Richfield, MN has a median housing value of $305,400, which is slightly lower than the US House Median Value of $338,100. The US 1 year house appreciation rate was 8.27%, while Richfield's 1 year house appreciation rate was 4.79%. This indicates that while the housing market in Richfield is still appreciating, it is at a slower rate than the national average. Despite this slower rate of appreciation, Richfield remains an attractive real estate market with plenty of amenities and services that appeal to potential homebuyers.
The median home cost in Richfield is $305,400. Home appreciation the last 10 years has been 89.0%. Home Appreciation in Richfield is up 7.1%.
Average Age of Homes
- The median age of Richfield real estate is 60 years old
The Rental Market in Richfield
- Renters make up 34.6% of the Richfield population
- 0.6% of houses and apartments in Richfield, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.