466 Wakefield Run Boulevard

Property details·Richfield, Medina County, Ohio·016-03B-12-029

4Beds
3Baths
3,513Sq ft
0.75Acres
2004Built
$97KLast sale

Location

Address

466 Wakefield Run Boulevard

Richfield, OH 44233

Medina County

Parcel ID

016-03B-12-029

Coordinates

41.270738, -81.685126

Building details

Bedrooms
4
Bathrooms
3
Square feet
3,513
Year built
2004
Fireplace
2 fireplaces
Garage
3-car G

Land & lot

Lot size
0.75 acres
Land area
32,670 sq ft
Subdivision
Wh Wakefield Run Sub
Neighborhood
1162501
Land use code
1001

Tax & assessment

CategoryAmount
Tax value$10,567.14
Market value$650,470
Assessed value$227,660
Building value$511,320
Land value$139,150

Values reflect public tax roll data as of the year shown.

County context

Medina County 2026 Insights

Medina County, Ohio: Cleveland's Quiet Overachiever

There's a type of American county that never makes national headlines but consistently outperforms its neighbors on nearly every economic measure. Medina County, Ohio is that county. Wedged between Cleveland's suburban sprawl to the north and Akron's rustbelt legacy to the east, Medina has quietly built one of Northeast Ohio's most resilient middle-class communities — and the data makes that case convincingly.

With a median household income of $92,660 — nearly 25% above the national median of $75,149 — and a poverty rate of just 6.1%, Medina sits in a different economic universe than much of Ohio. The state has long struggled with post-industrial decline, yet Medina's unemployment rate of 3.0% signals an economy that's essentially at full employment. This isn't accident; it reflects decades of attracting suburban professionals who work in Cleveland or Akron while choosing Medina's quieter townships for family life.

The Ownership Society, Medina-Style

The county's 80% homeownership rate is the number that stops you cold. Nationally, about 65% of households own their homes. Medina's rate is extraordinary even by suburban Ohio standards, and it speaks to the county's character: this is a place people put down roots. With 77% of housing stock being single-family homes and a median year built of 1986, the housing landscape is classic late-20th-century suburbia — cul-de-sacs, attached garages, and lots of lawn.

Yet that ownership culture creates a paradox for renters. Only 20% of households rent, which means the rental market is thin and landlords have pricing power. A median rent of $1,090 might sound modest in absolute terms, but a rent burden rate of 40.2% — well above the 30% threshold considered financially healthy — reveals that renters here are genuinely squeezed. The county simply wasn't built for them.

Key Statistics

StatValueContext
Median Home Value$268,000below $320K national median — surprising for incomes this high
Homeownership Rate80.0%vs ~65% national average
Price-to-Income Ratio2.9xamong the most affordable ratios in suburban America
YoY Price Change+9.0%well above national appreciation pace

A 9% Annual Gain and Still Affordable?

That 9% year-over-year price increase is notable, but what makes Medina genuinely unusual is that it's appreciating rapidly from a position of affordability. At a price-to-income ratio of roughly 2.9x, buyers here face none of the existential math that plagues coastal markets. In Columbus, Cleveland's own suburbs, or virtually anywhere in the Sun Belt, that combination — strong income, low prices, fast appreciation — is increasingly rare. It may explain the migration pressure building in the market.

The median age of 43.1 and a population where nearly 1 in 5 residents is 65 or older suggests an aging community that may see significant housing turnover in the coming decade, which could either accelerate appreciation or — if enough inventory finally hits — offer entry points for younger buyers currently priced out of other markets.


FAQs

What makes Medina County, Ohio unique? Medina combines high household incomes, an 80% homeownership rate, and home prices still below the national median — a trifecta that's nearly impossible to find in suburban America today. It functions as a bedroom community for both Cleveland and Akron while maintaining its own small-city identity centered on Medina's historic downtown square.

Is Medina County a good place to buy a home? By the numbers, yes — particularly for buyers coming from higher-cost markets. A price-to-income ratio under 3x and 9% annual appreciation suggest both affordability and upside. The caveat is that rental options are limited and renters face above-average cost burdens, so the county rewards those who can access a down payment.

Why are home prices rising so fast in Medina County? Low vacancy rates (4.2%), a dominant single-family housing stock, and sustained demand from Cleveland-area professionals seeking more space are all compressing supply. Only about 1,260 homes sold in the past year across a county of 183,000 people — that's a thin market where motivated buyers push prices higher with each transaction.

Nearby properties

Other parcels within a few hundred meters of this one.

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