | 334,922,499 |
What a typical home costs per month in Richville
At this week's average 30-year rate of 7.11%, buying the median Richville home of $92,500 with 20% down costs about $646 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $800, 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 $27,677 for the 20%-down payment. That payment is 14% of the median Richville household income of $55,000; at that income and 20% down, the 28% guideline points to a home of about $184,000.
The median rent here is $958 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $18,500 |
|---|---|
| Loan amount | $74,000 |
| Principal and interest | $498 |
| Property taxes (1.42% a year) | $109 |
| Homeowners insurance (our estimate, 0.5% a year) | $39 |
| PMI | $0 |
| Total per month | $646 |
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| Down payment | $3,238 |
|---|---|
| Loan amount | $90,825 |
| Principal and interest | $611 |
| Property taxes (1.42% a year) | $109 |
| Homeowners insurance (our estimate, 0.5% a year) | $39 |
| FHA mortgage insurance | $41 |
| Total per month | $800 |
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Questions about home buying in Richville
What is the median home value in Richville?
About $92,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Richville?
Homeowners pay a median $1,311 a year, which is about 1.42% 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 Richville?
For the median home with 20% down at 7.11%, the payment is about $646 a month. Keeping that under 28% of gross income takes about $27,677 a year.
More about Richville
- Mortgage Refinance in Richville
- Debt Relief in Richville
- Home Equity Loans in Richville
- 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