Richfield Springs, NY

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Richfield Springs short-term rental market based on reliable data.

Listings

40 / 121

Reliable / Active

Cap Rate

12%

Middle-Earners Gross Yield

Revenue

$26,564

Middle-Earners Revenue

Occupancy

54%

Middle-Earners Occupancy

Home Value

$215,416

Median Home Sale Price

Top Earners

$43,658

Top-Earners Revenue

Richfield Springs

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Richfield Springs.

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C

Challenging to Investors

Richfield Springs Regulations

STRs are permitted, but investors face a multi‑layer permitting, inspection, and tax regime (Town/Village permit and zoning checks, NYS registration with host‑presence limits, and Otsego County occupancy tax), and local rules are not fully codified publicly—creating compliance uncertainty and operational restrictions.

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About Richfield Springs

Richfield Springs is a small village in Otsego County, in the heart of central New York State. With a population of roughly 1,200 residents, it has the quiet, unhurried feel of a 19th-century country village, ringed by farmland, low forested hills, and quiet lakes. The village grew up around natural mineral and sulfur springs in the 1800s and retains a faded-resort character, with Victorian-era homes and a low-key main street that hints at its history as a health-spa destination. Today it serves primarily as a rural gateway to the broader Otsego County region, situated roughly 60 miles west of Albany and about 30 miles south of Utica, in the rolling countryside between the Catskills and the Mohawk Valley.

Just under twenty miles to the southwest lies Cooperstown, the county seat and the home of the National Baseball Hall of Fame and Museum. The village draws baseball fans year-round to its lakeside Main Street, and the museum itself anchors a cluster of related attractions including the Fenimore Art Museum and The Farmers' Museum, both of which sit on the western shore of Otsego Lake, the lake that James Fenimore Cooper made famous. From Richfield Springs, Cooperstown is an easy roughly 30-minute drive, making it a practical day trip for visitors staying in the area.

A few miles north of Richfield Springs sits Glimmerglass State Park, which wraps around the southern end of Canadarago Lake, the largest natural lake entirely within Otsego County. The park offers a sandy beach, picnic areas, hiking trails, and a campground, and it is one of the closest places to the village for swimming, paddling, and casual lakeside recreation. Canadarago itself is known locally for its quiet coves and small fishing culture rather than for tourism infrastructure, which gives the area around Richfield Springs a notably uncrowded feel even in midsummer.

Within Glimmerglass State Park, the stone-and-stucco mansion known as Hyde Hall is one of the finest examples of early American country-house architecture in the region. Built in the early 19th century for the Clark family, who owned much of the surrounding land, the house is preserved as a historic house museum, and guided tours are typically offered seasonally. For travelers interested in history and architecture, it adds a quieter, less-visited counterpoint to the bigger Cooperstown attractions.

Taken together, Richfield Springs offers a peaceful, rural base within easy reach of some of central New York's most recognizable draws. Visitors can spend a day at the Baseball Hall of Fame, an afternoon swimming at Glimmerglass, and return in the evening to a quiet village that still feels a world away from the highway. That mix of small-town calm and proximity to marquee regional destinations is exactly the combination that tends to appeal to short-term rental guests looking for a slower upstate New York experience.

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