HomeNew YorkOtsego CountyRichfield Springs village
Richfield Springs village, New York: commercial real estate data.
Richfield Springs village is a Census village of 1,104 people across 1.01 square miles of land, in Otsego County. Median household income is $55,750, 71.8 percent of occupied homes are owned, and the SBA record carries 2 7(a) approvals to borrowers here worth $2.4 m.
70 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Richfield Springs
What Richfield Springs is
- Census place typevillage
- Land area1.01 sq mi
- Water area0 sq mi
- Population per square mile of land1,097 plus or minus 316
- County holding the largest share of its areaOtsego County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Richfield Springs
How many people live in Richfield Springs
- Population1,104 plus or minus 318
- Median age35.4 plus or minus 8.9
- Population under 18215 plus or minus 98
- Share under 1819.5 percent plus or minus 6.9
- Population 65 and over239 plus or minus 67
- Share 65 and over21.6 percent plus or minus 8.7
- Households422 plus or minus 96
- Family households204 plus or minus 63
- Share of households that are families48.3 percent plus or minus 10.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Richfield Springs
Income and work in Richfield Springs
- Median household income$55,750 plus or minus $16,330
- Per capita income$29,255 plus or minus $7,859
- Civilian labor force574 plus or minus 209
- Employed556 plus or minus 204
- Unemployed18 plus or minus 24
- Unemployment rate3.1 percent plus or minus 4.0
- Adults 25 and over670 plus or minus 144
- Adults 25 and over with a high school diploma or higher88.5 percent
- Adults 25 and over with a bachelor degree or higher26.1 percent plus or minus 9.2
- Adults 25 and over with a graduate degree7.8 percent plus or minus 5.0
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Richfield Springs
Housing in Richfield Springs
- Housing units513 plus or minus 112
- Occupied units422 plus or minus 96
- Vacant units91 plus or minus 47
- Vacancy rate17.7 percent plus or minus 8.3
- Owner occupied303 plus or minus 76
- Renter occupied119 plus or minus 57
- Ownership rate71.8 percent
- Median owner-occupied home value$132,400
- Median gross rent, monthly$756
- Annual rent as a share of median income16.3 percent plus or minus 5.1
- Single family units355 plus or minus 93
- Share single family69.2 percent
- Units in buildings of two or more131 plus or minus 54
- Share in buildings of two or more25.5 percent plus or minus 8.9
- Mobile homes27 plus or minus 29
- Median year structure built1938
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Richfield Springs
How Richfield Springs gets to work
- Workers 16 and over who commute516 plus or minus 203
- Commuting under 15 minutes145 plus or minus 97
- Share commuting under 15 minutes28.1 percent plus or minus 15.2
- Commuting 30 minutes or more218 plus or minus 97
- Share commuting 30 minutes or more42.2 percent plus or minus 8.8
- Drove alone73.0 percent plus or minus 14.7
- Carpooled10.5 percent plus or minus 8.0
- Public transport0.0 percent
- Walked5.6 percent plus or minus 5.4
- Worked from home6.5 percent plus or minus 5.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Richfield Springs
SBA loans in Richfield Springs (7(a))
- Approvals2
- Gross approval$2,438,000
- Average approval$1,219,000
- Median approval$1,219,000
- Ninetieth percentile approval$1,219,000
- Largest approval$1,219,000
- Jobs supported7
- Jobs per approval3.5
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term300 months
- Share on real estate terms of 20 years or more100.0 percent
- Share to franchises100.0 percent
- Distinct lenders2
- Distinct industries by NAICS1
A charge-off rate is not published here. only 0 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Richfield Springs
Flood risk in Richfield Springs
- Listed NFIP communities1
- Of those, participating1
- NFIP community number361360
- Currently effective map date03/21/17(M)
This community carries no Community Rating System class, so no CRS premium discount applies to it.
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Otsego County, not Richfield Springs
Otsego County context, not Richfield Springs figures
These are Otsego County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Richfield Springs measurements.
- Establishments in Otsego County1,295
- Employment at those establishments, Otsego County18,030
- Covered employment, Otsego County22,197
- Average annual pay, Otsego County$60,346
- Average weekly wage, Otsego County$1,160
- Housing units permitted, Otsego County123
- Of those, single family, Otsego County123
- County product, 2024, Otsego County$3,518,319,000
- County product change over the prior year, Otsego County6.7 percent
- Average income of an arriving household, Otsego County$68,717
Every figure in this section is published for Otsego County as a whole and is not a measurement of Richfield Springs. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Richfield Springs questions, answered from the record.
How many people live in Richfield Springs, New York?
1,104, in 422 households. Richfield Springs village covers 1.01 square miles of land, which is 1,097 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Richfield Springs in?
Otsego County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Richfield Springs?
$55,750. The median owner-occupied home is valued at $132,400. Median gross rent is $756 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Richfield Springs businesses?
2 7(a) approvals totalling $2.4 m, across 2 lenders, median approval $1,219,000. These count approvals to borrowers whose address is in Richfield Springs, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Richfield Springs borrowers get paid back?
No rate is published for Richfield Springs. only 0 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Is Richfield Springs in the National Flood Insurance Program?
Yes. Richfield Springs appears in the FEMA Community Status Book as community 361360, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Richfield Springs figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Otsego County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Richfield Springs.
Is zoning published for Richfield Springs?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.